Driven by the goal of becoming a leading digital solutions provider, Ethio Telecom has launched a telebirr-based digital financial marketplace that enables banks, microfinance, and insurance companies to make their financial products accessible and reach over 40 million users.   

The news, which was announced yesterday, December 21, 2023, also includes the development of a digital securities trading platform.

According to Ethio Telecom the digital financial marketplace is based on a credit scoring system that uses AI and customer-centric data analysis to evaluate credit worthiness without the involvement of collateral.

“The Digital Financial Marketplace provides a unified platform for financial institutions to offer microfinance services, including microcredit, saving, and insurance services, to their customers at competitive prices,” reads a statement shared by Ethio Telecom.

Ahadu Bank, Siinqee Bank, Enat Bank and Awash Bank are expected to join the platform, and approval from…

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