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
BeneStream’s outsourced Medicaid enrollment system enables employers to save 90 percent of the health insurance costs for their low-income workers, while complying with the ACA. Recognizing an unprecedented opportunity in the Affordable Care Act (ACA), BeneStream developed a new, workplace-based model for benefits enrollment that will help millions of eligible working-poor families claim critical Medicaid and food stamps benefits. For families, this translates into better health, increased financial security, and the chance to improve their lives.
Location: San Francisco
Carbon Lighthouse has developed a software and data-analysis platform that makes implementing energy efficiency projects 10x more cost-effective than ever before possible. Their highly trained energy engineers use the platform to drive great financial returns for commercial real-estate clients, and even more importantly, the platform enables them to work across a client's entire portfolio -- regardless of building size or initial efficiency -- dramatically increasing the total economic opportunity and enabling buildings to become carbon neutral profitably.
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 is revolutionizing the way diabetes care is delivered in developing countries and for the fourteen million patients with diabetes in Mexico. With a $1,000 per year price tag, comprehensive treatment is out of reach for ninety percent of Mexico’s population. Many patients have to use the public health care system where confirming the necessary appointments with a wide range of specialists can take months and yield uncoordinated treatment plans. Clínicas del Azúcar’s one-stop-shop health clinics and $200-$300 subscription payment model is a cost effective alternative for these patients. Through their evidence-based algorithms for disease management, their clinics have reduced diabetes-related complications by sixty percent and cut waiting and consultation times by eighty percent.
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 emerging markets to manage their inventories. With Frogtek's Tiendatek software, a tablet and a barcode scanner, shopkeepers register transactions, get useful metrics and charge credit cards. Frogtek's data fuels Tiendatek Data, a Marketing Analytics tool used by companies like Unilever and Bimbo, who can now, for the first time, access this valuable information.
Location: New York, Liberia
Liberty & Justice (L&J) is Africa’s leading Fair Trade Certified™ apparel manufacturing company and the creator of the UNIFORM clothing brand. L&J specializes in value chain management for high-volume, time-sensitive, duty-free goods for leading American clothing brands, trading companies, and other importers who care about exceptional quality, on-time delivery, social and environmental impact, and geographic diversity.
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 technology company working to improve public health using mobile phone technology. PharmaSecure's mission is to help pharmaceutical companies protect their drugs against counterfeiters, to connect patients with safe medicines and accessible health care and to provide market intelligence.
PharmaSecure works with pharmaceutical companies to print unique, randomly generated codes on medicine packages. These identification codes serve two purposes: First, they allow manufacturers to track each strip or blister pack and shipping carton they produce. Second, patients can text the identification code to a phone number also printed on the package and instantly verify that the medicine is genuine. When patients verify their medicines by SMS, they gain access to a mobile health platform, allowing them to choose from a menu of SMS-based applications from a variety of providers. Current apps include reminders to take and refill medicines, quick connections to a health care expert and health tips.
Location: Las Vegas
Pigeonly builds technology products for the overlooked and underserved. In their first year they've launched two products, Fotopigeon and Telepigeon, that address and solve communication barriers between inmates and their support network of family and friends.
Fotopigeon, Pigeonly's first product allows users to send printed photos to their incarcerated loved one directly from their cell phone, tablet or computer. Telepigeon, a VoIP phone service, provides inmates a cost effective alternative to otherwise expensive prison phone calls.
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.