Tag: Financial Inclusion Lab accelerator program

Micro, small, and medium enterprise (MSME) borrowers and commercial lenders in India struggle with a steadily widening credit gap. This blog highlights the journey of a FinTech startup, Credochain, which assesses micro and nano enterprises for faster and better credit decision-making by capturing and analyzing their underlying business transactions and cash flows, among other parameters. In this blog, you will discover how Credochain has been building cluster-specific credit underwriting models for unserved or underserved businesses.

Almost 80% of India’s salaried population lives paycheck to paycheck. Many stay trapped in a debt cycle where they borrow to meet their expenses and repay the lender on payday. Flexi Salary’s “Instant Salary” system pays employees each workday, thus eliminating the need to borrow.

Entitled is a startup that works to build a one-stop platform for the financial needs of blue-collar employees in India. With an engine that recommends the right financial product starting from credit and insurance to savings, Entitled handholds customers to achieve their financial goals. The company’s efforts have resulted in a positive impact on its early customers. Read its success story here.

This blog, based on MSC’s three-phase study, explores the impact of COVID-19 on Indian FinTechs and various strategies that helped them survive and recover. It further provides recommendations for regulators and accelerators to support FinTechs holistically and sustainably.

This blog talks about the Financial Inclusion Lab accelerator program, which is supported by some of the largest philanthropic organizations across the world – Bill & Melinda Gates Foundation, J.P. Morgan, Michael & Susan Dell Foundation, MetLife Foundation and Omidyar Network.