Developing economies are rich with human capital, natural resources, innovative and willing minds but are constantly impeded by the inaccessibility of financial services. We believe this is the new leading stumbling block to development.
And just as the internet bridged access to information for the masses we wish to close the gap between those who would seek to benefit from their finances and those who lack access to quality financial services. We like many others believe that access to financial services will reduce inequality and accelerate social and economic development.
Based in Uganda, our primary focus is on developing solutions and partnerships that will enable sub-Saharan Africa to harness its financial capacity. Even though remittances into the region have been booming in recent years and impact investment funds have been mushrooming on the continent, the COVID 19 pandemic has highlighted the inherent unreliability of these cash inflows to the region.
It is this ever-growing need for innovative and practical financial solutions that we at Utilis Ventures aim to fill by creating solutions that grow value, generate capacity and reduce inequality.
We are a small but passionate group of innovators trying to create the solutions needed in the modern world. We believe that what we believe matters more than who we are and would like to share some of our beliefs with you below.