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DateInvestorsAmountRound
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N/A

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$150k

Seed

$50.0k

Convertible

N/A

Seed

$1.0m

Seed
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$500k

Seed
Total FundingCAD2.3m

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FinAccess is a software company specializing in the development of advanced financial technology solutions aimed at supporting the growth and scalability of non-traditional financial institutions. These institutions include microfinance institutions, SACCOs (Savings and Credit Cooperative Organizations), cooperatives, and Chamas (informal cooperative societies).

FinAccess leverages cutting-edge Cloud Computing Technology (CCT) to ensure system uptime, scalability, disaster recovery, and the flexibility to operate from any location. This technology backbone allows financial institutions to process transactions seamlessly, manage deposits, credit processing, and loans without the constraints of time or location.

The company's business model revolves around providing robust core banking systems that enhance financial security and operational efficiency for its clients. By offering these systems, FinAccess helps institutions maintain comprehensive financial statements, which are crucial for personal financial management and determining eligibility for loans or mortgages.

FinAccess generates revenue through the sale and implementation of its software solutions, as well as ongoing support and maintenance services. The primary market for FinAccess includes emerging economies where non-traditional financial institutions play a significant role in providing financial services to underserved populations.

Keywords: Cloud Computing Technology, microfinance, SACCOs, cooperatives, Chamas, financial systems, scalability, disaster recovery, financial security, core banking.

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