"Empowering people to access the credit they deserve" is the goal of Inventure, a mobile credit platform that offers instant loans to those in developing countries. Instead of opting for traditional credit -- not common in most emerging markets -- the financial tech startup offers mobile money options that are accessible in seconds.
When signed up to Inventure, web users are given a timely credit score and are able to access money loans based on data that is collected by the company through mobile channels. Once their score is revealed, users are able to get access to credit without needing to book an appointment with their financial advisor.
In addition to being convenient and ideal for those living in developing nations, Inventure is also updated regularly, providing real-time credit scores for users.
Mobile Credit Platforms
Inventure Offers Instant Credit to Those in Emerging Markets
Trend Themes
1. Mobile Credit Platforms - Opportunity for fintech startups to offer instant credit to underserved populations in emerging markets.
2. Alternative Credit Assessment - Disruption opportunity for companies using mobile data and algorithms to provide credit scores in real-time.
3. Real-time Financial Services - Potential for mobile platforms to provide instant access to financial services and credit without traditional bureaucracy.
Industry Implications
1. Fintech - Fintech companies can leverage mobile credit platforms to tap into underserved markets and offer innovative financial solutions.
2. Mobile Banking - Mobile banking services can integrate with credit platforms to provide instant access to loans and credit for users.
3. Data Analytics - Data analytics companies can develop algorithms and tools to assess creditworthiness based on mobile data, opening up new markets for credit assessment.