Posted By Gbaf News
Posted on September 18, 2018
- A new partnership with Jirani Smart, in Kenya, sees Oradian enter its 10th market
- Oradian’s cloud-based toolset has now helped institutions pioneer financial inclusion efforts for over 2.5 million end-clients
- The fast-growth Software-as-a-Service (SaaS) company now has a diverse team of over 130 experts
Oradian, the fast-growth Software-as-a-Service company on a mission to boost financial inclusion, has entered its 10th market – in a new partnership with Jirani Smart, in Kenya.
Jirani Smart, a microfinance institution (MFI) founded to offer better financial and non-financial services to the unbanked, joins Oradian’s global community of visionary financial institutions with 15,000 end-clients. Jirani Smart’s mission is to increase their clients’ income levels and uplift their standards of living in rural areas of Kenya.
Currently in the implementation and training phase of Oradian’s digital toolset, Jirani Smart is fast-tracking the digitisation of its operations and now has access to global best practices in microfinance.
“Jirani Smart chose Oradian as our digital provider because Oradian is experienced across African markets. Oradian offers the best cloud-banking system designed to overcome the business challenges of microfinance. We chose them as partners because we believe in their solutions.”, stated Kennedy Muthama, Director and co-founder of Jirani Smart.
Worldwide, 2 billion adults and 160 million small businesses still lack access to basic banking services. But rapid technological development in frontier markets like Kenya is driving a sharp rise in access to digital and mobile technologies – and fostering a wave of visionary financial institutions to unlock financial access for the ‘unbanked’. Oradian partners with these institutions, offering a cloud-based toolset that enables them to bypass legacy technology and instantly access affordable, world-class technology infrastructure.
Founded in 2012 by financial inclusion practitioners and SaaS experts, Oradian aims to drive financial inclusion by helping these institutions to grow and serve their communities. The business now brings together a diverse set of over 130 experts from more than 20 countries – headquartered in Zagreb, Croatia, and with a growing presence in countries such as Nigeria and the Philippines.
As the company’s growth continues to gather pace, Oradian now works with a community of over 70 financial institutions who provide financial services to over 2.5 million end-clients. Its partnership with Jirani Smart follows the news that Zozam Microfinance Company (ZFM) also recently joined Oradian’s customer community. An innovative, growing microfinance provider based in Myanmar, ZMF currently serves over 1,500 clients that include weavers, market stall keepers, butchers, rickshaw drivers, tailors and hairdressers – over 85% of whom are women.
“We started ZMF to serve people in our community. For so long, people in Myanmar have not had any opportunity to shape their own destiny. Now, we have the chance to empower these people to improve their own lives. Instafin is going to help us to be more efficient in serving our clients, and with the team of industry pundits at Oradian behind us, we intend to serve many more in the future”, explained Go Suan, CEO at Zozam Microfinance Company.
Antonio Separovic, CEO and co-founder of Oradian, explained: “The pace and scale of Oradian’s growth are an important benchmark for the industry, demonstrating why momentum around financial inclusion is growing. While the role of regulation and central banks still warrant closer examination, it’s clear that technology will drive a huge and global shift in access to banking services.”
“We’re delighted to welcome Jirani Smart to our growing global community of pioneering financial institutions and enter our 10th market in the process. With our toolset, we aim to not only provide Jirani Smart a world-class technical solution, but also international and on-the-ground expertise in implementation and best practices.”