• Save the Dates for AFSIC 2020, 5th-7th May 2020, Park Plaza Westminster Bridge, London

Olivia Zank

CEO & Founder

BeneFactors Ltd

Biography

Olivia is an economist and fintech entrepreneur, based in Rwanda. She has 7 years’ experience in ‘missing middle’ finance in East Africa, having started her career in the medium-sized credit market in rural Kenya 2011-2014. She then joined DFID as an evaluation officer, and later the Rwandan government as the Policy Advisor to the Minister of Trade Industry and East African Community 2015-2017. Here she led the technical development of the Rwandan governments’ strategy on private sector development, authoring e.g. the flagship Made in Rwanda Policy; the Private Sector Development Strategy 2018-2024 and the Special Economic Zone Policy. It was this work that led her to realise that there is a gap in the market for factoring services in Rwanda and beyond, which led her to found BeneFactors in August 2017. With BeneFactors she has introduced product innovation and developed a novel screening algorithm that allows BeneFactors to work with underserved firms. In the process, she also successfully advocated for regulatory changes to the National Bank of Rwanda to open space for new financial services in the country and is supporting the development of appropriate regulation. Based on their innovation, early traction and huge potential for scale, BeneFactors was selected the best Rwandan tech startup in 2018 by Seedstars World, a global startup pitching competition.

Olivia holds a MSc in Political Economy from SOAS with financial specialisation, and a diploma in Financial Modelling and Valuation from CFI.

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