Touch a billion people through innovative technologies and alliances at the bottom of the pyramid for delivering multiple financial services at the lowest cost through mainstream financial institutions

Board Members and Management

Board Members and Management

ALW has an impressive track record of creating commercially viable innovative technology solutions that have been hived off as separate entities after receiving investment from renowned investors:

MCHQ (now mChek) : Mobile to mobile payment solution developed by ALW was sold off in mid 2006 to an independent SPV formed through a co-investment from Draper Fisher Jurvetson, Rajesh Jain and Dr. Syed A.R. Zaidi (former Angel Investors in ALW)

Go-Mumbai : Low cost contact-less smart cards (branded GO-Mumbai) for automatic fare collection used on high-tech validaters in BEST buses and platforms of local suburban railway stations sold to an independent SPV formed by Khaleej Financial Investments (KFI, Bahrain – now Capivest) in May 2006. Over 600,000 Go-Mumbai cards have been issued in Mumbai until March 2008. ALW continues to retain exclusive rights for use of the Go-Mumbai in NFC mobile phones and Dual Interface SIMs.

Investors

Milestones & Presence

  • Launch of ZERO FI Platform
  • Launch of SmartChange with SBI / MotherDairy / Safal
  • Launch of SmartChange with SBI / Amul / GCMMF