Fintech firm takes biometric microfinance tool to Uganda
11 August 2015 13:55 GMT

Awamo, a fintech firm firm formerly known as BCB Biometric Credit Bureau, has revealed that it is taking a biometric microfinance solution it has developed to Uganda thanks to $550,000 it has raised in Series-A funding.

Awamo has developed a mobile, cloud based hard- and software solution for microfinance lenders in emerging markets to simplify the credit management process. The firm says that reliable biometric identification increases the solution’s capability to promote financial inclusion while preventing graft.

“This [solution] empowers millions of people to create their own micro-businesses, thus stimulating sustainable, regional economic and social development,” the company stated.

The firm’s solution includes a Mobile Office which consists of a tablet PC with fingerprint scanner and awamo’s Mobile Office app enabling field and front office staff to digitally document any client interaction.

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