60decibelsinc

60decibelsinc

Provides microfinance and impact measurement services

About 60decibelsinc

Simplify's Rating
Why 60decibelsinc is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Social Impact

Financial Services

Company Size

501-1,000

Company Stage

Series A

Total Funding

$10.5M

Headquarters

New York City, New York

Founded

2019

Overview

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. 60 Decibels generates revenue through its Microfinance Index Top Impact Awards, which recognize businesses that positively affect their clients, and through partnerships, such as with AGRA’s Village Based Agents program. In 2023, the company achieved record success, demonstrating the effectiveness of its impact measurement strategy. Their research indicates that microloans help borrowers manage emergency expenses and improve their financial management and savings.

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Simplify's Take

What believers are saying

  • 60 Decibels had its biggest year on record in 2023, showing strategy effectiveness.
  • Partnerships like with Advans Group enhance the impact of their microfinance services.
  • The expansion of the Microfinance Index offers robust data for service improvement.

What critics are saying

  • Increased competition from Dalberg Advisors could divert potential clients and partnerships.
  • Expansion of the Global Microfinance Index may dilute 60 Decibels' unique value proposition.
  • Clients in Southeast Asia report poorer outcomes, potentially harming reputation in that region.

What makes 60decibelsinc unique

  • 60 Decibels uses Lean DataSM to turn customer voice into high-value insights.
  • The company focuses on microfinance, targeting underserved populations and small businesses.
  • 60 Decibels' Microfinance Index provides unique, high-quality social performance data.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$10.5M

Below

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
Discord
$8.8M
60decibelsinc
$15M
Canva
$30M
Kalshi

Benefits

Unlimited Paid Time Off

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

0%
Advans International
Feb 24th, 2025
Advans Group committed to a measurable impact with 60_Decibels

To tackle this challenge, Advans has been collaborating since 2022 with 60_Decibels, a research firm specializing in the collection and analysis of social impact data for international microfinance institutions.

Business Wire
Mar 26th, 2024
ダルバーグ、 米国国際開発庁(Usaid)と民間企業の協力を強化する5年契約を受注

ワシントン--(BUSINESS WIRE)--(ビジネスワイヤ) --. ダルバーグ・アドバイザーズ(https://Dalberg.com/)は、米国国際開発庁(USAID: https://www.USAID.gov/)が民間セクターと連携して開発および人道面で成果をあげるためのサポートを行うアドバイザリー業務の枠組み契約となる、「民間セクターとの連携に関する戦略的協力および最先端エンゲージメント」(PSE SCALE)プログラムを受注したと発表しました。今回の総額9,910万ドルの5年契約を通じて、ダルバーグとそのパートナーはUSAIDが世界各地の民間セクターとのパートナーシップを加速させ、民間企業と協力する能力に変革をもたらすサポートを行っていきます。. PSE SCALEは、20年以上にわたりUSAIDが行ってきた取り組みの延長線上にあり、同庁の開発および人道面での目標を達成する目的で民間セクターとの提携と投資を増やしていこうというものです。これはUSAIDが民間セクターと協力する能力を向上させるための主たる仕組みであり、民間セクターのエンゲージメントの拡大または加速を目指すUSAIDのミッションや業務部門に対して幅広い技術・アドバイザリーサービスを提供します。業務には、戦略開発、組織有効性、人材開発、連携円滑化、市場調査などのサポートが含まれます。ますます複雑化するグローバル環境において、この取り組みの目的は、新しい市場における成長とイノベーションの推進、リスクの軽減、持続可能な目標の推進を目指す企業にとって、USAIDを有能で重要なパートナーに位置付けることです。

