ARED is a Hard Tech as Service (HAaS) company that has developed a solar kiosk platform to bring last mile distribution of prepaid services and digital connectivity to people belonging to low income groups.
Investment Rationale
ARED uses a scalable micro-franchise model that is an income game changer employing women, disabled individuals and refugees at its solar-powered kiosks. Using the coLABS funding, it is making its first international expansion into Uganda to market test its newest kiosk model, the Shiriki Hub.
Gray Matters Capital was excited to see the team’s sincere commitment to impact while deploying a needed tech innovation.
About Graymatterscap
Gray Matters Capital (GMC) is an Atlanta based impact investor with a gender lens that is on a mission to “Find a more purposeful life for 100 million women by 2036." Aligning with its mission is its strategy of making sector agnostic investments globally in for-profit enterprises whose products and services benefit women and girls at scale.
GMC sees education, primarily catering to under-resourced and low and middle income sections of the society, as a powerful tool to bring about gender equality and social equity. Over the past 12 years, it has focused on supporting the education ecosystem India by funding for-profit enterprises in the ‘learning to earning’ space, besides being pioneers in establishing the school finance industry catering to low cost private schools in India with Indian School Finance Company (ISFC); Pakistan with the set-up of Taleem Finance Company Ltd (TFCL), in addition to Nigeria (with EdFin Microfinance Bank).
GMC has till date funded over 80 enterprises across the world to the tune of US$ 125 million.
To know more, visit: graymatterscap.com
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