5 Digital finance solutions to support women, youth-led MSMEs

Five market-ready digital financial solutions designed to expand access to finance for women entrepreneurs and youth-led Micro, Small and Medium Enterprises (MSMEs) across Ghana have been showcased at an event in Accra.

Fido, a mobile lending app, for its part, is developing a digital lending product designed specifically for small businesses; Adehyeman Savings and Loans, in partnership with Oze, a Ghanaian fintech start-up specialising in digital recordkeeping and financial services for MSMEs, is introducing rural savings and loan products supported by digital credit scoring technology; Mobile Money Limited is developing merchant services and digital bookkeeping solutions for MSME agents; Solis Finance is building a digital savings and loans platform targeting informal enterprises while Opportunity International is expanding microfinance products tailored for women and youth-led businesses.

Held in commemoration of Micro, Small and Medium-sized Enterprises (MSMEs) Day, the event, themed “Beyond the Blueprint: Putting Digital Finance to Work for MSMEs,” brought together donors, investors, and financial service providers.