Taxi-hailing company Yango now offers up to N750,000 in-app loan to drivers in Ivory Coast
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 11 2024Yango's New Financial Service: Yango has launched a "Driver Cash Advance" service in Ivory Coast, allowing drivers to access in-app loans of up to 300,000 CFA ($500) through a partnership with COFINA and Yabx, aimed at improving financial accessibility for drivers and supporting their business growth.
Impact on Financial Inclusion: The initiative utilizes AI and non-traditional credit scoring methods to provide quick and convenient access to loans, promoting financial inclusion and enhancing the gig economy in underserved regions across Africa.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
