FIA plans to elevate Asia's unserved geographies through its core vision of ‘economic and social inclusion’. We promote sustainable livelihood models and work with marginal communities, rural poor and women. FIA aggregates socially impactful products and services and delivers them to low income masses through our extensive distribution network of micro-entrepreneurs. FIA’s expertise lies in developing technology for mobility and online payment solutions for the masses, creating and managing distribution networks for delivering services to the last mile and implementing financial inclusion programs.
SERVING THE UNSERVED OF ASIA The stark reality is that most poor people in the world still lack access to sustainable financial services, whether it is savings, credit or insurance. In India, this translates to 400 million people who manage their finances on a cash-only basis and have restricted or no access to financial services.
The greatest challenge is to relax the constraints that exclude people from full participation in the financial sector. This is where FIA comes in. A company started by a team of students from MIT, FIA makes the economics work for banks to serve the underserved. FIA aims at popularizing the use of alternate technologies for enhancing the efficiency and security of financial transactions. Our award-winning model combines an extensive distribution channel and product portfolio to bridge the huge demand-supply gap for financial products and services in under-served geographies.
FIA’s aim is to bring about an evolution in how the under-served can capitalize on the digital growth opportunity. Our goal is to create the largest network of FIA Inclusion Centers to enable individuals to avail an array of services – Financial inclusion, Skill Development, Livelihood Opportunities, Digital Payment Solutions and access other socially impactful products and services.