Oradian has built a cloud-based core banking solution for microfinance institutions. Their core offering Instafin includes key banking functionalities of accounting, security, administration, loan portfolio management, deposit tracking. They are also creating an ecosystem (marketplace) for financial inclusion technology connecting third-party vendors with their customers catering to specific requirements.
PRODUCTS & SERVICES:
Banking as a service platform for micro-finance institutions.
Saas platform Instafin is used by banks and financial institutions to provide banking services over cellular networks where other infrastructure is lacking or in poor condition.
Onyeka Adibeli, Julian Oehrlein, Andrew Mainhart, Antonio Separovic
Board Members and Advisors:
Andrew Mainhart, Bozidar Pavlovic, Brigit Helms, Jaroslav Trojan
NUMBER OF EMPLOYEES:
Finance in Motion, Credo Ventures, CRE Venture Capital, Day One Capital, Playfair Capital, Esther Dyson, Moaffak Ahmed, Pule Taukobong, Middleton Enterprises
It has claimed a client base of 489,000 end users till now(Feb 2018).
DATE OF LAST FUNDING:
TOTAL FUNDING COMMENT:
The company is planning to use the funds to expand its business reach(Feb2018).
SEED PRIOR FUNDING COMMENT:
An undisclosed amount raised in seed round in Oct 2015.