In order to create a financial services company that serves the unbanked, the leadership of San Francisco-based startup Gluwa saw that they needed a reliable, scalable cloud solution with strong data security and privacy features. Read this customer story to see why they chose Microsoft Azure to combine with blockchain technology to connect with underserved communities around the world.
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Gluwa's mission is to connect investors with individuals in emerging markets who lack access to traditional financial services. By leveraging blockchain technology, Gluwa aims to reshape financial inclusion for the unbanked and underbanked populations, facilitating nearly 4.27 million loan transactions valued at over $79.7 million.
How does Gluwa utilize Microsoft Azure?
Gluwa uses Microsoft Azure as a reliable and scalable cloud solution to support its blockchain-related services. Azure's features, such as seamless integration with .NET technologies and the ability to create public endpoints, enable Gluwa to efficiently manage its decentralized financial platform and enhance operational efficiency.
What challenges do unbanked individuals face?
Unbanked and underbanked individuals often struggle to obtain credit or loans due to the lack of basic financial infrastructure in their emerging markets. This situation makes it challenging for them to build a credit reputation, accumulate wealth, or grow their businesses, limiting their economic opportunities.
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