Amount lost each year through global illicit outflows
Amount of Official Development Assistance (ODA) money donated by OECD countries each year
Amount of Official Development Assistance (ODA) money lost each year
Amount of UK Social Welfare lost each year through inefficiencies
AID:Tech brings transparency and efficiency to the distribution of resources by governments, NGO’s and charities.
European Commission Social Innovation Competition Semi-Finalist 2016
Irish Times 2016 Innovation Awards Shortlisted Company
UKTI Global Entrepreneur Program
The Europas 2016 Shortlisted Company – Best Humanitarian Tech of The Year
Increasing Transparency, Accountability and Efficiency
Transforming Syrian Refugees Lives in Lebanon - December 2015
AID:Tech partnered With an International Aid Agency To Deliver $10,000 From Private Donor’s To Syrian Refugees
How Our Intelligent Voucher System Works
The Intelligent Voucher solution is designed to be managed remotely; including real-time monitoring and voucher top-ups.
We’re working with superstars from AID:Tech to design a proof of concept for remittance transfers over blockchain that would be cheaper (in looking to cut out an intermediary a la Western Union) and targeted towards specific needs. Think using remittances to pay energy or phone bills and purchase food.
AID:Tech is an example of cutting edge technology delivering tangible solutions to real problems: providing security, traceability and scalability of payments in places and markets traditional banks and payments providers can’t reach and won’t cover. AID:Tech helps the world’s charities and aid agencies to deliver life-saving resources to those in real need. In doing so, it also builds a platform for sustainable, socially progressive finance.
We partnered with AID:Tech on their recent pilot project to Lebanon and we were able to view every transaction in real-time. We see great potential for their technology and are currently exploring a number of options with them. This is a very innovative solution that will have potential both at home and overseas
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