We wanted to understand why being unbanked was a problem. After spending a few weeks in Sri Lanka we discovered that it is a major barrier to employment and companies are willing to pay to solve it.
What it does
Kore Payments provides a payment platform for construction companies to pay informal labourers that don't have bank accounts. Informal Labourers receive tokens that they can spend with each other or cash out at community hubs.
How we built it
Challenges we ran into
Accomplishments that we're proud of
What we learned
There is a lot to love about the financial systems of the unbanked!
What's next for Kore Payments
We are off to Indonesia to test our solution.