Business Wire
Mar 25th, 2024
Dalberg中标5年合同,加强美国国际开发署(Usaid)与私人部门的合作

华盛顿--(BUSINESS WIRE)--(美国商业资讯)--. Dalberg Advisors (https://Dalberg.com/)宣布中标私人部门委托战略合作与前沿委托(Private Sector Engagement Strategic Collaboration and Leading-Edge Engagement,“PSE SCALE”)计划的咨询服务框架协议,为美国国际开发署(USAID:https://www.USAID.gov/)委托私人部门来实现发展和人道主义目标提供支持。在这项为期五年、总价9910万美元的合同中,Dalberg及其合作伙伴将为USAID提供支持,以加快与全世界私人部门的合作,转变该机构与私人部门合作的能力。. PSE SCALE是USAID 20多年工作的延伸,不断加大与私人部门的合作与投入,以实现该机构的发展和人道主义目标。该计划是升级USAID与私人部门的合作能力的主要机制,将为USAID使团和运作部门提供广泛的技术和咨询服务,以扩大或加速对私人部门的委托。相关活动包括提供战略制定、组织效能、人才发展、合作促进、市场调研等方面的支持。随着全球环境的越来越复杂,这一工作的目标是使USAID成为相关公司有能力且至关重要的合作伙伴,推动新市场的增长和创新、减少风险以及促进可持续发展目标。

Business Wire
Mar 25th, 2024
Dalberg Recebe Contrato De 5 Anos Para Fortalecer O Trabalho Da Agência Dos Estados Unidos Para O Desenvolvimento Internacional (Usaid) Com O Setor Privado

WASHINGTON--(BUSINESS WIRE)--A Dalberg Advisors (https://Dalberg.com/) anunciou a concessão do programa Private Sector Engagement Strategic Collaboration and Leading-Edge Engagement (“PSE SCALE”), um acordo-quadro de serviços de consultoria que apoiará a Agência dos Estados Unidos para o Desenvolvimento Internacional (USAID: https://www.USAID.gov/) para envolver o setor privado para alcançar resultados humanitários e de desenvolvimento. Por meio do contrato de cinco anos e US$ 99,1 milhões, a Dalberg e seus parceiros apoiarão a USAID para acelerar as parcerias com o setor privado em todo o mundo e transformar a capacidade da Agência de trabalhar com o setor privado. O PSE SCALE é uma extensão de mais de 20 anos de esforços da USAID para aumentar a parceria e o investimento com o setor privado para atingir as metas humanitárias e de desenvolvimento da Agência. Ele representa o principal mecanismo para melhorar a capacidade da USAID de trabalhar com o setor privado e fornecerá uma série de serviços técnicos e de consultoria para as missões e unidades operacionais da USAID que buscam expandir ou acelerar o envolvimento do setor privado. As atividades incluem apoio ao desenvolvimento de estratégias, eficácia organizacional, desenvolvimento da força de trabalho, facilitação de parcerias, pesquisa de mercado e muito mais. Em um ambiente global cada vez mais complexo, o objetivo desse trabalho é posicionar a USAID como uma parceira capaz e vital para as empresas que buscam impulsionar o crescimento e a inovação em novos mercados, reduzir os riscos e avançar nas metas de sustentabilidade

Business Wire
Mar 25th, 2024
Dalberg獲得旨在強化美國國際開發署(Usaid)與私人部門合作的五年期合約

華盛頓--(BUSINESS WIRE)--(美國商業資訊)--. Dalberg Advisors (https://Dalberg.com/)宣布獲得私人部門參與策略性合作和領先參與(“PSE SCALE”)計畫的合約。該計畫是一項顧問服務架構協議,將支援美國國際開發署(USAID: https://www.USAID.gov/)與私人部門合作,以實現發展和人道主義方面的成果。透過這份為期五年、價值9910萬美元的合約,Dalberg及其合作夥伴將支援USAID加快全球私人部門的合作夥伴關係,並提高該署與私人部門合作的能力。. PSE SCALE是USAID逾20年工作的延伸,旨在強化與私人部門的合作和投資,以達成該署在發展和人道主義方面的目標。它是提升USAID與私人部門合作能力的旗艦機制,將為尋求擴大或加快私人部門參與的USAID代表機構和業務單位提供一系列技術和顧問服務。這些活動包括支援策略制定、組織有效性、勞動力發展、夥伴關係促進、市場研究等。在日益複雜的全球環境中,這項工作的目標是使USAID成為能力卓著的重要合作夥伴,以服務於尋求在新市場推動成長和創新、降低風險並推進永續發展目標的公司。

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