Micro SME Pathway to Formality: Ethical Digital Finance

Micro SME Pathway to Formality: Ethical Digital Finance – Keynote delivered by Wayne Hennessy-Barrett, 4G Capital at Africa Tech Summit Nairobi 2023.

4G Capital employs over 1000 employees across Kenya and Uganda. Since its inception in 2013, the company has loaned almost 2.4 million unsecured working capital micro-loans valued at nearly $320m. The company has over 300,000 clients, 75% female, and 65% in rural areas.

4G Capital clients receive customized business training and credit guidance through a hybrid ‘touch-tech’ approach that incorporates blending human interactions with tech.

Their unique machine-learning technology delivers high-fidelity insight into client risk and affordability. Consistently achieve market-leading collection rates without collateral or refinancing, only serving viable businesses on terms that are right for them, with clients increasing revenues by an average of 82%.

Having positively impacted almost 4 million people and received multiple industry awards, 4G Capital is now scaling and expanding its range of products and services in East Africa. As Africa’s top-scoring financial B Corporation, 4G Capital champions the creation of shared value and was recently listed among the Top 10 B Corporation Financial Service providers worldwide.