Staying ahead of the technology curve means advancing the world we live in. That is why we give you data-driven innovation insights. This time, you get to discover 5 hand-picked startups reducing inequalities.
Global Startup Heat Map highlights 5 Top Startups Reducing Inequalities out of 406
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2.093.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 406 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 401 solutions reducing inequalities, get in touch.
Agrorite promotes Smallholder Farming
In developing countries, most farming is done by smallholder farmers who often live on or below the breadline. Helping such farmers make profits from their crops does not just reduce income inequality, it also advances the UN SDG 2 of Zero Hunger. AgriTech and FinTech startups alike offer technologies and financing solutions, respectively, that cater to the needs of smallholder farmers. These solutions make farmers resilient in the face of income uncertainty, unforeseen weather events, and other pressures on farming practices.
Nigerian startup Agrorite provides input financing as well as agricultural technology & consultancy to help small farmers be profitable. The startup also offers insurance cover, aggregated storing, food processing, and commodity trading to further increase farmers’ revenue. In addition to improving the lives of smallholder farmers, Agrorite’s solutions also tackle food insecurity by improving food production.
ARYZE enables Financial Inclusion
A large part of the global population is still unbanked. This leaves them vulnerable as financial inclusion is a way to lift the poor, especially women, out of poverty. Underdeveloped financial structures also undermine potential economic benefits. For instance, the high cost of international money transfers reduces potential remittances. That is why startups are working on digital solutions to promote the financial inclusion of underserved communities.
Danish startup ARYZE develops financial inclusion tools. The startup’s MAMApay range of solutions optimizes and modernizes money management for individuals and businesses. Its solutions include a mobile payment app, a transparent financial services platform, and a checkout solution for businesses with physical or virtual stores. The startup’s tools reduce international money transfer costs to ensure almost all of the remittance money makes it back to developing countries.
Skillhus facilitates Diversity Hiring
Diverse workplaces have higher employee engagement, make better strategic decisions, and solve problems faster compared to non-diverse companies. However, many industries, such as tech and manufacturing, experience a serious lack of diversity. Diversity hiring solutions address this by recruiting more diverse candidates in all career stages. This helps companies go beyond the statutory inclusive hiring requirements, positioning themselves as equal opportunity employers.
Norwegian startup Skillhus enables companies to set up diverse and inclusive hiring practices. Through diversity training, it empowers hiring teams to improve diversity in leadership roles and minimize unconscious recruiting bias. Moreover, the startup also offers a recruitment platform for highly skilled international job seekers to match them with the right companies.
Ceretai improves Representation of Underrepresented Groups in Media
In recent years, there has been increased attention towards a lack of diversity in the media. To rectify this, media companies and production houses are taking steps to improve the representation of women and other marginalized communities. Even when the media features diverse actors, moderators, and more, implicit bias and stereotypes still exist. This is why startups are building solutions that measure and monitor diversity in content.
Ceretai is a Swedish startup that extracts insights on equality and diversity in audiovisual content. The startup’s tools use artificial intelligence to scan through large archives of customer databases or archives. The Diversity Dashboard then visualizes results, allowing media houses to monitor diversity in their content. It continuously tracks new content to see if it aligns with the customer’s diversity and inclusion strategy.
QuadFi provides Student Financing
Higher education is a way out of poverty for youth from poor communities. However, high rates of education loans often discourage students or trap them in debt. Education loans on the other hand involve high risk for the lenders. This is why FinTech startups are working on new models for student financing.
Canadian startup QuadFi develops an online lending platform for student loans. It uses machine learning and data analytics to reduce borrowing costs for young people and immigrants. Moreover, the startup accounts for information on alternative financial data and academic performance to customize rates to each borrower. The startup partners with lending institutions and universities to provide student financing at low rates and without co-signers.
Discover more Startups
Startups such as the examples highlighted in this report focus on zero hunger, no poverty, clean water & sanitation as well as taking climate action. While all of these technologies play a major role in advancing the UN’s SDGs, they only represent the tip of the iceberg. To explore more technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.