HerVest provides a digital finance platform focused on delivering savings, investment, and loan products specifically for African women. Users can access low-risk investment opportunities, often tied to agricultural value chains, while earning competitive annual interest rates. The platform also integrates financial literacy resources to support users in managing and growing their capital effectively.
Funding
Funding not disclosed
Founders
Product
Problem
Women in developing economies, particularly those in agriculture, face significant barriers to financial inclusion, limiting their access to savings, investment opportunities, and credit. Traditional financial institutions often overlook or underserve this demographic, hindering their economic empowerment and potential for growth.
Solution
HerVest is a fintech platform designed to bridge the financial gender gap by providing women, especially smallholder farmers and women-led businesses, with access to tailored financial solutions. The platform offers savings and investment tools that enable women to grow their capital, along with access to low-risk impact investment opportunities that support other women in their communities. HerVest also delivers financial literacy resources to empower women to make informed financial decisions and promotes community-based support to foster financial inclusion. By providing a user-friendly mobile app and leveraging USSD technology, HerVest ensures accessibility for women with varying levels of digital literacy and connectivity.
Target Audience
HerVest primarily targets women in developing economies, with a focus on smallholder farmers, women-led businesses, and other underserved women seeking access to financial services and economic empowerment.
Features
- Digital savings accounts with options to set specific financial goals
- Impact investment opportunities focused on supporting female farmers and women-led businesses
- Financial literacy resources, including in-app content and community workshops
- Mobile app with a user-friendly interface, available on iOS and Android
- USSD-based access for users with basic mobile phones and limited internet connectivity
- Community-driven approach that leverages social networks and group savings models
- Automated savings plans with options for recurring deposits
- Secure platform with funds held in trust by a trustee firm