Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

LeapFrog takes equity stake in credit-scoring firm Cignifi

Over 90% of people in low- and middle-income countries lack formal credit histories. But more than two billion have mobile phones.

Cignifi, launched in Cambridge, Mass. in 2010, scores credit based on non-financial mobile data to help unbanked customers secure loans.

Cignifi has served 100 million people in 13 countries, including Mexico, Ghana, and Brazil, and is aiming to reach a billion people. The undisclosed investment from LeapFrog will enable it to expand into insurance and other financial sectors.

Cignifi has raised at least $7 million in equity funding rounds, backed by Omidyar Network, which also participated in this round.

You might also like...