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L-Pesa Microfinance is a fintech startup poised to take advantage of the fast- growing need for financial services in the developing world.
L-Pesa Microfinance is the fintech startup on the front line of the financial services movement in the developing world. A pioneer poised to take advantage of a mushrooming need for microfinance, the company has validated its operating model over the past 18 months and built sophisticated technology, automating most operation.
It’s only barrier to growth at this point is its lack of resources to meet the need for funding more user acquisition and loans. The loss ratio on loans runs below 10% while return on loans is approximately 25%.
Microfinance boasts a history—centuries-long and worldwide—of answering a fundamental demand. The concept of microfinance isn’t new. However, L-Pesa microfinance most certainly is. Traditional microfinance has limited reach, and solutions have been targeted towards poor farmers and small business owners— completely overlooking others in need that represents 42% of the world’s population.
L-Pesa has harnessed these market forces and built technology and a proprietary credit scoring model that allows it to quickly scale microlending in developing countries while keeping loss ratios below 10%. The solution is highly automated, allowing a small back office team to support high volume loan origination. All loans are serviced by L-Pesa.
L-Pesa Token
A Token to Revolutionize Microfinance
L-Pesa is powered by the L-Pesa token. By utilizing the token, users will:
-> have access to credit
-> build their credit score
-> be able to pay fees
The more people utilize the L-Pesa token and network, the greater the benefit they receive - a truly virtuous cycle.
Platform
L-Pesa is a financial technology platform providing new financial tools to consumers and small businesses in Africa and Asia.
Microloans
Microloans, the first tool on the L-Pesa platform, allow users to start or grow a business, pay for education, or otherwise support their ambitions in life.
| Round | Token Price | Bonus | Min / Max Purchase | Soft Cap | Hard Cap |
|---|---|---|---|---|---|
|
Public sale —
Ended
18 Apr 15:00 UTC 10 May 15:00 UTC |
0.04 USD | No | - | Uncapped | 52,000,000 USD |
|
Pre-sale —
Ended
18 Mar 15:00 UTC 09 Apr 15:00 UTC |
0.04 USD | 50% | - | Uncapped | Uncapped |
L-pesa Microfinance was launched in January 2014. The idea was finally was finally put into practice.
Tanzania operation launched, registered as L-pesa Microfinance.
Kenya operation launched in August 2017. The company operates as "L-pesa Loans and credit limited.
