The Informal Financial services sector typically account for more than 75% of finance and credit facilities in rural areas in developing and emerging economies in Africa and across the world in general. Among the 17 Sustainable Development Goals (SDGs) adopted by the United Nations in 2015, Poverty reduction is not only the foremost goal but one that is strategic and crucial to the achievement of the other goals. Several studies have established that the informal financial services sector is key to the achievement and actualization of the sustainable goal of poverty reduction in developing and emerging economies in Africa and across the world. However the informal financial services sector is plagued by several challenges such as information asymmetry, poor risk management, fraud and low adoption of technology.
The Finaco Platform delivers an aggregation of services that help to address these challenges and allow players in the informal financial services sector comprehensively improve their risk management, combat fraud and leverage on technology for their growth and development. The attendant effect contributes in no small measure to host economies and societies in the drive to achieve the Sustainable Development Goals.
Round the clock service delivery and availability including real-time access to data for reporting.
Standards and regulatory compliant data management incorporating high security and encryption.
Guaranteed measurable positive returns-on-investment and incontrovertible value delivery.
The Finaco Platform delivers on what for most informal financial service players, has been an elusive dream.
