AMP Global
Builds communities around great content, giving media companies deep insight into global youth audiences.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | $5.6m | Seed | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 27 % | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
AMP Global Technologies operates as a fintech enterprise focused on providing credit scoring and embedded lending infrastructure, primarily targeting underbanked consumers and small businesses in emerging markets. The company was founded by Derrick N. Ashong, a multifaceted entrepreneur with a background in media and technology, who also serves as its CEO. Ashong's journey, which includes his Emmy-nominated work as a host and producer, has informed the company's approach to leveraging media and community engagement to drive financial inclusion. He previously founded 'Take Back the Mic' (TBTM), an interactive talent competition and digital series, which has evolved into the ecosystem that powers AMP Global's financial solutions.
The company's core business model revolves around its proprietary credit scoring technology, which utilizes alternative data sources to assess the creditworthiness of individuals and businesses that lack a formal financial history. This service is designed to help financial institutions and other partners make more informed lending decisions, thereby expanding their potential customer base. AMP Global generates revenue by providing this credit scoring service and by embedding lending solutions within the platforms of its partners. This allows partners to offer financing directly to their users, creating a new revenue stream for them and a scalable distribution channel for AMP.
AMP Global's platform offers several key features. It provides an alternative credit scoring engine that analyzes non-traditional data points to create a more inclusive financial profile. The company also offers an embedded finance solution, allowing businesses to seamlessly integrate lending options into their existing digital experiences. This approach aims to address the significant credit gap in emerging economies by providing accessible financial products to populations often overlooked by traditional banking systems.
Keywords: fintech, credit scoring, embedded lending, financial inclusion, emerging markets, alternative data, micro-lending, SME financing, Africa tech, Derrick Ashong