361 by FINCA

361 by FINCA is reimainging microfinance. The 361 platform makes economic prosperity accessible to low-income entrepreneurs by enabling low-cost solutions that help people seize opportunities and build their financial health.

In the last decade, significant progress has been made towards financial inclusion. Yet, more than 2 billion adults globally lack financial health, which means they are unable to participate fully in their local economies and build secure, resilient futures. Smallholder farmers, families on the margins, and microentrepreneurs face the most significant obstacles to achieving financial health.

Our platform offers a new way to create a 360° view of customers to better understand their financial health needs at scale and offer personalized 1-to-1 solutions to improve their livelihoods and build resilience.

0 %

of the world now has access to a bank account ?

0 billion

people globally lack financial health ?

The Problem:

Financial services providers (FSPs) have struggled to meet the financial health needs of their low-income customers, resulting in a lack of solutions that help customers thrive.

Inflexible, Unresponsive Products and Services

Inefficient Operations

Inability to Mobilize Data

The 361 Solution:

361 by FINCA’s platform leverages modern tech architecture – smart contracts, events, APIs – to enable new levels of configurability and efficiency at the same time. We empower financial service providers to deliver flexible, integrated products and services specifically designed to meet the needs of low-income customers.

FLEXIBLE, RELEVANT PRODUCTS AND SERVICES

Tailored financial products designed for low-income customers

Built-in nudges to encourage good financial habits

Embedded development finance offerings to support long-term growth

…Enabling a holistic approach to supporting economic resilience

EFFICIENT OPERATIONS

Automated workflows

Re-imagined team roles and structures

Leveraged third-party infrastructure

Smart prospecting and time management

…To reduce the cost-to-serve and scale impact further, faster

A woman and a boy look at a phone that provides them with weather forecast data from Ignitia

REUSABLE DATA

Continuous credit worthiness assessment

Built-in impact tracking and testing

Ongoing product A/B testing

Mission monitoring

…To support long-term financial independence

The Opportunity:

361 enables microfinance institutions to solve the real financial barriers microentrepreneurs have in accessing economic opportunity and building financial health