Bankiti

Democratizing Credit and Investment Through Peer-to-Peer Lending

A mobile-first peer-to-peer lending platform that directly connects creditworthy borrowers seeking affordable loans with verified lenders looking to earn competitive interest returns, using alternative credit scoring and mobile money integration.

3 Team Members

892 Waitlist

3 Contributors

The Problem

Credit Gap Excluding Millions from Financial Opportunities

In emerging markets, millions of individuals, micro-entrepreneurs, and small businesses struggle to access affordable and timely credit from traditional financial institutions due to stringent requirements, lengthy approval processes, high interest rates, and lack of credit history. In Ghana, 80% of MSMEs cite access to finance as their biggest constraint, while traditional banks reject 70% of loan applications. Meanwhile, potential lenders with surplus capital lack safe, transparent channels to earn competitive returns, creating a persistent mismatch.

Market SizeAfrica's credit market gap estimated at $416 billion, with Ghana's MSME financing gap alone at $6.8 billion

Key Pain Points:

Traditional banks reject 70% of loan applications due to lack of collateral and formal credit history
Informal moneylenders charge 10-30% monthly interest rates, trapping borrowers in debt cycles
Average bank loan approval takes 30-90 days, too slow for urgent business or personal needs
Individuals with surplus capital earn only 2-8% in savings accounts while seeking higher returns safely

Our Solution

Trusted P2P Marketplace Connecting Borrowers and Lenders

Bankiti is a mobile-first peer-to-peer lending platform offering instant, paperless loan applications with alternative credit scoring using mobile money data, utility bills, and behavioral patterns. Borrowers get approvals in minutes to hours at rates lower than traditional sources, while lenders earn 12-22% returns by funding diversified, risk-rated loans. The platform features automated matching, repayments via mobile money integration, and built-in risk mitigation through escrow and direct debits.

Key Features:

Alternative credit scoring using mobile money transactions, utility payments, and behavioral data instead of traditional credit history
Instant loan applications with approvals in minutes to hours, not weeks, for amounts tailored to individual needs
Lenders earn 12-22% annual returns by funding diversified loan portfolios with transparent risk ratings
Automated loan matching, disbursement, and collection via mobile money and bank integration with escrow protection

Unique Value Proposition

Unlike traditional banks requiring collateral and credit history, or predatory moneylenders charging excessive rates, Bankiti uses technology to assess real creditworthiness through alternative data while protecting both parties with automated systems, transparent terms, and risk mitigation tools that make lending profitable and borrowing affordable.

Our Mission & Vision

We're not just building a product—we're creating a movement that will transform how the world approaches bankiti.

Our Mission

To democratize access to bankiti technology and make it accessible to every business, regardless of size or technical expertise.

Our Vision

To create a world where every organization can leverage cutting-edge technology to solve their most pressing challenges and drive meaningful impact.

Meet Our Team

The brilliant minds behind Bankiti, bringing together decades of experience and a shared vision for the future.

Marvinphil Annorbah

CEO & Backend/AI Engineer

Backend and AI specialist building the intelligent credit scoring algorithms and platform infrastructure. Leading Bankiti's mission to democratize financial access through technology-driven peer-to-peer lending.

Expertise

Backend EngineeringAI/Machine LearningAlternative Credit Scoring

Daniel Ankomah

Frontend Engineer

Frontend developer creating intuitive, mobile-first interfaces that make borrowing and lending accessible to users across all literacy and tech-familiarity levels.

Expertise

Frontend DevelopmentMobile-First DesignReact/React Native

Philemon Osei

Product Designer

Product Designer focused on creating trust-building interfaces that clearly communicate risk, returns, and terms to both borrowers and lenders in the P2P marketplace.

Expertise

UI/UX DesignFinancial Product DesignUser Research

Financial Overview

Transparent financial metrics and growth projections for Bankiti.

Current Status

Funding StagePRE SEED

Funding Raised$0

Funding Goal$300,000 (pre-seed round)

Current Revenue$0 (pre-revenue)

Key Metrics

Beta Users

Early adopters testing the platform (borrowers and lenders)

43+43

Credit Model Accuracy

Alternative credit scoring model prediction accuracy in test data

78%+8%

Loan Applications

Total loan applications submitted during beta testing

127+127

Platform Development

Overall completion of core platform features and infrastructure

55%+15%

Upcoming Milestones

Platform MVP and Credit Scoring Engine

Complete core platform with alternative credit scoring algorithm, loan application flow, and basic lender matching

Target: 4/30/202655% Complete

Mobile Money Integration

Integrate with major mobile money providers (MTN, Vodafone) for disbursement and automated collections

Target: 5/31/202640% Complete

Regulatory Approval - Ghana

Obtain necessary licenses and regulatory approvals from Bank of Ghana and Data Protection Commission

Target: 6/30/202615% Complete

Pilot Launch - 200 Users

Launch pilot program with 100 borrowers and 100 lenders in Accra and Kumasi

Target: 7/31/202620% Complete

First $100,000 in Loans Disbursed

Reach milestone of $100,000 total loan value successfully matched and disbursed through platform

Target: 10/31/20265% Complete

Current Challenges

Alternative Credit Scoring Model Development

critical

Building accurate credit scoring algorithms using non-traditional data sources (mobile money, utilities, behavioral patterns) that can reliably predict default risk in markets where 92% lack formal credit history, while avoiding bias and ensuring fairness.

Machine learning for credit riskAlternative data analyticsBehavioral economics

Regulatory Compliance and Licensing

critical

Navigating complex financial regulations across multiple African markets, securing necessary licenses (money lending, payment processing), and ensuring compliance with data protection, KYC/AML requirements while maintaining platform speed and accessibility.

Financial regulatory complianceFintech licensing specialistsLegal counsel for banking law

Building Trust and Managing Default Risk

critical

Establishing platform credibility to attract both quality borrowers and confident lenders, while implementing effective default management systems including debt collection, loan guarantees, and insurance mechanisms to protect lender capital.

Risk management frameworksDebt collection systemsFintech trust-building strategies

Mobile Money and Banking Integration

high

Integrating with multiple mobile money providers (MTN, Vodafone, AirtelTigo) and banks for seamless loan disbursement and automated repayment collection, handling API reliability issues, transaction failures, and reconciliation challenges.

Payment gateway integrationMobile money API developmentFinancial systems architecture

Two-Sided Marketplace Liquidity

high

Balancing supply and demand by simultaneously attracting borrowers seeking loans and lenders with capital to deploy, ensuring sufficient liquidity for quick loan funding while maintaining attractive returns for lenders.

Marketplace dynamicsGrowth strategy for two-sided platformsFintech customer acquisition