For the first time, micro and SME lenders have a clear path to a digital future. With an intuitive user experience for digitizing paper-based operations or connecting to external data sources via API, lenders can collect rich data, monitor trends, and automate processes as they gain more trust in their data. Lenders can even design and manage their own credit algorithms on the First Access platform.
First Access has leveraged its credit scoring experience to enable incremental change without disrupting day-to-day operations. Financial institutions can grow more sophisticated with data at their own pace, incorporating machine learning insights as they go. Lenders have used First Access credit scores to automate low-risk approvals and decrease underwriting time by 80%.
The company has its headquarters in New York City and its Africa regional office in Dar es Salaam, Tanzania.
The future of lending is data-driven. Get there faster.
Overview
Funding Rounds 1
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Mentions in press and media 3
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| Jun 21, 2017 | Mastercard Foundation opens call for African projects that address rural poor | The MasterCard Foundation Fund for Rural Prosperity (FRP) in Nairobi yesterday launched a new competition to find and support providers of innovative and scalable financial products and services that improve the lives of poor people in rura... |
| Jun 21, 2017 | Mastercard Foundation opens call for African projects that address rural poor | The MasterCard Foundation Fund for Rural Prosperity (FRP) in Nairobi yesterday launched a new competition to find and support providers of innovative and scalable financial products and services that improve the lives of poor people in rura... |
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FAQ about First Access
When was First Access founded?
First Access was founded in 2012.
How much funding has First Access raised?
First Access has raised $7M in total across 1 funding round.
What has the press written about First Access?
Parsers VC has collected 3 articles mentioning First Access, among them “Mastercard Foundation opens call for African projects that address rural poor” (Jun 21, 2017) and “Mastercard Foundation opens call for African projects that address rural poor” (Jun 21, 2017).
Is First Access still active?
Yes, First Access is active; its latest activity on Parsers VC dates from Oct 2, 2017.