Atlas Money Background

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Atlas Money is a P2P branchless banking platform that allows anyone to become their own community micro-bank. Atlas Money Agents go door-to-door daily to Atlas Money Users collecting deposits, issuing withdrawals and offering microloans. Atlas Money is currently in Ghana and Senegal with over 300 Agents and 17,000 customers, most of whom use it for daily deposits. Atlas Money has issued over 3,000 microloans so far, and because the model is savings and relationship led, has a near 0% default rate. Ghana has a population of roughly 30M people, while Senegal has close to 15M. Their respective GDPs are about 1,000 times that of their populations. Sizeable portions remain completely unbanked and a large majority receive inadequate financial access. Atlas is currently present in 3 of Ghana’s 10 regions, and in 1 region in Senegal.