Finance

Financial machinery was built for institutions. These are the places where everyone else falls through.

Ed. 1

FinanceProblem 0007

Small firms are assessed on documents they were never required to produce. Audited accounts, filed returns and collateral registries are what credit models expect; a profitable shop with a phone, a supplier relationship and ten years of trading has none of them. The lender cannot see the business, so the business does not exist to the lender, and the money goes to whoever already had the paperwork.

Who lives with itOwner-managed and informal firms · community and development lenders · the suppliers already extending them credit informally

Why nowThe IFC estimates an unmet financing need of about $5.2 trillion for formal micro, small and medium enterprises and a further $2.9 trillion for informal ones, with roughly 70% of MSMEs in emerging markets lacking adequate finance: firms that together account for around 70% of employment worldwide.

Why it matters · the JudgeThe signal exists and is being thrown away: supply ledgers, payments, logistics records and phone data describe a business more honestly than a filed account. Turning transaction exhaust into a defensible credit view is the product, and the financing gap it would help close is measured in trillions.

Inspired by reporting from International Finance Corporation

A funded startup to make a dent in

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Ed. 1

FinanceProblem 0018

Insurers are withdrawing from places where people still live and still owe money. The mortgage requires cover; the cover depends on a risk model that has stopped holding. Homeowners find out at renewal, with weeks to replace a policy that may not exist at any price, and often no accepted way to show an insurer the work they have done to make the building safer, because that evidence is rarely collected in a form an underwriter will accept.

Who lives with itHomeowners in high-risk areas · mortgage lenders and brokers · local authorities watching values move

Why nowIn January 2025 the US Treasury's Federal Insurance Office, drawing on over 330 insurers and 246 million policies, found non-renewal rates in the highest climate-risk ZIP codes running about 80% above the lowest, with premiums averaging 82% higher.

Why it matters · the JudgeNobody owns the gap between the loan and the policy, and the one thing that would narrow it (verified, property-level evidence of risk reduction) is what neither side routinely collects.

Inspired by reporting from U.S. Department of the Treasury

A funded startup to make a dent in

LinkedIn Send to someone

Solve it →Full problem

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2 problems. Pick one.Bring a problem

Finance

Invisible small-firm credit Small firms can't prove a trading history lenders accept

Withdrawn home insurance Homeowners lose insurance their mortgage still requires