FMO Ventures Program invests in tech and tech-enabled companies that help enhance access to safe, affordable financial services and improve financial inclusion.
dopay provides a digital payroll and payments platform that helps companies in emerging markets to pay all employees and other beneficiaries electronically. Companies can instantly open a dopay account for their unbanked workers. The account comes with a mobile app and a debit card and is ‘de facto’ the primary account for the accountholder. Egypt is the company’s first operating market.
For more information, visit https://www.dopay.com/en
ftcash focuses on improving access to credit for informal micro merchants that are largely underserved. ftcash uses a proprietary algorithm to analyze payments and alternative data for originating loans and deducts collections directly from merchants’ digital payments. Additionally, ftcash matches merchants’ digital cash flows to credit due dates, increasing the chances of on-time loan payments.
For more information, visit https://www.ftcash.com/
Innoviti Payment Solutions is one of the leading payment solution providers in India, enabling in-store payment acceptance for 20,000+ merchants, across 300 cities and towns. Innoviti combines its payment channels and data to create transactions, leading to better use-cases and retention of consumers, merchants, lenders and banks on their platform.
For more information, visit https://innoviti.com/
Paymob is an infrastructure technology enabler providing payment solutions to empower digital financial service providers across Africa and the Middle East through innovative mobile wallet technology that gives the institute’s clients access to finance and digital payments.
For more information, visit https://www.paymobsolutions.com/en
Country: South Africa
Yoco Technologies is a mobile-point-of-sale company targeting South African (M)SMEs. The company works with acquiring banks to enable small businesses to accept digital payments via cards and electronic payment platforms.
For more information, visit https://www.yoco.co.za/za/
Country: Jordan & Egypt
liwwa Inc. is a FinTech start-up that operates a debt marketplace to provide financing to un(der)served small businesses in Jordan and Egypt. The company provides debt to qualifying SMEs and employs technology across its operation to deliver loans of up to USD 100,000.
For more information, visit https://www.liwwa.com/