InVenture Helps Entrepreneurs in Developing Countries
Rebecca Byers — September 4, 2012 — Social Good
References: inventure.org & unreasonableinstitute.org
InVenture is a global social enterprise that leverages mobile technology to create credit scores for individuals who lack access to formal financial services. Based in Santa Monica, California, InVenture was founded in April 2011 by Shivani Siroya and provides micro-financing and credit scores through mobile phones.
InVenture seeks to lift communities out of poverty, targeting micro entrepreneurs through the use of its online platform, which allows one to chose which micro business to invest in, helping them get to the next level.
InVenture's overall mission is centered in its interest in revolutionizing the financial services sector in emerging markets. The platform aims to be serve as a global marketplace for micro-investment and enable everyday individuals to invest in small businesses from under-served communities.
Contact Information
InVenture website
InVenture Fund on Facebook
InVenture on Twitter
InVenture seeks to lift communities out of poverty, targeting micro entrepreneurs through the use of its online platform, which allows one to chose which micro business to invest in, helping them get to the next level.
InVenture's overall mission is centered in its interest in revolutionizing the financial services sector in emerging markets. The platform aims to be serve as a global marketplace for micro-investment and enable everyday individuals to invest in small businesses from under-served communities.
Contact Information
InVenture website
InVenture Fund on Facebook
InVenture on Twitter
Trend Themes
1. Mobile Micro-financing - InVenture leverages mobile technology to provide credit scores and micro-financing to individuals who lack access to formal financial services, offering opportunities for companies creating mobile financial services in emerging markets.
2. Micro-investment Platforms - InVenture allows individuals to invest in small businesses from under-served communities, highlighting the potential for platforms that support decentralized investment decision making.
3. Revolutionized Financial Services - InVenture aims to revolutionize financial services in emerging markets, creating opportunities for those developing innovative technologies that provide financial services to under-served communities.
Industry Implications
1. Mobile Financial Services - InVenture's use of mobile technology to provide financial services to under-served communities creates new opportunities in the mobile financial services industry.
2. Micro-lending - InVenture's focus on micro-lending to entrepreneurs in developing countries highlights the potential for growth in the micro-lending industry.
3. Socially Responsible Investing - InVenture's mission to lift communities out of poverty through micro-investment creates a market opportunity for those providing socially responsible investment options.
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