Ndewo provides a platform that utilizes international financial data to generate credit reports, enabling migrants to access essential financial services such as loans, credit cards, and housing opportunities without traditional credit checks. This approach addresses the challenge of financial invisibility for newcomers, facilitating their integration into new markets and improving their access to necessary resources.
Funding
$39.4K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Migrants often lack a credit history in their new country, preventing them from accessing essential financial services like loans, credit cards, and mortgages. Traditional credit checks do not account for international financial data, leaving newcomers financially invisible and hindering their integration.
Solution
Ndewo provides a platform that leverages international financial data to generate credit reports for migrants, enabling them to access financial products and services. By creating a financial footprint using data from their country of origin, newcomers can overcome the limitations of traditional credit checks. Ndewo facilitates access to student loans, rental and mortgage opportunities, and credit cards, empowering migrants to build a better financial future in their new home. The platform allows businesses to assess customer creditworthiness and verify employee details, while individuals can access their credit report and financial health report.
Target Audience
The primary target audience includes migrants seeking access to financial services in a new country, as well as businesses looking to assess the creditworthiness of international customers or verify employee details.
Features
- Generation of credit reports using international financial data
- Access to student loans, credit cards, and rental/mortgage opportunities
- Mobile application for individuals to create accounts, link financial data, and access reports
- Platform for businesses to assess customer creditworthiness and verify employee details
- Financial health report providing insights into personal finances
- AI-enabled financial learning tool
- Gamified finance management features
- Spend overview functionality