TSEF invests in software and services designed to help low income communities and organizations that serve them
Location: San Francisco, Kenya
Based in San Francisco, with a satellite office in Nairobi, Kenya, Angaza Design’s mission is to eliminate a major barrier to the adoption of clean energy in underserved markets: a lack of end-user financing. Over 1.2 Billion people around the world lack access to grid electricity and many more experience highly irregular service. The off-grid population typically purchases kerosene fuel and disposable batteries or burns wood to meet their energy needs, spending over $50 Billion per year and experiencing a range of health risks. Rather than tackling this issue with loans, Angaza’s SaaS product enables distributors to offer Pay-As-You-Go (PAYG) pricing. At the simplest level, Angaza allows a solar distributor to enable or disable a device in response to daily or weekly, mobile-based payments until a product is fully paid for. The company’s embedded M2M data transfer technologies and a cloud-based SaaS platform to enable manufacturers and distributors to achieve a 5x sales increase by offering products with Pay-As-You-Go (PAYG) pricing. Additionally, Angaza leverages usage and diagnostic data collected from every PAYG unit sold to predict customer credit risk, manage salesforce credit allocation and provide automated, remote after-sales support.
Location: Austin, TX
Aunt Bertha’s mission is to make human service program information more accessible to those in need in order to help more people reach self-sufficiency. In the United States there are 89,000 government organizations, over a million public charities and more than 300,000 congregations. Many of these organizations offer programs designed to help people with food, health, housing or education needs. But navigating through the information available can be intimidating – and all too often people give up and fall further into crisis. By organizing the world’s human service program information, people can easily find out which programs they qualify for in a matter of seconds. Aunt Bertha also helps human service organizations administer programs better by offering easy-to-use web-based case management software.
Location: New York
now owned by the Worker’s Benefit Fund, BeneStream offers large employers of low income workers help with Medicaid enrollment. As a result companies decrease the cost of healthcare and lower turnover. Workers get help finding the best affordable coverage and learning if they qualify for other government assistance programs, such as food stamps.
Location: San Francisco
Carbon Lighthouse has developed a software and data analysis platform that makes implementing energy efficiency projects 10x more effective with no capital expenditures. The company installs remote sensors across commercial real estate portfolios to help landlords optimize daily operations, increase savings and measure carbon impact.
Location: New York
Climb Credit is a financing platform for career and technical education (CTE) with a mission to expand access to quality education, and a vision to be the leading platform for discovery, assessment, and financing for those looking to increase their earning potential. Climb’s proprietary ROI calculation looks at the net cost of the vocational program (including tuition amount and lost wages while attending school) and compares that to the expected salary growth—all while factoring in the likelihood of graduation and job placement. They only partner with schools that have been vetted for quality and deliver results for students.
Location: Monterrey, Mexico
Clínicas del Azúcar offers low cost high quality diabetes care to low income Mexicans who have few other options for affordable care. With a subscription model, patients have access to a nutritionist, a doctor, blood work and prescriptions. Clinicas uses evidence-based algorithms for disease management and has reduced diabetes-related complications by sixty percent across the 120,000 patients they have seen. As of 2020, the company has 16 clinics and is offering telemedicine services in addition to in person visits during the pandemic.
Location: UK, US, Nepal, Kenya
CloudFactory was founded in Kathmandu, Nepal in 2010 to create meaningful employment opportunities by creating a distributed on-demand workforce. The company’s vision is to train one million cloud workers by offering flexible, well-paying and experience-building jobs with particular expertise in data entry and categorization as well as data tagging for machine learning applications. Their innovative platform allows cloud workers to work directly with clients and has connected 7,000 people in Nepal and Kenya to online work.
Location: Mason, Ohio
ConnXus helps grow small, woman, minority and veteran owned businesses by connecting them to Fortune 2000 corporate buyers. For large corporates, the company's cloud-based supplier management platform streamlines the administration of supplier diversity, cost-savings and resilance deepening initiatives.
Location: New York, NY
Driver’s mission is to improve road safety by providing the best-in-class, AI-based automotive technology to any individual with a smartphone across the world. Globally, 50 million people are seriously injured or killed in road traffic accidents each year. We believe this number should be zero. Driver partners with leading automative insurance providers to offer drivers steep discounts on insurance based on usage.
Location: New York, Sub-Saharan Africa
First Access combines financial and mobile data to reliably predict credit risk for borrowers in informal markets. First Access scores dramatically reduce costs and risk for lending institutions enabling lower interest rates and expanded access to financial services for the underserved.
Location: Mexico, Colombia, Spain and the United States
Frogtek helps small shopkeepers in Mexico manage their inventories through a free tablet-based software tracking system. The resulting data offers valuable insights into the purchasing behavior of mom and pop shops for consumer packaged good companies. Frogtek collects data from almost 3,000 shops across Mexico.
Location: New York, Liberia
Liberty & Justice (L&J) is an African manufacturing company and creator of the UNIFORM clothing label. L&J was established to transform the apparel supply chain from worker exploitation and environmental degradation to partnership and sustainability. The company offers supply chain transparency to a network of African apparel manufacturers.
Location: New York
Petal Card is a fintech direct to consumer credit card startup, offering credit lines to the millions of Americans without access to credit cards due to thin or no credit file history and scores. Today, ~65 million consumers in the U.S. lack a representative credit score - consumers are either new to credit (and thus penalized with a lower credit score) or have a weak credit score based on inappropriate measures of creditworthiness. Petal expands access to credit by leveraging a cash flow-based underwriting technique, monitoring cash flows into and out of an individual's bank account to determine their creditworthiness. The credit card is paired with a user friendly app and financial literacy modules. The result is an underwriting technology that scores more consumers, more accurately, and enables the extension of credit in better alignment with borrower risk profile, and with lower APRs than traditional credit card offers and no fees. Petal has the potential to extend access to credit to millions of Americans who were previously unable to access credit.
PharmaSecure is a software and techonology company based in India working to improve public health using mobile phones. The company offers SMS text based drug authentication to verify secure supply chains with over 4 billion products secured and 100 + clients.
Location: Las Vegas
Pigeonly provides a simple, affordable way for inmates to stay in touch with their families. Offering VOIP low cost phone calls, photos, letters and money transfers, as well as the largest national inmate directory.
Location: San Francisco
Bad nutrition directly causes serious medical conditions that you spend millions of dollars managing each year. Zipongo empowers your employees and health plan members to improve their nutrition, cutting your costs and improving overall engagement, productivity, and loyalty.
For a fraction of the price of comparable diabetes prevention programs (DPPs), Zipongo builds nutritious, healthy eating habits that have shown to have sustained impact, lowering risk of nutrition-related chronic disease. Integrations with local grocery stores allow discounts to be applied through the app, and online grocery ordering takes shoppers away from the targeted advertising of unhealthy food options.