Kredits, a US-based technology provider to microfinance institutions (MFIs), recently announced that it is providing a “multi-jurisdictional regulatory compliance software solution” to unnamed MFI clients in Kazakhstan, Brazil, India and Madagascar. The product is soon to be made available to additional countries in Southeast Asia and Africa [1]. The software enables MFIs to build and electronically submit customized financial reports to meet the increasingly complex monitoring requirements of local regulators.
Kredits, established in 1998, provides technology and business process engineering solutions to MFIs in approximately 30 countries on five continents as of 2011. Financial data on Kredits is not available.
By Nisha Koul, Research Associate
About Kredits: US-based Kredits, established in 1998 by Don Eggert and Nancy Schmaus, provides technology and business process engineering solutions to microfinance institutions in approximately 30 countries on five continents as of 2011. Kredits products support MFI operations such as microcredit, savings, microinsurance, equity and other financial instruments. Financial data on Kredits is not available.
Sources and Additional Resources:
[1] Kredits, Press Release, “Kredits Introduces Microfinance Industry’s First Regulatory Compliance Software Solution,” http://www.kredits.com/press-releases/kredits-regulatory-compliance
MicroCapital.org story, March 22, 2011, “MICROCAPITAL BRIEF: Kredits Receives $4.5m Investment From Danish Investment Vehicle Sophia to Develop New Microfinance Technology,” https://www.microcapital.org/microcapital-brief-kredits-receives-4-5m-investment-from-danish-investment-vehicle-sophia-to-develop-new-microfinance-technology/
MicroCapital Universe Profile: Kredits, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Kredits
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/
Similar Posts:
- MICROCAPITAL BRIEF: Accion Venture Lab, Brick & Mortar Ventures Lead $3.4m Equity Raise for Licify to Expand Vende+ Construction Portal from Colombia to Mexico
- MICROFINANCE EVENT: International Social Innovation Research Conference (ISIRC); September 6-9, 2023; Guimarães, Portugal
- MICROCAPITAL BRIEF: Visa Everywhere Initiative 2023 Offering $500k for Fintech Innovation
- MICROFINANCE EVENT: Social Enterprise Conference; October 27, 2023; New York City, USA
- MICROCAPITAL BRIEF: Bankingly, Woodcore Partner to Help FSPs in Africa to Offer Digital Financial Services
