Fintech firm takes biometric microfinance tool to Uganda
Tuesday, August 11, 2015
Awamo, a fintech firm firm formerly known as BCB Biometric Credit Bureau, has revealed that it is taking a biometric microfinance solution it has developed to Uganda thanks to $550,000 it has raised in Series-A funding.
Awamo has developed a mobile, cloud based hard- and software solution for microfinance lenders in emerging markets to simplify the credit management process.
The firm says that reliable biometric identification increases the solution’s capability to promote financial inclusion while preventing graft.