Tuesday
August 15
2017

How AinFin is tackling poverty around the world by increasing access to financial services

A fintech company based in Canary Wharf is working to alleviate global poverty by increasing financial inclusion.

AinFin , based in One Canada Square’s tech hub of Level39 , is inspired by the idea that individuals, communities and countries cannot improve their economic standing without proper access to financial services.

The company was founded in June 2016, and rolled out its Swifin e-money platform to Uganda in November where it works with communities which do not have access to banking – the “unbanked” – to help them save, transfer and withdraw money.

AinFin’s chief executive and co-founder Dr Joy Braun was born and raised in the Philippines before moving to Europe and said she has always been aware of the important role financial services could play in improving life in developing countries.

She said: “If you look at the world, there are about two and a half billion people who are unbanked. In the continent of Africa, about 85% of the population is unbanked.

Source: The Wharf (link opens in a new window)

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Tags
cashless, financial services, global development, mobile money, unbanked