60decibelsinc

Provides microfinance and impact measurement services

New York City, New York, United States

About 60decibelsinc

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. They generate revenue through initiatives like the Microfinance Index Top Impact Awards, which recognize businesses that positively affect their clients, and partnerships such as the one with AGRA’s Village Based Agents program. In 2023, 60 Decibels achieved record success, demonstrating the effectiveness of its impact measurement strategy and the importance of microfinance in enhancing financial resilience for borrowers.

New York City, New YorkHeadquarters
2019Year Founded
$10.2MTotal Funding
SERIES_ACompany Stage
Data & Analytics, Social Impact, Financial ServicesIndustries
501-1,000Employees

Benefits

Unlimited Paid Time Off
Flexible Work Hours

Risks

Increased competition from Dalberg Advisors could impact 60 Decibels' market share.
Expansion of the Microfinance Index may lead to scrutiny and performance pressure.
Data privacy concerns may arise from new tools accessing the MFI Index data.

Differentiation

60 Decibels uses Lean DataSM to turn customer voice into high-value insights.
The company focuses on microfinance, targeting underserved populations lacking traditional banking access.
60 Decibels' Microfinance Index provides high-quality, comparable social performance data globally.

Upsides

In 2023, 60 Decibels had its biggest year, showcasing effective impact measurement.
The Microfinance Index expanded to over 1 million data points, enhancing service benchmarking.
New data tools offer customizable insights, aiding strategic decision-making for clients.

Funding

Total raised$10.21 M
Latest valuation$44.00 M
StageSERIES_A
SERIES A
11/30/2021
$9
$44.00 M
SEED
6/30/2019
$2
$8.50 M