Michael Spencer is an ex-Wall Street implementation manager and veteran entrepreneur focused on bringing innovative business solutions to social problems in the developing world. Michael has 25+ years experience leading large-scale implementation projects for Fortune 500 companies such as Goldman Sachs, Credit Suisse, Bank of New York, Lloyds of London and British Telecom.


In 2010, Michael founded SmartMoney to address the unmet demand for mobile money services among rural populations throughout the developing world. SmartMoney leverages an innovative business model, local partnerships and a proprietary GSM-based mobile money platform to provide the many social benefits of mobile money to impoverished rural families. Revenues are generated from partnerships with local SMEs who realize operational cost savings benefits.