About

60 Decibels focuses on providing financial services to underserved populations, particularly micro and small businesses and women who lack access to traditional banking. The company collects and analyzes data to measure the impact of its services, gaining insights into customer experiences and challenges. This data-driven approach helps improve their offerings and maximize social impact. Unlike competitors, 60 Decibels also recognizes top-performing businesses through its Microfinance Index Top Impact Awards and partners with programs like AGRA’s Village Based Agents to enhance its reach. The goal is to generate positive social impact and improve financial resilience among clients, as evidenced by their research linking microloans to better financial management.

Simplify's Take

What believers are saying

• 60 Decibels' record-breaking year in 2023 underscores the effectiveness and growing demand for their impact measurement services.
• The company's research demonstrates a positive correlation between microloan usage and improved financial resilience, showcasing the tangible benefits of their services.
• Their extensive data collection and analysis capabilities, including the MFI Index, provide valuable insights that can drive continuous improvement and innovation in microfinance.

What critics are saying

• The niche focus on microfinance and underserved populations may limit market size and growth potential compared to broader financial services.
• Dependence on partnerships and awards for revenue generation could pose risks if these sources become unstable or less lucrative.

What makes 60decibelsinc unique

• 60 Decibels uniquely combines data analysis with microfinance to measure and enhance social impact, setting it apart from traditional financial services.
• Their Microfinance Index Top Impact Awards and extensive partnerships, such as with AGRA’s VBAs program, highlight their commitment to recognizing and scaling impactful financial services.
• The company's focus on underserved populations, particularly women, and its data-driven approach to improving financial resilience, provide a specialized niche in the financial services sector.