TransUnion, a leading global information and insights company, partners the largest financial comparison marketplace in South Africa known as Fincheck, strategically for making the process of credit application by consumers much easier and less stressful.
Fincheck has the ability for making the process of searching for the best-suited bank, lender or insurer effortless for numerous consumers because of its deep understanding of the risk appetites of financial institutions in the country.
TransUnion is the leader of South Africa’s credit market, who does well to provide thorough details of each applicant seeking credit. By this partnership of market leaders, Fincheck can adequately match the right lead to the right lender, insurer and banks to save time for all parties.
Currently, the fintech company compares offers from more than 80 major banks, insurers or lenders in South Africa, which allows their consumers choose the most suitable and competitive form of financing for finding credit to cover unexpected expenses or making ends meet.
Due to this new arrangement, consumers can also have access to a free TransUnion credit report on Fincheck, helping them understand their financial position to make better and more responsible financial choices. The report is easily understood and states clearly actionable steps on how to improve credit score and financial health.
In a statement released, Hans Zachar, the Director of Emerging Markets at TransUnion Africa, stated that,
“The TransUnion/Fincheck partnership will assist consumers in managing their finances, especially during these challenging times. By working with Fincheck we’re helping to increase financial awareness and access to credit.”
Thanks to the COVID-19 economic slowdown across the globe, Fincheck has seen an enormous interest from its new and existing consumers, wanting to improve their credit scores.
According to the CEO of Fincheck, Michael Bowren, commenting on the new relationship, he said,
“Being able to access affordable credit and valuable information in the same place will help South African consumers during these challenging times. Checking the information held on you is accurate before making an application can be an invaluable tool that can help you understand your financial options more clearly.”
Bowren concludes saying ultimately, their aim is to assist the user with his/her financial decisions and move them towards financial freedom.
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9 Startups Accepted into the First Next Health Accelerator with $15K Seed Funding
Intrepid Entrepreneurs, a non-profit designed to catalyze the power and promise of young people and women to fundamentally advance their societies, recruited nine startups for the inaugural cohort of the Next Health Accelerator.
Female, African entrepreneurs with a minimum viable product (MVP) from 26 countries applied to the program. After a rigorous review process, nine startups from seven countries were selected to begin the program in March 2021. The investor readiness accelerator is six months long and includes $15,000 seed funding, international mentors and partners, business support services, and value chain access.
The Next Health Accelerator’s focus on sexual and reproductive health is founded on the premise that unmet needs for sexual education, menstrual hygiene management, family planning, medication abortion, and STI diagnosis and treatment will be most sustainably delivered by local African enterprises.
Sexual and Reproductive Health issues directly affect 300 million women and girls on the continent and the productivity of the entire continent. For the continent to prosper and support its burgeoning youth population, it must harness the demographic dividend with access to equitable healthcare and economic opportunities. Next Health Accelerator addresses both.
The 2021 cohort includes:
- Rocket Health: Provides telemedicine and pharmacy services for SRH needs including convenient lab test retrieval and medication delivery in Uganda
- Verifie: Delivers STI self-tests and treatment products via doorstep delivery in Ghana
- Pharmaserve: Specializes in delivering high-quality pharmaceuticals in Nigeria through a fully integrated inventory monitoring system
- Girls Pride: Provides menstrual hygiene management education and skills training to create reusable pads in The Gambia
- Pad-Up Creations: Employs over 100 people in Nigeria to produce single-use, chemical-free pads sold in 16 countries
- Valorigo: Manufacturers single-use sanitary eco-friendly pads made from locally grown bamboo in the Congo
- The Grace Cup: Delivers SRH education and reusable menstrual cups in Kenya
- Kosmotive: Provides SRH information and access to SRH self-care products in Rwanda
- Massira: Delivers SRH information interactively as well as access to SRH services and products through an online community in Ghana
Lindsey Simmonds, the Co-founder of Intrepid Entrepreneurs in a press statement said,
She continued that, development policies made in Washington, D.C. or London need to make room for the power and promise of the youth and women on the African continent. And on this premises, their Next Health Accelerator catalyzes African startups to investor readiness to make scalable, sustainable impact imbued with the commitment and determination that only comes from homegrown ideas.
Visit the intrepidentrepreneurs.org to learn more about the Next Health Accelerator 2021.
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