This archive report was first published on 11 October 2019.
On October 11, 2019, 4G Capital made history by receiving the silver award for the Responsible Digital Innovator of the Year at the Global SME Finance Awards.
The award recognized the company's responsible lending metrics, which have led to exceptional performance in lending to high-risk clients. This achievement is a testament to 4G Capital's mission to champion digital client data protection standards.
Founded six years ago, 4G Capital has revolutionized the way small and medium-sized enterprises (SMEs) access working capital. The company's innovative approach combines 100% unsecured working capital and enterprise training for MSMEs, using machine learning to deliver personalized lending solutions.
4G Capital's commitment to data protection is also noteworthy. The company believes in customer data sovereignty and is working towards levels of data protection similar to Europe's GDPR. This approach ensures that customer data is handled with the utmost care and transparency.
Speaking at the award ceremony, 4G Capital's Founder and CEO, Wayne Hennessy-Barret, revealed the company's plans to scale its expertise and technology to extend financial inclusion across Africa.
“We are now ready to use our technology and expertise to scale across Africa as we seek to tackle financial exclusion and unlock human potential where the global SME Finance Gap still stands at $331 billion. We look forward to sharing our journey with partners across the globe, and thank you for this award,” CEO Wayne affirmed.
4G Capital has already received recognition from other reputable organizations, including a BB rating from Microfinanza and a BB+ from Global Credit Ratings Co.
