MADCash is a fintech platform that provides Syariah-compliant micro-funding to unbanked and underbanked female micro-entrepreneurs, utilizing an alternative credit scoring system to enhance their access to financial services. By offering structured entrepreneurship development and financial literacy training, MADCash enables these women to improve their income and credit standing, fostering greater financial security for their businesses.
Funding
Funding not disclosed
Founders
Product
Problem
Many female-run micro-enterprises in Southeast Asia lack access to traditional financial services due to factors such as unregistered businesses, poor credit history, or lack of collateral. This limited access to capital hinders their ability to grow, impacting their income and financial security.
Solution
MADCash is a fintech platform that provides Syariah-compliant micro-funding, ranging from RM1,000 to RM5,000, to unbanked and underbanked women micro-entrepreneurs. The platform employs an alternative credit scoring system to evaluate applicants and enhance their access to financial services. In addition to funding, MADCash offers structured entrepreneurship development and financial literacy training to help women improve their business acumen and credit standing, with the goal of creating future bankability. By upcycling funds, MADCash aims to multiply the impact of traditional giving.
Target Audience
The primary target audience is unbanked and underbanked female micro-entrepreneurs in Southeast Asia.
Features
- Syariah-compliant micro-funding with 0% interest
- Alternative credit scoring system for assessing eligibility
- Structured entrepreneurship development programs
- Financial literacy training
- Digital financial inclusion initiatives
- Online application portal