Tag: Bharat Inclusion Initiative

About a year back in August 2018, MSC collaborated with the Indian Institute of Management Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship to start the journey of Financial Inclusion Lab. The Lab currently receives support from the J.P. Morgan, Bill & Melinda Gates Foundation, the Michael & Susan Dell Foundation, and the Omidyar Network. The Lab supports start-ups that develop innovative, technology-enabled solutions in the areas of financial technology, livelihoods, and skilling for the benefit of low- and middle-income (LMI) communities. MSC provided technical assistance (TA) to these start-ups. This blog focuses on the lessons learned from this TA program where we highlight six key insights that could be helpful both to investors, consultants, and other organizations which plan TA programs for similar start-ups.

Jai Kisan is a lending platform that uses technology to provide credit solutions to farmers for equipment used in agriculture and allied activities. It has identified its niche in financing farming equipment (excluding tractors) because of the existing finance gap that exists in Indian markets. This blog walks us through the genesis, struggles, and victories of this start-up.

Read to see the journey of WonderLend Hubs, a company that provides Machine Learning-as-a-Service (MLaaS), as it implements this fascinating service to become the credit gateway for India’s low-to middle-income segments.

This blog highlights the journey of Xtracap, a fintech start-up that provides extended credit to low- and middle-income merchants in India towards their daily working capital needs through its flagship technology platform—Bridge2Capital.

Finlok is a financial platform that helps people save money and avail hassle-free credit through a group savings-based financial model. This blog explores how the platform will help the low- and middle-income segments gain greater control over their finances.

The blog highlights seven potential ways in which the fintechs can serve the LMI market and unleash its potential.