New Finance LTD is a new technology company in the UK, focused on democratising financial services. We are modernising savings and credit through mobile technology (an App).

Our vision is a world where every person has fair access to financial services. Our mission is to eliminate financial exclusion. To achieve this, we have built a mobile application, an “App”.

App Description
Built for your smartphone, this is banking like never before. One that allows you to organise saving circles (i.e. Tandas) with your friends instantly, giving you access to the formal financial system and is easy to use. We’re building what we think is the best micro-savings App on the planet.

Saving circles (Tandas)
Saving circles, or Tandas, as they are called in Mexico, have been around for generations and, according to the World Bank, 1.5 billion people around the world use them. A Tanda is a small group who agrees to meet for a defined period in order to save and borrow together; a form of combin...
New Finance LTD is a new technology company in the UK, focused on democratising financial services. We are modernising savings and credit through mobile technology (an App).

Our vision is a world where every person has fair access to financial services. Our mission is to eliminate financial exclusion. To achieve this, we have built a mobile application, an “App”.

App Description
Built for your smartphone, this is banking like never before. One that allows you to organise saving circles (i.e. Tandas) with your friends instantly, giving you access to the formal financial system and is easy to use. We’re building what we think is the best micro-savings App on the planet.

Saving circles (Tandas)
Saving circles, or Tandas, as they are called in Mexico, have been around for generations and, according to the World Bank, 1.5 billion people around the world use them. A Tanda is a small group who agrees to meet for a defined period in order to save and borrow together; a form of combined peer-to-peer banking and peer-to-peer lending. Each member contributes the same amount at each meeting, and one member takes the whole sum once. As a result, each member is able to access a larger sum of money – interest free - during the life of the Tanda, and use it for whatever purpose she or he wishes.

The need for inclusive financial products and services is evident and urgent. There is a clear gap in the market for micro-savings products and the potential reach is enormous. Just in Mexico alone we know that almost 10 million people use Tandas constantly. We also know that smartphone penetration is growing at an imperious pace. Today, 45 million Mexicans already own a smartphone.

There are very few financial technology (FinTech) companies focused on building inclusive financial services applications; and only a handful of us are building a truly mobile (native) only App (vs Hybrid or Web App). This seemingly minor difference is actually massive when we think about three things: (1) low-cost smartphones with limited capabilities, (2) areas where Internet access still has low bandwidth (no 4G) – our App has offline capabilities and (3) users want the “social media app experience” – beautiful design, flawless interaction, and immediate access.
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Investors

Eduardo Clavijo
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Eduardo Clavijo Repeat Entrepreneur
Kevin Meehan
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Kevin Meehan Proven business builder. Significant experience in sales and operations. Investor in multiple startups + works with social entrepreneurs.

Advisors

Kevin Meehan
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Kevin Meehan Proven business builder. Significant experience in sales and operations. Investor in multiple startups + works with social entrepreneurs.
Bob Annibale
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Bob Annibale

Employees

Ana Rosa Ramírez
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Ana Rosa Ramírez Managing Director Mexico Client-centric senior executive, accomplished change agent in aligning diverse business practices and skillful sales trainer
Francesca Durante, CFA
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Francesca Durante, CFA CFO Versatile and experienced professional with strong track record in Investment Banking and experience in Fintech .

Recommendations

Juan Miguel Guerra Dávila Director at GrowthFunder

Norah is a passionate and capable serial entrepreneur building a disruptive business that can transform how banking is done at the bottom of the pyramid.

Get ready for a trusnami of financial inclusion!

Kevin Meehan CEO at Rocket Smoothies

Strong entrepreneur credentials, high quality product with great social impact.

Jorge Rubio Nava Advisor at Nickle

I have been working in the financial inclusion space globally for the last 15 years and I truly believe that we are at an inflection point when it comes to the development of scalable financial solutions for the bulk of the population. At any other moment in the history of finance have we had as an industry the possibility of sustainably reaching millions of individuals typically ignored by the formal financial system. The ubiquity of the mobile phone, the penetration of broadband internet and the massive reach and adoption of social networks creates the "perfect storm" for financial inclusion. This is why I was so enthused when I first heard of Nickle. Their idea leverages all these trends and introduces a mobile application that is social, cool, super intuitive and very useful. They understand well what clients want in their approach to financial services. The whole team is very mission driven and I am sure will take this idea far, helping millions fulfill their financial goals.

Eduardo Clavijo CEO at Rocket Smoothies

Nickle will disrupt the way emerging countries will manage their finances. The company is aimed for success. The team is outstanding, passionate and talented. They have secure a bunch of mentors second to none. The opportunity is huge and the time is right.

Jonathan Smith CEO and Co-founder at Pobble Education

Nickle is a solid business idea that addresses a real and tangible need in a very interesting market. It has the potential to grow into a huge business and my interactions with Norah convince me that she has the skills and the team to achieve just that.
Norah is the type of person that investors will back, experienced, considered and personable. I think she and the team would gain a great deal from the Microsoft Ventures Accelerator Ecosystem and could be coached through to a very successful pitch day. I have no hesitation in recommend Nickle for a place in the next cohort.

Leonardo Velloza

Robust with a deep purpose business proposition!!