At FairMoney, one of our core values is making sure that we give underbanked people in emerging markets access to financial services they otherwise have no access to. One way we do this is by providing people with credit facilities that can help build and sustain their businesses.
On the 3rd of August, we launched a version of our product in India. Since the launch, we have disbursed more than a thousand loans in the country. Our service is fully integrated with key financial players in India and we currently work with India’s Credit Reference Bureau, Transunion CIBIL to make the best credit rating decisions possible.
Right now, anyone in India can apply for a loan with FairMoney, as long as they have an Android phone, their Aadhaar card, PAN number, and a working bank account. FairMoney is aiming for the moon, but first, we will take over the world and make finance easy for everyone.