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We started as a small project in 2006 by a team of three students at the University of Tokyo who shared a common desire to make real changes to the world outside of labs and classrooms.The name First Access indicates our primary aim to bring a First Access to electricity for disadvantaged African children living in rural and remote areas where national electrical grids or humanitarian agencies have not yet reached - or may never reach in any near future.Since our establishment, we have delivered over 1,000 solar lanterns to children in junior schools, daycare centres and orphanages in Uganda, Kenya, Sierra Leone, and other African countries.
First Access provides a credit scoring solution for microfinance institutions and other emerging market lenders using data from consumers’ prepaid mobile phone history to assess applicant creditworthiness.
PRODUCTS & SERVICES
Instant risk-scoring tool for financial institutions serving low-income customers by using analytic, algorithms
The company levy charge of $1.25 per transactions from lenders, to cover cost of data that is bought from carriers.
Retail commercial banks
Business payment platforms
The platform enables lenders to “go digital” with easy credit appraisal tools, it also offers sophisticated data analytics on credit risk, staff performance, and operations over time. It allows financial institutions to adopt Data Best Practices.
The company has covered 50 billion transactions and data points till now(Nov 2017).
First Access platform is now live for select financial institutions. This will be extended to other regions early next year(Nov 2017).
BOARD MEMBERS AND ADVISORS
Nicole Van Der Tuin
NUMBER OF EMPLOYEES
Nicole Van Der Tuin(CEO)
NUMBER OF FUNDING ROUNDS
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company is planning to use the fund for further development of the platform, as well as the strengthening and growth of the product, sales, and client success teams.
SEED & PRIOR FUNDING
SEED CLOSED ON
SEED PRIOR FUNDING COMMENT
An undisclosed amount raised in Jan 2015.
SERIES A · $7 M · Nov 2017
Debt financing: $1.5 M(Jan 2015)
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