MVola, Madagascar's pioneering FinTech company, announced its recent international B Corp certification, establishing itself as the first in the Indian Ocean region and the second FinTech company in Africa to achieve this esteemed recognition.
The B Corp certification serves as a testament to MVola's unwavering dedication since 2010 to providing accessible and high-quality financial services while making a positive impact on society and the environment.
The B Corp certification is awarded by B Lab, an independent global organization that rigorously assesses companies based on strict criteria and is widely regarded as the gold standard for socially and environmentally responsible businesses. It uniquely evaluates a company's overall performance across various dimensions, including governance, communities, employees, and the environment.
By meeting these stringent requirements and implementing sustainable and responsible business practices, MVola has successfully distinguished itself. This certification solidifies MVola's commitment to ensuring equitable access to essential financial services for all Malagasy citizens.
Furthermore, obtaining the B Corp label signifies MVola's dedication to innovation and continuous improvement. B Corp-certified companies undergo re-certification every three years, highlighting their ongoing commitment to maintaining exceptional social and environmental performance.
MVola proactively integrates social and environmental considerations into its business operations and engagements with stakeholders, aligning them with the United Nations' Sustainable Development Goals. These efforts are reflected in their four strategic priorities:
- Talent & Entrepreneurship
- Population & Inclusion
- Innovation & Investment
- Environment
These strategic priorities serve as the focal points for MVola's endeavors, encompassing their commitment to fostering talent, promoting entrepreneurship, ensuring inclusivity within the population, driving innovation and investment, and protecting the environment.
