Story of Impact:
Shivani Siroya, Founder of InVenture, attended the Unreasonable Institute in 2011. At that point, Shivani had a bold vision to unlock access for billions of creditworthy individuals around the world. She knew that while 2.5 billion people did not have any kind of formal credit score that could help them qualify for formal loans, 90% of the world’s population did have access to a mobile phone.
So, she thought, why not use that mobile access to give the underserved and unbanked access to a financial identity that could help them qualify for the resources they need? Although Shivani had tested her model prior to the Institute, received funding and had a small team in LA and India, InVenture was just getting off the ground. She needed resources and support to help turn her vision into reality.
At the Unreasonable Institute, Shivani received the mentorship and community of support she needed to turn her early idea into a thriving company.
Since Unreasonable, InVenture has grown into a leading mobile technology and data science company accelerating the emergence of 3 billion unbanked people into the global middle class. Having grown from a team of 3 to a team of 19, with offices in Mumbai and Nairobi, the company’s work has been recognized by USAID, the Economist, Vodafone, Bloomberg, and Forbes. Shivani went on to be named a 2013 Ashoka Fellow and 2015 TED Senior Fellow.
Shivani says of her Unreasonable experience: “The Unreasonable Institute forces you to always think big. By watching your peers and meeting mentors and advisors, by the end of the Institute you have the confidence and support to solve big problems. You also develop friendships and connections to a global community that provides inspiration, personal support, and further networks in solving the even bigger challenges that will come along the way!”