Innovation in Finance: Sokowatch and Turaco improve financial resilience for East Africa’s underserved
Published on May 4, 2020
Project: Catalyst Fund
How Sokowatch and Turaco provide a safety net for the underserved in East Africa: #InnovationinFinance documentary series
This video was produced with BBC Storyworks as part of the Innovate Finance #InnovationinFinance series, highlighting impactful fintech solutions from around the world. View the full series here.
In East Africa, though mobile penetration and financial inclusion are on the rise, many still lack the financial tools they need to improve their financial lives. Catalyst Fund works with innovative fintech startups like Turaco and Sokowatch, in emerging markets globally, to support fintech innovations that can improve the financial health and financial resilience of underserved individuals and MSMEs.
Told through the perspective of the customers they’re designed to serve, learn more about micro-insurance startup Turaco, who works to provide affordable and accessible insurance for the underserved in Kenya and Uganda, and Sokowatch, an e-commerce and credit platform for informal retailers.