Our investment in Jirnexu – solving the distribution of financial services in emerging markets
Access to financial services in emerging markets is inefficient. The traditional banking and insurance sector is tied to expensive branch and agent-based distribution networks, and is generally ill-equipped to maximise the use of newer digital channels. Established banks focus on a limited section of the population and have excluded, or provided poor choices to, many. As incomes rise and online access increases, more people demand better financial services. Technology can help solve both issues – making distribution more efficient for traditional banks and insurers, and enabling the creation of new financial products and, in some cases, new providers.