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Fig Finance's mission is to build the structures that will allow small business owners globally to become financially independent, allowing them to thrive and not just survive.
Fig Finance is aiming to bridge the credit gap for small-medium-enterprises (SMEs) in emerging markets. They are doing this by leveraging data collected by companies that serve these businesses, in turn using it to connect SMEs with global capital.
Finding ways to better finance SMEs in emerging global markets has long been a hot topic, discussed at length by the likes of the World Economic Forum and the World Bank. The major sticking point has always been reliable data however, which until recently hasn’t been easy to source.
By filling this gap, Fig Finance look well set to tap into the large, growing market. They are in early stages, yet have an impressive founding team, with experience including multiple exits, raising hundreds of millions for previous companies from investors such as Goldman Sachs and the World Bank, and acting as CEO at an emerging market digital bank with $500m+ AUM.
Steph
Company Specialist at Welcome to the Jungle
Oscar Price
(Co-founder)Director & Global Head of Innovation at CNN, founder of Raft Research, a company which builds predictive models for financial markets using social media data. Founding Board Member of learning Saas Synap.
Akinseye Akinola
(Co-founder)Harvard Business School Graduate. Managing Director of Tangerine Money Africa, former Executive at Standard Bank Group (South Africa), and former Senior Associate at Vantage Capital South Africa.
Obi Ozor
(Co-founder)Co-founder of pan-African 3rd party logistics company Kobo360. Former Uber Operations Coordinator, and former Investment Banker at J.P Morgan.
George Johnston
(Co-founder)Former Innovation Lead at CNN. Co-founded / founded urban innovation company Nitrous, fast-growth startup scouting company Swiftscale, as well as Technology ecosystem builder Tech City Ventures.