|
Briefing
|
- Finance Lending Blockchain – IBM partnered with business-to-business logistics company Twiga Foods to develop blockchain finance lending platform for food kiosk owners in Kenya
- AI-Based Credit Scoring – Applied machine learning and mobile data to analyze purchasing patterns of businesses to determine credit score
- Mobile Channel – Loans can be executed from mobile device, with retailer able to choose loan options via SMS
- Pilot Testing – Implemented eight-week pilot during end of 2017 among 220 small food kiosks in Kenya, with average loan of $30, resulting in increased order size of 30% and boosted profits of 6% per retailer
- Next Steps – Planning to roll out technology to more small and medium-sized businesses in Africa across other sectors
|
|
Accelerator
|
|
|
Market Disruption
|
|
|
Business Model and Practices
Business Model
and Practices
|
|
|
Sector
|
Financial Services, Information Technology, Wholesale and Retail Trade
|
|
Organization
|
International Business Machines Corp., Twiga Foods Ltd.
|
|
Source
|
|
|
Original Publication Date
|
April 18, 2018
|
