Start up details
About the startup
In sub saharan Africa, traditional credit providers such as banks & microfinance institutions and alternative credit providers such as Telcos, shopping stores, payment firms, utility firms are losing out on Billions of Dollars of interest income due to their failure to fully provide credit to the unbanked and the underbanked persons and businesses.
This is mainly because the traditional credit scoring and loan processing approaches are more appropriate to the banked, who form the minority of sub-saharan population.
Weza is a B2B fintech firm that enables financial institutions and other alternative providers of credit facilities (Telcos, payment firms, utility firms, shopping stores etc) to maximise their interest income by profitably providing credit to the unbanked and underbanked market segment, through our lending infrastructure.
We utilise 10s to 100s of alternative data points to generate dependable credit scores and conduct fraud mitigation checks of the unbanked and underbanked persons and businesses, and provide accompanying lending platforms for loan processing, collections and portfolio optimisation.