Press kit

About Oradian

Oradian in short

Oradian is the fintech company behind Instafin - the award winning core-banking platform for financial inclusion.

Oradian in more details

Oradian is the global technology provider developing solutions that enable financial inclusion. Our simple and intuitive cloud-based platform empowers financial institutions tackling the challenges to connect billions of potential clients at the base of the economic pyramid to financial services. We improve performance, access data in real-time, reduce costs and scale services quickly and efficiently.

Using a Software as a Service (SaaS) model, Oradian’s flagship product, Instafin, enables microfinance institutions, co-operatives and credit unions to serve the most rural clients affordably and effectively.

Our team of technologists, finance specialists and economic development team share a deep understanding of the very real challenges facing financial service providers in developing and frontier markets. Oradian is dedicated to bringing financial institutions the best possible solutions for their specific needs.

Mission and vision behind Oradian?

Oradian’s mission is to empower the delivery of financial services to the underserved and unbanked. Access to financial services is critical to transforming the lives and empowering people globally. More than 100,000 financial institutions – and growing – struggle to meet the demands of the 2.5 billion people worldwide at the base of the economic pyramid.

Oradian’s vision is to create the most intuitive and practical technology solutions for the financial inclusion sector. In our view, this vision entails using our deep understanding of the sector to provide best-in-class customer value and customer service while maintaining consistent and profitable growth. Oradian’s guiding principle is “Our customer’s success is our success.” Our business is about giving our customers user-friendly, cost-effective solutions and retaining those customers through exceptional service.

The core of our effort is connecting the base of the economic pyramid to the formal financial sector and digital economy - moving financial institutions from ZERO to ONE and allowing them to participate in the digital and financial ecosystem. Our goal is to connect 100,000,000 underserved families - impacting over half a billion people globally.

Instafin

Instafin, Oradian’s flagship product, is a core-banking platform built for practitioners by practitioners. Specifically designed for financial institutions servicing the base of the economic pyramid, Instafin is the operational platform on which these institutions: microfinance institutions, cooperatives and credit unions, manage their day-to-day operations.

From extensive experience working in close partnership with customers, Oradian has developed the best product and service according to our customers’ requirements and challenges - removing complexity, empowering the user and enabling growth.

Why our customers love Instafin:

  1. All-in-one solution: Using one service covering all areas of the business.

  2. Real-time information: access to all of their data in real-time and centralised way.

  3. Easy to use: The industry’s most intuitive user interface, optimised for day to day operations.

  4. Easy portfolio management: immediate feedback on who owes them money and when.

  5. Extremely low cost for growth.


Instafin was designed for simplicity, which makes it stand out against other overly complex offerings on the market. With our customers’ unique network restrictions in mind, we’ve developed Instafin to operate effectively in low bandwidth environments. In addition, the product’s decoupled architecture allow us to offer separate modules to customers who only need specific functionality.

What makes Instafin game changing?

Instafin is game changing on several levels. Firstly, the pricing model: we offer our service at a radically reduced price on a subscription basis that aligns our business goals with those of our customers. They grow, we grow.

Secondly, by delivering Instafin via the cloud through web and mobile apps, we can address many of the infrastructural and operational complexities these intermediaries grapple with on a daily basis.

The Basics

Where is Oradian based?

Oradian is based in Zagreb (Croatia) with offices in Lagos (Nigeria) and Manila (Philippines).

When was Oradian founded?

Oradian was founded in May 2012.

Founders

Oradian founders include: Antonio Separovic, Andrew Mainhart, Julian Oehrlein and Onyeka Adibeli. We have 34 employees, covering 13 different nationalities, spread across three continents.

Where does Oradian operate?

Oradian began operations in its core market, Nigeria, and has since rapidly expanded into other countries across West Africa. Given the global demand and scalability of Oradian’s products and services, we are developing regional partnerships and planning roll-out across the rest of Africa, with Latin America, South and Central Asia to follow.

Awards & recognitions:

  • Winner of Digital Finance‬ Plus (DF+) ‪Social Impact‬ Award for ‪Sub-Saharan Africa‬ at Mondato Summit Africa 2016

  • Winner of Beacon of Information and Communications Technology Awards 2016 - The Most Innovative Core ‪Microfinance‬ ‪Banking‬ Platform of the Year

  • Winner of Central European Startup Awards: Best Fintech Startup 2015

  • Winner of Wired Money 2015

  • Winner of Shift Split Conference Startup Competition 2014

  • Winner of the Pioneers Festival Startup Challenge 2014

  • DEMO Africa Swell Award Finalists 2014

The Background

How did Oradian start?

Oradian founders have all worked together in various capacities over the past decade in the microfinance technology space. The four found common ground in their shared frustration with the lack of technology solutions catering to specific needs of financial institutions serving the base of the economic pyramid.

Available solutions were a haphazard collection of homemade solutions, such as pen and paper, spreadsheets, given that available banking systems on the market were not designed for organisations of this scale or budget. In addition to the lack of product-market fit, the few of the available systems could scale with institutions as they grow.

The Impact

Financial inclusion explained

Financial inclusion refers to the removal of barriers to allow provision of financial services, including credit, savings, insurance, pensions, payments, and other financial products, to a broad base of the population, with particular focus on allowing access to financial products to poor, rural and disadvantaged groups.

Financial inclusion is increasingly being recognised as a crucial step in the global fight against poverty. Currently, 2.5 billion people around the world - half of the global adult population - do not have access to formal financial services, the majority of whom live in Africa, South & South East Asia, and Latin America.

Financial inclusion not only reduces poverty, but it fights inequality and promotes both education and job creation. Oradian’s customers are financial institutions, namely microfinance institutions, credit unions and cooperatives who promote equality and economic development in a number of ways, including:

  • Providing access to credit to small-scale entrepreneurs who would not qualify for standard bank lending.

  • Providing financial access and independence to women borrowers and savers, enabling them to better support and manage their households.

  • Developing targeted insurance products to protect vulnerable populations against potential loss, e.g. protecting agricultural entrepreneurs against crop failure or disease.

  • Servicing remote and rural populations outside of the coverage of traditional financial institutions.

Awards

Pictures

Downloadable images for press/media

Antonio Separovic

Antonio Separovic

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Julian Oehrlein

Julian Oehrlein

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Onyeka Adibeli

Onyeka Adibeli

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Oradian Founders 1

Oradian Founders 1

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Oradian Founders 2

Oradian Founders 2

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Oradian Founders 3

Oradian Founders 3

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Oradian Founders 4

Oradian Founders 4

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Team Oradian 1

Team Oradian 1

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Team Oradian 2

Team Oradian 2

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Oradian Clients 1

Satisfied customers after implementation

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Oradian Clients 2

Pen and paper business before implementation of Instafin

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Oradian Clients 3

Paperwork before implementation of Instafin

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Oradian Clients 4

Office Manager with paperwork before implementation

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Oradian Clients 5

Office Manager using Instafin

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Oradian Clients 6

Microfinance end client 1

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Oradian Clients 7

Microfinance end client 2

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Oradian Clients 8

Oradian customers

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Oradian Clients 9

Customer using Instafin on Tablet

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Antonio Separovic

Antonio Separovic

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Julian Oehrlein

Julian Oehrlein

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Onyeka Adibeli

Onyeka Adibeli

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Dion Buchbinder

Dion Buchbinder

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Team Oradian 3

Team Oradian 3

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In the media

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Contact

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Krvavi Most 2, Zagreb, Croatia

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+385 1 3333 860 - Zagreb

+44 208 133 6300 - London

+27 21 813 6679 - Cape Town