MaTontine Senegal
Country: Senegal
City: Dakar
Stage: rev
Industry: Financial Services: Fin Tech
MaTontine provides access to small loans and a range of financial services like micro-insurance to the poor in Francophone Africa.
The complex problem is: how do you lend $100 profitably and at scale to the poor. The banks and MFIs can't do it with their cost structure.
We use mobile phones and our platform to digitize traditional savings circles, thereby reducing the cost of borrowing by more than 75%.