The debate over data security is raging in many industries. In microfinance, a tech entrepreneur has developed a solution to improve the data security component in microfinance institutions.
Fluid is a digital solution developed by a young Ghanaian startup. It allows field agents of microfinance institutions to collect data more quickly and efficiently. The Accra-based start-up was founded in 2021 by Moustapha Seck.
“With Fluid’s software, payment collections and account creation are now fully digital and video-traceable. This lets microfinance clients know that their money and data is safe with you,” indicates the platform.
The microfinance agents are thus equipped with the software to better carry out the work in the field. To convince potential customers to subscribe to the services offered, the fintech has concocted educational videos and other types of equally educational content to help everyone understand the concept. Also, the solution is designed to be used completely offline to allow field agents to reach remote communities and provide financial services.
In October 2022, Fluid was selected, along with five other Ghanaian start-ups, to participate in the first cohort of the MEST Express accelerator focusing on sustainability. The program will last twenty weeks and start-ups have received $5,000 for grant fees.
Adoni Conrad Quenum
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