The Center for Financial Inclusion selected the Lao FinTech company LTS Ventures for the best “digital financial infrastructure”. “Inclusive FinTech 50” is a global innovation competition that elevates cutting-edge emerging inclusive FinTech companies.
LTS Ventures created the “Lan Xang Banker” microfinance platform and brought it to 6 provinces in Laos. 850 village banks in Laos to manage now their savings and loans on this platform. It helps over 225,000 villagers to have a better access to finance. Villages sometimes are far away from any bank or microfinance institution in Laos. Village banks are helping communities to manage their money and to learn how to manage money.
Mrs. Lattana Keosihavong, Managing Director of LTS said: “We are very grateful to receive such an international recognition for the hard work we have done. It shows the progress of financial inclusion in Lao PDR. We also like to thank the Central Bank of Laos (BOL), the Microfinance Institutions, GIZ and the German Government for the support and good cooperation.” The award will attract funding for Lao’s Technology sector and will help to create further solutions for unserved or underserved customers addressing limitations in financial services.
For more information please contact LTS Ventures, Te. +856 20 555 99790 or via email: tim@LTSVentures.com