Refugees arriving in many countries in Europe are denied access to basic financial services traditionally provided by banks due to their inability to provide official proof of residence or ID. With our software, we enable NGOs to provide peer-to-peer financial services to refugees without requiring partnerships with financial institutions or navigating of cumbersome regulatory landscapes.
Arcadia empowers NGOs to offer “identityless”, peer-to-peer cash transfer and other financial services to refugees. Our impact goals are threefold:
Increase operational efficiency and revenue for NGOs
Enable refugees and donors to connect with each other on a peer-to-peer level
Enable refugees to have free agency to start businesses, transfer and receive cash, and administer their money as they see fit.
We believe these three goals support the vision of our company: independence and self-agency for refugees, a better integration with their host communities, and a welcoming society that embraces refugees as valued, equal contributors.
QWhat positive social or environmental do you aim to generate?
Financial inclusion of refugees into the local economy.
QWhat has your organisation enabled so far in quantified terms (e.g. 20% efficiency gain, 100 beneficiaries received aid in the past six months) and what are the next steps?
QWhy are you specifically using blockchain in your project?