Awamo, a Germany-based micro-finance management solutions provider, has raised about $550,000 in its Series A round and is launching in Africa.
“Awamo’s solution simplifies the credit management process from A to Z and provides microfinance lenders with a professional credit risk management solution,” the company stated. “This empowers millions of people to create their own micro-businesses, thus stimulating sustainable, regional economic and social development.”
The company will also look into the product scalability and onboarding more customers through the implementation of feedbacks.
Awamo offers mobile, cloud-based, hard and software solution for microfinance lenders in emerging markets.