Mother finance

What does Mother Finance do?Digital lending platform offering consumer loans. It offers a platform where individuals can apply for loans regardless of financial history. It mainly offers loans to underserved people and helps improve financial awareness and access to credit. Its app is available for Android and iOS users.Company DetailsHow much funding has Mother Finance raised till date?Mother Finance has raised funding over 1 round.What are the most recent funding rounds of Mother Finance?Its latest funding round was a Seed round on Mar 06, 2023 for an undisclosed amount. 1 investor participated in its latest round, which include Iterative.List of recent funding rounds of Mother FinanceDate of fundingFunding AmountRound NamePost money valuationRevenue multipleInvestorsMar 06, 2023UndisclosedSeed71249076120044IterativeAccess funding benchmarks and valuations. Sign up today!Who are Mother Finance's investors?Mother Finance has 1 institutional investor - Iterative.Who are the founders of Mother Finance?The founders of Mother Finance is Theta Aye.Who is the current CEO of Mother Finance?Theta Ayeis the CEO of Mother Finance.Here is the list of Top 10 competitors of Mother Finance, ranked by Tracxn score :Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Mother Finance's competitors? Click here to see the top onesMother Finance has made no investments or acquisitions yet.Here is the latest report on Mother Finance's sector:Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!When was Mother Finance founded?Mother Finance was founded in 2016.Where is Mother Finance located?Mother Finance is located in Yangon, Myanmar.Is Mother Finance a funded company?Mother Finance is a funded company, its first funding round was on Mar 06, 2023.When was the latest funding round of Mother Finance?Mother Finance's latest funding round was on Mar 06, 2023.Explore our recently published companiesFlatWorld.co - United Arab Emirates based, 2020 founded, Unfunded companyInterracial Dating Central - Reno based, 2004 founded, Unfunded companyFonty - 2024 founded, Unfunded company1TapTrack - United States based, 2023 founded, Unfunded companyEdpreciate - United States based, 2023 founded, Unfunded companyThe Tech Khabar - 2024 founded, Unfunded company

SummaryThis User Terms & Conditions is a financial services provider and an end-user license agreement between you (“End-user” or “you”) and Mother Finance Co., Ltd, a company registered in the Republic of the Union of Myanmar, and its related non-bank financial institution license NBFI/FC(R)-11/08/2016 (collectively “Mother Finance”), which provides the Mother Finance Android application (“Mother Finance App” or “App”). The Mother Finance App allows users to obtain Credit Advances. The maximum credit limit of this advance will vary by the individual borrower's credit score and repayment history, among other factors. Charges associated with the Credit Advance include the Service Fee, which typically varies between 1-5% of the advance amount up to 180-day advance period, as well as any associated telecom network distribution costs which maybr paid by the Credit recipient directly to the telecom. The Credit recipient is then required to pay back the Credit Advance plus a Service Fee on the total amount according to the repayment schedule specified at the time of the Credit Advance offer. The terms of each Credit Advance, including the amount of the advance, repayment schedule, applied Service Fee, and other associated fees will be displayed with the Credit Advance offer. This User Terms & Conditions (together with our Credit Advance offer agreement) sets out the complete Terms & Conditions. The Terms and Conditions and any amendments or variations thereto take effect on their date of publication; it is the user’s responsibility to track any amendments or variations. By accepting the Credit Advance, you acknowledge that you have read, agree with and accept all of the Terms and Conditions, including the following statement: “I authorize Mother Finance Co., Ltd and its mobile App to access any information available to assess my Credit Advance application, and also give Mother Finance Co., Ltd and its mobile App to register details of the conduct of my account with a registered Credit Bureau, and I waive any claim I may have against Mother Finance Co., Ltd or its affiliates in respect of such disclosure. I authorize Mother Finance Co., Ltd and its mobile App to access my credit history from a registered credit bureau as well as another other data that would allow for alternative credit assessment.”Section 1. DEFINITIONS AND INTERPRETATIONTerms used in this agreement shall have the following meanings:Agreement means this User Terms and Conditions;Account means your account with Mother Finance;Business Day means a day other than a Saturday, Sunday or national or public holiday in the Republic of the Union of Myanmar;Credentials means your personal credentials used to access the Mother Finance App and operate your Account;Credit Advance means a loan provided by Mother Finance under this User Terms & Conditions;Credit Bureau shall refer to Myanmar

