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awamo is a next generation biometric banking platform and credit bureau for microfinance in Africa.
awamo enables microfinance lenders (MFIs) in Africa to digitize their business operations with minimal cost and effort by providing a mobile SaaS-solution with integrated biometrics.
awamo creates a unique database with valid personal and financial data on Africa’s future middle class, thus becoming part of the financial and business infrastructure.
The market has 53m microfinance clients with a potential of ~EUR 1bn and grows at 23% p.a. The business model does not incur any lending risk.