Mobile Banking Solution
For Female Entrepreneurs
Building a banking app tailored for small business owners to help them grow and thrive.
Today about 980 million women still have no access to financial services - which makes 56% of all unbanked adults globally. This means that their money is not protected, they have no access to savings or checking accounts, and they are unable to receive loans, get insurance or life assurance. What is more, those without an account, tend to be concentrated among poorer households.
Bringing more women into the financial system historically leads to financially stronger families, communities, and business sectors — which together catalyze and sustain a stronger overall economy. With modern technology solutions it’s possible to give women products that make financial services easier, safer and simpler.
Our client is an ambitious Fintech startup in Singapore that is fueled by the idea to empower entrepreneurial women with a user-centric mobile banking solution. Their mission is to support underbanked women worldwide by giving them access to financial services. With this solution, women will receive the ability to open accounts, receive loans, launch impactful, enterprising ideas and grow their businesses.
The client was looking for a provider to handle custom development of the banking application and applicable integrations. While the plans are to launch the solution in many regions across the world, the scalability over time is a one of the most critical aspects.
The client partnered with Velmie to build an end-to-end product for the specific markets and audience. Velmie provided a team of developers with the related background in banking and finance to build the mobile app following the idea and product concept of our client.