Standard Chartered’s innovation and fintech investment arm SC Ventures has partnered with fintech Yabx to offer consumer finance in Africa. The companies will offer “purpose-driven loans” in Uganda, focusing on education, skill development, and gender, before expanding to other African markets. The companies are leveraging the impact of the Covid-19 pandemic to digitize banking and access to credit for underbanked customers. The partnership aims to provide a seamless experience, using technology and data to serve the underserved in Africa.