Startup Of The Week

Startup Of The Week: Yabx

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Article summary:

India’s Yabx has created financial behavioral models based on AI and machine learning which can be used by telecom operators, banks and financial service organizations to provide credit to the over 2 billion unbanked or underserved customers in Asia, Africa, and Latin America. It is one of five finalists in an Impact startup competition organized by 4YFN, the startup event of Mobile World Congress, which is taking place in Barcelona  June 28-July 1. Yabx, which will be pitching at 4YFN, says it has created credit scores for some 150 million creditworthy yet underserved borrowers across 15 countries. It processes more than 100 billion data records each month. Customers include telecom operators Airtel, Axiata, America Movil, Orange and more than 10 regional banks and microfinance institutions.

About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.