“Technology for the underserved is catching on — slowly”
SAN FRANCISCO — While the debate rages over tech’s record on diversity and economic inclusion, there is little argument over the intentions of venture-capital firm Accion and its clients, which include start-up Quippi.
They’ve teamed up to offer technology for the underserved, those typically either unable to afford tech or gain ready access to it. It’s a multibillion-dollar opportunity in multiple markets. “The market is ripe for disruption,” says Michael Aleles, CEO of Quippi, which offers what it says is the first international shopping card that lets immigrants send money home without being gouged by onerous wire-transfer fees. The market is pegged at $22 billion between the USA and Mexico, where Quippi is focusing its first efforts.