Microfinance for the mobile generation
What is Asaak?
Consumers want easy access to credit. Investors want to strengthen their revenue stream. With advanced mobile technology and a community-based approach, Asaak provides both--bridging the gap between lender and borrower with a comprehensive lending marketplace.
Shape the future of the developing world with accessible and personalized mobile banking. Our convenient, intuitive platform connects investors and financial institutions with entrepreneurial customers, instantly evaluating borrowers to manage and limit risk. Users can also get the latest financial tips and information through our mobile app, encouraging responsible spending.
The world is evolving, and so is microfinance. At the forefront of this new wave of financial technology solutions, Asaak leverages skyrocketing smartphone usage to provide accessible, affordable banking for emerging markets.
how it works
You create an Asaak account and answer a few loan-specific questions.
Asaak makes a credit decision based on data in your smartphone including SMS, GPS, social networks and mobile money services.
Once the loan is approved and terms explained and agreed upon, Asaak sends the funds into your mobile money account instantly.
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