• 2012 Experimenting with concepts for Sevak Solutions' next ventures
  • 2009 Continued acceleration in financial and non-financial sectors
  • 2008 Partnered with IFC to establish its mobile financial service business
  • 2007 Began providing acceleration services to emerging market companies
  • 2006 Developed consulting arm to address growing demand
  • 2005 Demonstrated client demand and uptake for agent services during pilots
  • 2003 Defined architecture for next generation financial service delivery to the poor
  • 2002 Led consortium to address challenges of scale in microfinance delivery
  • Prototypes
    Working on prototypes provides insights and a deep understanding of the real-world challenges and opportunities encountered with implementing a solution in developing countries. To date, Sevak Solutions was the lead on two pilot projects, both of which sought to extend the reach of services into remote and rural areas. In addition, Sevak Solutions partnered with a start-up that sought to develop, pilot and implement a new emergency micro-loan initiative targeted at distressed enlisted U.S. military personnel and their families.
    Financial Ideas (2009 - 2010)
    In the United States, young military personnel and their families often put themselves at financial risk through relationships with pay day lenders that charge very high interest rates for small loans and that benefit from the soldiers' limited financial knowledge. Financial Ideas piloted an innovative technology solution that allowed credit decisions for these clients to be made electronically. These e-credit scores were paired with financial literacy training and referrals from accredited partners to make final lending decisions. Although pilot efforts suggested success, Financial Ideas entered the market shortly after the global financial crisis of 2008, and ultimately were not able to weather the storm. More...
    Social Protection Payments (SPP), Kenya: Leveraging Field Experience for Social Payments (2007 - 2008)
    In Kenya, Sevak Solutions was the founding member of a consortium that also included Paynet Kenya and the Kenya Commercial Bank. The three companies came together to respond to the Social Protection Payment Challenge. After receiving a grant award, consortium members began developing the financial products, agent models, and technology solutions that could enable the Kenyan government to send money to the homeless and disadvantaged more easily and economically.More...

    FSD Kenya and CGAP Press Release
    Remote Technology Solution, Uganda: Proving the Agent Model (2004 - 2005)
    The first initiative, the Remote Transaction System (RTS) was begun prior to the founding of Sevak Solutions when one of the founders worked at the Hewlett-Packard Company. A point-of-sale and smart card solution was piloted in three different microfinance institutions, each of which used the solution with a different business model. The agent model piloted at Uganda Microfinance Limited proved to be the most successful. When Sevak Solutions was spun out of Hewlett-Packard, the founding team returned to Uganda to learn more about the details of the model. More...

    Explore the RTS Archives for the complete history, financial analysis, documentation, and training materials related to the original RTS pilot.

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    RTS Uganda


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