We Turn Mobile Sim Cards Into Bank Accounts for the Emerging World

Fonbnk LLC (“Fonbnk” or the “Company”) is new distributed finance company, providing borderless banking infrastructure directly to unbanked people around the world using the mobile internet. Anyone with a prepaid mobile SIM card and a verified online identity can now have a global stored value (bank) account for FREE by recharging their existing mobile phones; the analog model would be a global version of Venmo that uses prepaid mobile airtime as its medium of exchange. This presentation specifically talks about COVID-19 (Crisis) in addition to ongoing case studies on how airtime can be used as a cash equivalent; medium of exchange, store of value and remittance utilising the Company’s platform.