Riby is a banking platform created for small and large cooperatives operating in financially excluded areas of the country as well as large corporates. Riby provides a platform to manage community-based access to finance, savings, lending and investment, from peer-to-peer, to groups and individuals. We ensure that people can save, lend, borrow and invest their money transparently and securely with more control.
Riby’s technology platform makes it easy to enlist members, manage data/financial records and provides live access to all dealings within the group. The platform also makes it easy to integrate into the formal banking system and access other support in form of investments and credit facilities.
A large number of the populace are still financially excluded from the formal banking system. Their only option is often with the small thrift collectors and informal savings groups/societies with very high risk of fraud. A number of these cooperatives also operate in the corporate world but still grapple with issues of trust and mismanagement.