Many bank branches are expensive and inconvenient to low-income neighborhoods.
Traditional credit scores exclude people who don’t have complete financial histories.
Without a credit score, thin file applicants are too risky and expensive for lending.
With most banks, middle men increase the cost of each transaction.
Money is accessible through an easy-to-use mobile app and at physical retail locations.
Creditworthiness can be calculated for people using phone data and in-app activity.
Machine learning generates alternative credit scores using data science.
Consumers and businesses are directly connected.
With banQi, a new free and flexible digital account for all Brazilians, including the 50 million not served by traditional banking establishments.
By lending money to underserved micro-entrepreneurs for the purpose of starting or building sustainable businesses.
Digitally transforming financial systems that are high cost, high touch, and inaccessible by the underserved