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Why this Ugandan fintech refuses to approve loans in minutes
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Why this Ugandan fintech refuses to approve loans in minutes
Asaak is possibly the most recognizable startup out of Uganda. Today, it provides loans that allow Ugandans to finance motorcycles used for transportation, but that was not its initial business model. Its present iteration is the result of lessons from a three-year experiment. “What prompted the pivot to asset financing is we felt that this was a way to guarantee that the money was going to a productive use,” founder and CEO Kaivan Sattar tells …
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