Using our platform, a 2 million dollar startup grew into a 2 Billion dollar market leader in ten years. They did that by partnering with banks that are weighed down by low income customers such as social welfare recipients and retirees known as the underbanked.

The underbanked cost financial institutions millions of dollars per year in administrative account costs unless banking compliance rules are ignored, exposing the institutions to serious liabilities. For regular customers, the account’s administrative costs are usually offset by customer deposits that the bank loans for profit. For customers under 2000 dollars a month, the margins of banks are thin. Many countries open accounts for these unsinkable customers by opening accounts for them in state owned banks or postal office savings accounts. While this offers these customers financial inclusion it is challenging to profit from such portfolios using traditional methods. Conversely, we turn these unprofitable bank customers to profitable accounts. Using a unique, tested, and fully compliant financial inclusion platform we call Sanctum.

Government agencies welcome our ability to increase financial inclusion for unbankable citizens, increased compliance for the currently banked, and the option of biometric identification that reduces fraud. These factors are big political wins both domestically and internationally.

The success of the Sanctum platform for e-payments with banks, customers, and governments is the reason why we are replicating the experience around the world.

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