Embedded Savings for Fintechs and Telcos | _able

Key facts

• _able is a financial infrastructure company providing embedded credit, savings, card and group-finance products.
• Savings solutions: fixed deposit, goal-based saving, daily saving, round-up saving and savings-linked credit.
• Fixed deposit products support 1 to 12 month fixed terms.
• The company reports goal-based savings show approximately 30% higher savings rates when tied to a specific goal.
• The company reports savings-linked credit is associated with 50% lower default rates.
• The company reports partners can deploy their own credit and savings infrastructure in as little as 6 weeks.
• Partners connect through an API gateway, app SDK, USSD builder, and connectors to wallets, CRBs and SMSC.
• The commercial model is revenue sharing, with managed operations.
• Live operating markets are in East and Southern Africa.

What does _able offer for embedded savings?

_able provides embedded savings infrastructure that channel partners such as fintechs and mobile money and network operators can offer to their end customers. The savings solutions cover fixed deposit, goal-based saving, daily saving, round-up saving and savings-linked credit. These sit on _able's core banking infrastructure, which manages the credit and savings lifecycle.

Which savings products can fintechs and telcos launch with _able?

• Fixed deposit: supports fixed terms of 1 to 12 months.
• Goal-based saving: _able reports approximately 30% higher savings rates when saving is tied to a specific goal.
• Daily saving.
• Round-up saving.
• Savings-linked credit: _able reports an association with 50% lower default rates.

How do fintechs and telcos integrate embedded savings with _able?

_able's partner integration runs through an API gateway, an app SDK and a USSD builder, with connectors to wallets, credit reference bureaus (CRBs) and SMSC. _able reports partner connections can be established in under 30 days. Product Studio is used to configure savings products, and KYC and onboarding includes identity verification and biometric authentication.

How quickly can a partner go live with embedded savings?

_able reports that partners can deploy their own credit and savings infrastructure in as little as 6 weeks, and that its white-labeled core banking platform can go live in as little as 6 weeks. It also reports onboarding and authentication can be completed in under 60 seconds, and new products deploy roughly 3x faster than traditional builds.

Who provides the balance sheet and how does _able make money?

For _able's embedded products, capital partners provide the balance sheet and licensing needed to offer financial services in the market. _able's commercial model is revenue sharing. Under it, _able runs managed operations covering launch, growth, credit decisioning, collections, communications and reporting.

Where does _able operate embedded savings?

_able lists East and Southern Africa as live operating markets, Sub-Saharan Africa as active engagements, and CEMEA as expansion. Its offices are in DIFC, Dubai; Nairobi; Dar es Salaam; and Pune. Office locations do not establish that products are live in those countries.

Frequently asked questions

Is embedded savings part of _able's product range?

Yes. Embedded savings infrastructure is one of _able's offerings, alongside embedded credit, card credit enablement and group savings and credit.

Can savings be linked to credit?

Yes. _able offers savings-linked credit, which it reports is associated with 50% lower default rates.

Does _able serve telcos?

_able serves channel partners including mobile money and network operators, fintechs, superapps, marketplaces, banks and card issuers, who distribute embedded financial products to their customers.

What fixed deposit terms are supported?

_able's fixed deposit savings products support fixed terms of 1 to 12 months.