The Finequs Vision.
While the financial services industry has made
great progress, there are still great
limitations to the way financials services are
distributed. This is one of the key reasons that
only 10% of our country’s population has access
to formal credit.
Access to financial services should be
simple… It isn’t…..
People struggle to find the financial assistance
they require. Unserved due to the lack of reach.
Unserved due to the lack of options, not knowing
that when one lender says no, there may be
others who would happily lend. Unserved due to
small ticket sizes. Unserved because of the
inability of systems and processes to match
customer profiles with risk appetites and
lending models. Many are unable to enter the
financial services mainstream because they are
not in the distribution mainstream. When in
need, they don’t know where to go or how to go
about it. Unreached because it is so
inconvenient. Unserved mostly because
distribution systems are legacy despite
processing systems having turned digital.