
Yabx is a fintech startup that helps financial institutions to provide credit for underserved segments of the population.
Yabx aims to simplify financial access to the un-banked in emerging markets such as Africa, Asia, and Latin America using mobile phones. Yabx was incubated in December 2017 within Comviva, a company which provides technology solution and services focused on the mobile operators and banks. The one vantage point which the startup had was access to data, especially from the telecom operators and wallet providers, given the heritage and business of parent company – Comviva. Yabx also did not restrict itself to just telecom data as it sourced other information from things like payment gateways, point of sale (PoS) and government data, etc. Given this wealth of information, the startup went about creating the behavioural models, which it could provide to the banks to identify good quality borrowers. Currently, it has created models in four areas: micro and small consumer loans; agent loans, which provide quick and unsecured working capital loans for mobile money agents; handset loans for the purchase of new phones; and airtime credit, which is all about recharge services.
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