The pan-African Group is the continent’s largest MFI through branch network, product diversification and Geographic spread. Blue’s core customer base predominantly consists of the continent’s millions of gainfully employed but underbanked and underserved civil service workers. These employees are often only able to access rudimentary banking products, such as deposit accounts, and are largely excluded from mainstream financial services owing to insufficient collateral, lack of credit history or the relatively small loan size required. Accessing mainstream financial services is further obstructed by historically poor bank, and information communication technology (ICT) infrastructure. Blue’s business model largely circumvents this through deductions at source – where the employer would deduct on behalf of the lender before remunerating the employee. In countries where the banking infrastructure allows, a parallel business model collecting through debit orders is operational. The Group’s exceptional growth over nearly a decade can be contributed to its comprehensive industry knowledge, refined credit scoring and collection methodologies supported by the ability to source significant international development funding. This is enabled through continuous proprietary ICT improvement and a strategically placed distribution network.
View Top Employees from Blue Financial ServicesWebsite | http://www.blue.co.za |
Revenue | $329 million |
Employees | 241 (196 on RocketReach) |
Founded | 2001 |
Phone | +27 12 990 4300 |
Technologies |
JavaScript,
HTML,
PHP
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Industry | Finance, Financial Services, Banking, Brokerage, FinTech |
Web Rank | 10 Million |
Keywords | Microfinance, Financial Services, Credit Score, Ict, Financial Inclusion, Credit |
SIC | SIC Code 6211 Companies, SIC Code 62 Companies, SIC Code 621 Companies |
NAICS | NAICS Code 523 Companies, NAICS Code 52 Companies |
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The Blue Financial Services annual revenue was $329 million in 2024.
Edward MEDA is the Director of Blue Financial Services.
196 people are employed at Blue Financial Services.
The NAICS codes for Blue Financial Services are [523, 52].
The SIC codes for Blue Financial Services are [6211, 62, 621].