Hernando de Soto argues that the global credit system fails to serve the vast majority of entrepreneurs due to outdated risk measurement models. StorsApp addresses this by utilizing alternative data for credit assessments, achieving a zero default rate. The company has pivoted to focus on cross-border payments and trade finance, facilitating access to international markets for small businesses in developing regions.
Tag: Cross-Border Payments
Transforming Finance in Africa with DeFAI and AI Automation
DeFAI integrates decentralized finance and AI to automate Africa's finance back-office, enhancing efficiency and transparency. By transitioning from manual processes to programmable, auditable systems, it fosters trust and accelerates commerce. The model focuses on real-time solutions for payments and lending, ultimately empowering businesses and improving financial access across the continent.

