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Artoo is a technology provider that wishes to catalyze development through inclusive technology. We want to do everything we can to bring the digital revolution to those at the bottom of the pyramid. Our first product, Artoo Slate, is a solution for the microfinance industry. We believe it has the potential to help MFIs become more productive in helping their customers rise out of poverty.
We have just completed a pilot (funded by Ujjivan Financial Services and the Lok Capital Foundation) with Ujjivan, one of India’s fastest growing MFIs, and are delighted to share our results with you here: Artoo Slate enabled a 35% increase in productivity, reduced the turn-around-time for loans to 2 days, promises Ujjivan an annual benefit of INR 74.4 crores (USD 15.8 million), and a 2.44% reduction in the Operating Expense Ratio (OER).