CASE STUDY
Lucy And Rapyd Go to Work For Entrepreneurial Women Everywhere
Rapyd helps Lucy offer financial services to women-owned businesses worldwide.
Rapyd Enables Lucy to Provide Financial Services to Women Worldwide
THE STORY
Lucy is a mobile banking and business-building services app for entrepreneurial women everywhere. Lucy provides carefully tailored financial and non-financial products and services that help female entrepreneurs to start and grow their businesses.
THE CHALLENGE
Given the same opportunities women entrepreneurs on average tend to be more than two times as successful as their male counterparts. However, they generally don’t have the same opportunities with banking and financial services.
Lucy knows that women are consistently underserved globally. Today 84% of small business loans go to male-owned businesses and more than 70% of female entrepreneurs are under-banked.
THE SOLUTION
Rapyd’s Global Payment Network gives Lucy unmatched reach and a complete suite of financial services that give women entrepreneurs access to banking and payments solutions. Women business owners put more than 90% of their profits back into family, education and healthcare. By empowering women to start and grow their own businesses, Lucy catalyzes growth for the global economy as a whole.
Lucy uses these Rapyd Products:
Rapyd Collect
Accept payments in 90+ countries with cards, bank transfers, ewallets and cash.
Rapyd Disburse
Payout to 190+ countries while cutting transfer and foreign exchange fees.
Rapyd Wallet
Simplify and manage funds with a robust ledger system and sub-wallet infrastructure.
Rapyd Issuing
Issue your own pre-funded cards that can be used to buy items in person, withdraw cash from ATMs or make purchases online.