🎉 Singlify 2023: A Year to Remember – Milestones, Growth & Exciting Innovations 🚀
As we reach the end of an incredible year, I wanted to take a moment to reflect on the success we’ve experienced at Singlify and to express our gratitude for your support and partnership.
In this 2023 Year in Review, I’m excited to share the major milestones we’ve reached this year – and how they have contributed to empowering organisations like yours.
1. Customising Singlify for UK Credit Unions with Fair4All Finance 🔧💷
With great pride, we announced our partnership with Fair4All Finance, securing funding to customise Singlify specifically for UK credit unions. Since receiving the funding it has been full steam ahead with design and development. As a result we will deliver the first release of Singlify for Credit Unions to customers in early 2024 as promised in earlier announcements.
Partnerships are a cornerstone of our product strategy across all our customer segments. We have already developed integrations with a number of innovative 3rd party solutions who are helping credit unions to optimise their loan origination processes. Others will follow in 2024. Such collaborations not only broaden our reach and influence, but also foster a shared vision of empowering credit unions to better service their communities.
2. Breaking Even Financially & Celebrating Our Social Enterprise Model 💪💼
Separate from the UK credit unions initiative, in our core business of CDFIs and MFIs, we continued to add new customers in 2023 and saw some of our existing customers expand their use of Singlify. As a result of our unique social enterprise driven financial model our impact became even stronger this year as we reached break-even point financially. This milestone demonstrates our sustainable growth and dedication to being a trusted long term partner for all Inclusive Finance Providers.
While our primary purpose is not to generate profit for shareholders, a level of profitability is critical to our continued innovation and long term variability.
3. Embracing “By The Sector, For The Sector” Approach To Product Design 🌐🔧
This year, we further developed our “by the sector, for the sector” philosophy. By working closely with six credit union partners and other sector specialists we have gained a unique insight into the technology needs of our new credit union sector. This has helped us to prioritise our product development efforts and ensured that our first release scheduled for early 2024 will deliver immediate and lasting impact. This approach will continue to form the foundation of all our product design efforts in future projects, both for our existing sectors as well as new ones.
While doing all this we added new members to the team in product management, development and sales/marketing. All of which add to our ability to deliver more in 2024. The recent difficult financial climate has put increasing pressures on both personal and business finances and made the role of credit unions, CDFIs and MFIs even more critical. At all times as a company and as individuals we need to maintain our focus on delivering technology that will aid these organisations in supporting those that are excluded from traditional financial services.
We couldn’t have achieved these incredible milestones without your continued support and feedback. Thank you for journeying with us through the highs and lows of 2023.
Warmest regards,
Maarten Rooney
CEO, Singlify
