Financial services
Financial inclusion is vital for a future without poverty. Goodwell invests in financial technology and innovations contributing to a more inclusive financial ecosystem, making essential services like savings, payments, insurance, and loans available to underserved people and communities.
Financial services
portfolio companies
Meet the financial services companies in our uMunthu I and uMunthu II portfolio.
Our investment focus
Bringing banking to everyone
In sub-Saharan Africa more than 50% of adults are still unbanked. Most of these people are female and/or poor, reflecting the inequality of Africa’s economy. Goodwell wants to reduce the barriers to economic participation this population faces. One focus area is mobile money: it offers huge opportunities for growth and is a practical alternative to standard banking – to create an account, all you need is a phone.
Improving financial wellbeing
Businesses and households need fair, affordable financial services to improve their financial wellbeing. Formal savings accounts, for example, can improve access to housing and education; and insurance policies provide financial stability in the face of unforeseen circumstances. Goodwell’s investments in the financial sector go beyond enabling easy transactions: we want to ensure that everyone has the ability to build a better future.
Using fintech to speed development
Digital technology is driving the growth of financial inclusion in Africa. It allows the continent to “leapfrog” certain stages of financial development, maturing more quickly to overcome infrastructure limitations, enable easy payments and transfers, and facilitate cross-border transactions. Goodwell invests in fintech that improves affordability and accessibility of financial services for individuals and small businesses alike.
Expanding access to credit
Small businesses are important drivers of economic growth, especially in Africa: sub-Saharan Africa alone has an estimated 44 million micro-, small-, and medium-sized companies. Despite this, SMEs are not well-served by traditional banking and microfinance institutions, creating a major gap in the market. We invest in innovative companies that close this gap and help small businesses grow and thrive.
Related articles
Read the latest news about our work in the financial inclusion space:
Goodwell's other focus sectors
Learn more about our other investments focus areas, including agriculture, mobility and logistics, and other high-impact sectors.
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