- April, 2011
- Shivani Siroya
- Santa Monica, CA
- None, Enterprises
InVenture leverages mobile technology to create credit scores for unbanked individuals, empowering communities and businesses.
InVenture has built, distributed and monetized the first personal finance, credit scoring and licensing service for the underbanked in India, Kenya and South Africa. Founded in 2011 by an ex-investment banker and UN researcher, Shivani Siroya, InVenture has grown from a simple SMS-based money management tool into a suite of Android, voice, SMS and web apps for both the underbanked and the businesses that want to reach them. InVenture uses patent-pending algorithms to formalize financial identities and credit scores for individuals with no previous historical data. InVenture significantly reduces default rates and customer acquisition costs for the new generation of businesses seeking to serve the emerging middle classes. The company's purpose is to create a global 2-sided 24/7 marketplace of 1+ billion underserved individuals and the businesses that want to reach them.
To-date over 25,000 individuals have used... See More
Current Team (6)Update
Funding Rounds (1) - $1.20MUpdate
African Field Office
Indian Field Office
Santa Monica, CA 90401