Mother Finance ကုမ္ပဏီသည် ဗဟိုဘဏ်က အသိအမှတ်ပြုထားသည့် ချေးငွေကုမ္ပဏီဖြစ်ကြောင်း သိရMother Finance ကုမ္ပဏီသည် ဗဟိုဘဏ်က အသိအမှတ်ပြုထားသည့် ချေးငွေကုမ္ပဏီဖြစ်ကြောင်း သိရသည်။ ပြီးခဲ့သည့် လပိုင်းက နိုင်ငံပိုင်သတင်းစာများတွင် ရေးသားဖော်ပြထားသည့် သတိထားရမည့် အွန်လိုင်း Apps များဟုဆိုသည့် စာရင်း၌ Mother Finance ကုမ္ပဏီ၏ Apps မှားယွင်းပါဝင်လာသဖြင့် ဖြေရှင်းရခြင်းဖြစ်ကြောင်း အဆိုပါကုမ္ပဏီမှ သိရသည်။Read MoreMother Finance Company is a loan company recognized by the Central Bank.Read MoreMicrofinance laws you should followThe main important thing to note is that the microfinance organization must not engage in improper practices that would create an unfair opportunity for its own organization or other individuals.Read MoreMother Finance launches credit scoring system to continue digital lendingLoan requests and inquiries have surged in Myanmar as households and businesses struggle to cope with COVID-19 restrictions. This has yielded business opportunities for non-bank financial institutions like Mother Finance, which is using technology to meet rising borrower demand and lower the risk of defaults as the pandemic wears on.Read MoreFintech start-up working to fill Myanmar’s loan gapMa Theta Aye, managing director of Mother Finance Co Ltd, aims to grow its number of borrowers by as much as ten times to 100,000 in the next three years. “To do so, we’ll invest in technology and connect to firms with more employees, whom we can offer loans as a fringe benefit,” she said.Read MoreHow the Mother of All Financial Apps Was BuiltImpact investing only contributes to entrepreneur success when combined with time, motivation, and commitment. Summing up years of international experience, multiplied by a personal mission, and adding a committed team, one startup founder took on impact investments, curated bank partnerships, and found technological prowess, to make a solution to financial access in Myanmar.Read MoreMyanmar: How tech is transforming a frontier marketJust six years ago, in 2013, a mobile user in Myanmar had to pay USD 250 for a SIM card—this in a country where the average annual income was less than USD 200. For most people in Myanmar, the internet was a luxury for a select few; at least, that was the case until February 2014, when the Myanmar government granted licenses to two global telecommunications providers, the Qatari Ooredoo ...Read More4 Fintechs in Myanmar to WatchWhen it comes to fintech, Myanmar has a lot of catching up to do. With a little over a dozen companies compared to about 150 in Vietnam, and over 490 in Singapore, the Burmese fintech sector still trails far behind the rest of Asia. But with a government committed to improving financial inclusion and rapid mobile growth, the sector is poised to take off.Read MoreMother Finance crunches mobile data for credit scores and digital lending in MyanmarMyanmar counts about 80% of its 55 million inhabitants as unbanked, with no access to mainstream financial services such as bank-backed credit and savings accounts. However, as the country’s mobile penetration has risen to 126% in January, startups such as Mother Finance have come up with alternative solutions to lend money to the unbanked—based on smartphone data.Read MoreLimited relief for microfinance borrowers as the clock ticks on debt paymentsKo Zaw Zaw Aung, general manager at the Kyauk Sein footwear factory in Yangon’s South

