Africa focused fintech startup, Social Lender has been announced as the 2022 winner of Rising Stars 4.0 in London region.
Social Lender, a digital financial service startup was among the
top five early stage scale up in the region.
Tech Nation’sRising Stars 4.0 is United Kingdom’s most exciting
competition for innovative, early-stage tech companies designed to showcase the
best the country has to offer.
Reacting to the development, Co-founder, Social Lender, Faith
Adesemowo expressed her satisfaction on the recent success, describing it as an
exciting time for the Social Lender family.
‘’We are overjoyed at being selected as a Regional Winner and we
look forward to making everyone in the team super proud. We are building a
social network for Trust, Credit, Insurance and much more.
According to Faith, millions of people around the globe lack
access to affordable credit and other formal financial services and social
reputation main focus is to solve the multi-million-dollar problem by helping
those people with thin files and people that are financially excluded access
formal financial services.
“We aim to continue to leverage the opportunity of being the
regional winners and the support of Tech Nation to expand our reach and equip
more people with the Social Reputation Score which will allow them to access
formal financial services quicker, more affordably and bring about economic
empowerment over time.
Co-founder, Bade Adesemowo added that Social Lender helps financial
institutions and other partner organizations offer financial services based on
social reputation to individuals who are under-banked or have little or no
access to formal financial services. The solution is available to users who do
not have smartphones using USSD and SMS channels.
“The Social Reputation Score is a measure of trust that is use
as measure of creditworthiness for several financial services including access
to insurance, financial inclusion, KYC, and leasing for new migrants and students
in the United Kingdom and United State of America”, he explained.
0 Comments
DISCLAIMER
The views and opinions expressed on this platform as comments were freely made by each person under his or her own volition or responsibility and were neither suggested nor dictated by the owners of Precious Eze's Blog or any of their contracted staff. So we take no liability whatsoever for such comments.
Please take note!