Diaspora World

di·as·po·ra

/dʌɪˈasp(ə)rə/
noun

Who is a Diaspora?

"Migrants or descendants of migrants, whose identity and sense of belonging have been shaped by their migration experience and background."

Diaspora World

800 million

One in nine people receive money transfers from migrated family members globally.

$100 billion

For African diasporas Global money transfers have grown from $37 billion in 2020 to $100 billion now, with a continued upward trend. The latest development assistance to Africa was only about 36% of diaspora money transfers.

Problem

We are solving the Diaspora problem of sole reliance on money transfers or remittances.

  • $100BN sent annually Globally/£6BN in the UK by African Diasporas to loved ones and family back home.
  • All in cash-based remittances with no visibility on how the money is spent.
  • None of this money goes to formally helping SMEs who power the economies back in Africa.

"UK Diaspora Fintech defeating the Goliath of Cash-Based Remittances."

Solution

Providing an alternative Finance platform that allows UK African Diasporas:

  • To make a profit and at the same time.
  • Have a bigger impact by helping to finance Women SMEs.

Diaspora World uses data and technology:

  • To remove the Red Flag Barriers against Women SMEs
  • Address gender imbalances against export-focused Women SMEs in Africa accessing Trade Finance.
  • Enable UN Sustainable Development goals to be met as Women SMEs create jobs and change their communities for the better.

"We help UK African Diasporas support Women SMEs back home and make returns through an Alternative Finance Platform."

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Diaspora World