Mother Finance على الكمبيوتر الشخصيMother Finance ، القادم من المطور Mother Finance Co., Ltd. ، يعمل على نظام Android في الماضي.الآن ، يمكنك لعب Mother Finance على جهاز الكمبيوتر باستخدام GameLoop بسلاسة.قم بتنزيله في مكتبة GameLoop أو في نتائج البحث. لا مزيد من الانتباه إلى البطارية أو المكالمات المحبطة في الوقت الخطأ بعد الآن.ما عليك سوى الاستمتاع بجهاز Mother Finance على الشاشة الكبيرة مجانًا！Mother Finance مقدمةMother Finance Co., Ltd. (Registration No. 101001296) is incorporated in the Republic of the Union of Myanmar and licensed as a non-bank financial institution (NBFI/FC(R)-11/08/2016), regulated by the Central Bank of Myanmar. make credit accessible to anyone with an Android smartphone in Myanmar. We provide quick and easy customized unsecured loans to our customers while helping them build a digital credit history, or financial identity, over time. Fast loan approval decisions are made within 24 hours.We’re committed to building a world where underserved people everywhere have financial access, choice, and control. People need access to financial systems, including credit and all the opportunity credit brings. Within those systems, they need choices, so they can do what they want to do, what they need to do, and what they should do with their money. Finally, we want more people everywhere in Myanmar to be in control of their finances, as active participants in their own financial lives — whether they are budgeting, saving, investing, or learning.Interest rate and service fees vary according to each person and the type of loans they choose. Loan tenor ranges from 60-365 days. One-time fees including processing and origination charges, range from 1-20% of loan disbursement. Interest rate starts from 2% per month or 24% annual percentage rate (APR). The key feature of our service is that customers that previously pay back on time are rewarded with lower interest rates and larger loan size when they choose to borrow again.For example, you select a micro sme loan of MMK 1 million for one year. The amortized interest is 13.5% p.a. Monthly repayment is MMK 94,559.60. Total interest charged for the year is MMK 134,715.16. Service fees is MMK 50,000.You can find detailed privacy policy at Us at [email protected] and [email protected]

Or that you provide to us, will be processed by us;Relevant Information means information including, but not limited to, data relating to your phone (including, without limitation, your phone's history) from your Equipment, from any SMS sent to you by the Mobile Money Providers and any financial services providers relating to your use of the Mobile Money Service and such other information as We shall require for purposes of providing the Services;Request means a request or instruction received by Mother Finance from you or purportedly from you through the Network and the System and upon which Mother Finance is authorized to act;Rollover Fee means the late fees applicable to you if you fail to make any payments due to Us at the due date for such payment;Services shall include any form of services or products that Mother Finance may offer you pursuant to this Agreement and as you may from time to time subscribe to and "Service" shall be construed accordingly;Service Fee means a technology service fee associated with the Credit Advance;SIM Card means the subscriber identity module which when used with the appropriate mobile phone handset enables you to access the Network and to use the Mobile Money Account;SMS means a short message service consisting of a text message transmitted from your mobile phone to another;System means electronic communications software enabling you to communicate with Mother Finance for purposes of the Services. The System and the Services will for the purpose of this Agreement be accessed through a Mobile Network Operator's System;Technology means services used or supported by the App;Technology Service Fee or Service Fee includes any fees and charges payable for the use of the Services. Service Fees are subject to change at any time at our sole discretion;Terms and Conditions refer to this User Terms & Conditions together with Mother Finance Privacy Policy and the Credit Advance offer agreement;We”/ “Us”/ “Our refers to Mother Finance. In addition to the above definitions, unless the context requires otherwise, the singular shall include the plural and vice versa; a reference to any one gender, whether masculine, feminine or neuter, includes the other two; all the headings, subheadings and bullet points in this Agreement are for convenience only and are not to be taken into account for the purposes of interpreting it; the recitals and schedules shall be deemed to form part of this User Terms & Conditions.Section 2. ACCEPTANCE OF TERMS AND CONDITIONSYou will be deemed to execute this Agreement upon clicking the "Continue" button on Mother Finance's App asking you to confirm that you have read, understood and agreed to abide by this User Terms & Conditions. If you do not agree with this User Terms & Conditions, please