Access, an impact-driven company in Archangel Impact Capital's portfolio, is revolutionizing financial services for the unbanked and underbanked. Through their inclusive platform and user-friendly mobile app, they provide essential banking, savings, lending, and insurance services. With a deep commitment to social impact, Bridge Access empowers marginalized communities and fosters grassroots economic growth. Join us in celebrating their mission for a more inclusive financial landscape.
ACCESS is a Fintech company that builds alternative financial communities that provide liquidity to SMEs and empowers Filipinos to be financially secure
Problem: Approximately 98% of Filipinos do not have credit cards & 71% do not even have a bank account
ACCESS Solution: Aims to serve these average Filipinos who do not have access to credit cards, bank loans, or health insurance through providing low-cost financing and financial literacy to the Filipino worker (core product offering Salary Loans to workers at member companies)
Investment Thesis
Key Developments Since Archangel Investment
Investment Date: Q4 2020
Impact: Over USD 2M in liquidity provided to SMEs and individuals in the Philippines
Growth: 3,650% CAGR in membership -- from 2,000 members using the ACCESS platform in 2020 to over 235,000 members to-date
Partnerships: Established partnerships with over 30 community partners, including City of Pasig and over 10 financial institution partners
Archangel Value-Added: Archangel Board Members, expanded network of financial service providers to include the top investment firm, the top 3 insurance providers, and top banks in the Philippines
Janna De Guzman, CEO, ACCESS
“Having the expertise and introductions from the Archangel network helped us grow our member base from 2,000 to 235,000, develop our platform, and enabled us to grow our partnerships.”
