First Access is a financial technology company founded in 2011, with headquarters in New York City and an Africa regional office in Dar es Salaam, Tanzania. The company's mission is to turn data into financial opportunity for everyone, specifically focusing on emerging markets. First Access offers a smart data platform and custom mobile apps to enable micro and SME lenders to make faster and stronger credit decisions, even for customers with no credit history, internet access, or mobile phones. The company's platform provides an intuitive user experience for digitizing paper-based operations and connecting to external data sources via API, enabling lenders to collect rich data, monitor trends, and automate processes, ultimately designing and managing their own credit algorithms. First Access has seen success in leveraging its credit scoring experience to enable incremental change without disrupting day-to-day operations for financial institutions. This allows lenders to grow more sophisticated with data at their own pace, incorporating machine learning insights as they progress. Notable investors such as Colle Capital, The Impact Engine, The Social Entrepreneurs' Fund, Bamboo Capital Partners, and 500 Fintech have recognized the potential of First Access, participating in the last Series A investment of $7.00M on 20 November 2017. The company operates within the realms of Analytics, Finance, Financial Services, Fintech, and SaaS. First Access is poised to drive the future of lending through its data-driven approach, providing lenders with the tools to make significant strides in their credit decision processes, ultimately shaping the landscape of financial opportunity in emerging markets.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A | $7.00M | 5 | The Social Entrepreneurs Fund (TSEF), 500 Fintech | 20 Nov 2017 |
Angel Round | Unknown | 1 | 25 Apr 2017 | |
Venture Round | Unknown | 1 | Bossanova Investimentos | 22 Feb 2017 |
Debt Financing | $750.00K | - | 08 Aug 2016 | |
Venture Round | Unknown | 1 | 31 Dec 2015 |
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