Yabx

We are building sustainable credit ecosystems in emerging markets.

[Yabx @Tech_Yabx]

How did we do it?

Watch this episode of Tech Behind Debt, where our Chief Risk Officer, George Thomas, takes us through the technicalities of managing healthy portfolios and a successful business in CREDIT.

https://t.co/5ZPQkij8QH

[Yabx @Tech_Yabx]

This pillar is the most developed and owns rich customer data that digital lending players like us can leverage in order to simplify financial services to the underbanked.

[Yabx @Tech_Yabx]

To sum up these four pillars are necessary to build a strong business case for lending.

But in Africa, we've built a profitable business in the absence of three of the four main pillars.

[Yabx @Tech_Yabx]

This mobile wallet which comes handy with the network connection acts like a mini bank account. Individuals top up some money in the account and use it for making transactions.

[Yabx @Tech_Yabx]

In Africa, the credit infrastructure is not broken.

And that's because it has not been built to begin with.

There are four pillars to a cred-infra which is absolutely necessary for a lending business to be viable.

[Yabx @Tech_Yabx]

d) The emergence of telecom and wallets:

This area of financial services is incredibly vast and successful in Africa. The majority of the population may not have a bank account or smartphone, but they have a mobile connection and phone agnostic mobile wallet....

[Yabx @Tech_Yabx]

c) Digital Transactions:

The more online transactions, the better. Unfortunately, even this pillar is at a nascent stage.

"GSMA data...in Sub-Saharan Africa shows that smartphone adoption is currently at 51%....has the highest usage gap...680 million people unconnected."

[Yabx @Tech_Yabx]

b) A strong credit bureau:

Some countries in Africa like Nigeria, Kenya have stronger bureaus but most of them don't. The absence of a credit bureau takes away the potential insight a bank could have while lending to an active banking customer.

[Yabx @Tech_Yabx]

...security of a bank account, credit card or lending facility.

Now, we all know the drill of what happens when our credit card gets maxed out. Life becomes restrictive. And then in that same world, there are millions who don't even know about a credit card.

[Yabx @Tech_Yabx]

These are the four pillars:

a) Strong banking penetration: the ability to understand the customers from the way they transact through their bank account.

According to Africanenda, 350 million financially excluded adults in Africa live cash to cash without the...

[Yabx @Tech_Yabx]

The key challenge in Africa is not to provide credit but to make the activity of lending sustainable for all parties be it the bank or the borrower.

...and this is where the problem starts.

[Yabx @Tech_Yabx]

Building a profitable lending business in Africa is tricky and yet we've built one successfully. Here's how:

[African Banker magazine @BankerMagazine]

The cutting edge at scale? These nominees for Fintech of the Year at the African Banker Awards 2024 are doing it!🌏

Valu
@theflutterwave
@InclusivitySols
@JUMO_WORLD
@ProfitShare1
@Tech_Yabx

Join us to celebrate fintech excellence in Africa: https://t.co/eetOtqknDI

[Yabx @Tech_Yabx]

Prepping for the Fintech World Cup Finale at the Dubai Fintech Summit.
#DubaiFintechSummit2024

[Yabx @Tech_Yabx]

What makes a country stable? Episode 2 of Tech behind Debt answers so impressively.

https://t.co/9sIRCDAa3A

[Yabx @Tech_Yabx]

What percentage of people are financially excluded in Uganda?

[Yabx @Tech_Yabx]

We're so proud of this woman. 🤌

[HiPipo #IncludeEveryone #LevelOneProject @hipipo]

2024 Top 100 #WomenInFinTech 👇👇

24. @nanphour (Ugandan): Wendy manages Yabx Uganda and was previously with Kuda Bank (Uganda). She holds a degree in accounting and finance and has experience in project management and strategic planning. | https://t.co/JPd2Z7vy8k

#LevelOneProject #IncludeEveryone

[Yabx @Tech_Yabx]

you know what's refreshing about our podcast? It's neither by a white guy, nor about a white guy.

#techbehinddebt #fintechpodcast

[The Fintech Times @thefintechtimes]

The partnership will see @tech_Yabx leverage the business data from @PayCliq and use AI/ML algorithms on its #cloud powered digital #lending platform. In doing so, it will build #creditscores and personalised #credit limits https://t.co/U1bLdk3g1V

[Yabx @Tech_Yabx]

"Money is coined freedom" - Dostoevsky