While 3.9 billion, or 68% of adults worldwide are underbanked due to a lack of financial history, 83% of adults have mobile phones that are generating valuable data every single day. Juvo partners with MNOs and using it’s Financial Identity as-a Service (FiDaaS) platform, takes the everyday mobile transactions of consumers to build a financial history for consumers. Juvo augments this data by progressively lending directly to consumers so they can build a credit history. As a result, MNOs are benefitting from increase revenues from their core business while creating new revenue streams through financial services partnerships.
“Very impressive novel concept and highly efficient execution, an outstanding example of how mobile financial services can make a real difference to people’s lives – a true innovation that is already having a big impact.”
3d. Best Mobile Innovation for Payment and Fintech
Senior Research Consultant
Global Head of Digital Consumer Research