FinTech companies are changing how people bank and manage transactions to level the playing field and increase financial inclusion for those without deep pockets. KivaKiva is a nonprofit that expands financial access and inclusion to underserved communities worldwide through crowdfunded microloans. Globally, more than 1.7 billion people don’t have access to the financial services they need, including basic banking and lending solutions. Leveraging digital assets and distributed ledger technology (DLT), the company seeks to transform how these unbanked and underbanked populations access essential financial services. Digital identity, for one, is a global issue—more than 1 billion people lack any form of formal identity, preventing access to financial services.

Source: Forbes December 18, 2020 19:18 UTC