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NEW YORK, September 15, 2021 – Ladies’s World Banking is happy to announce the 4 finalists of its third annual Making Finance Work for Ladies Fintech Innovation Problem. The finalists, chosen from a pool of candidates from 34 nations, symbolize a essential wave of progressive fintech options designed to help low-income ladies’s financial empowerment and monetary inclusion within the face of COVID-19. This 12 months’s finalists are: Increase Capital, hiveonline, Mosabi, and Individuals’s Pension Belief.
“Our mission with the Fintech Innovation Problem is to find innovators which might be driving options designed for low-income ladies to undertake digital monetary companies – an current problem that’s additional exacerbated by COVID-19,” acknowledged Mary Ellen Iskenderian, President and CEO of Ladies’s World Banking. “In our third 12 months internet hosting this problem, we’re thrilled that 75% of this 12 months’s candidates are feminine founders, underscoring the unimaginable expertise and innovation of girls in fintech, and their dedication to empowering unbanked and underserved ladies in communities all over the world.”
The 4 finalists will obtain membership within the Ladies’s World Banking’s Community of Companions and may have the chance to current to a panel of judges and the viewers at Ladies’s World Banking’s digital Making Finance Work for Ladies Thought Management Sequence, which is able to happen on October 12, 2021. The judges – who embrace main consultants in world growth, enterprise and expertise — will vote to pick out two winners who will every obtain a slate of recent prizes, together with a custom-made UX design steerage session furnished by Visa Inc., an unique pitch assembly and suggestions session with Ladies’s World Banking Asset Administration Group, 4 1:1 management teaching and suggestions periods with one among Ladies’s World Banking’s govt coaches, and as much as $4,000 to be utilized in direction of the price of any NYU Faculty of Skilled Research persevering with training programs or certificates.
The Fintech Innovation Problem occasion may also characteristic a panel dialogue about methods to drive inclusive insurance policies for the fintech business, in addition to a hearth chat that includes the inaugural Feminine Founder Award winner. This new award honors one feminine founder within the competitors who demonstrates exemplary management in constructing an inclusive office, whereas additionally advocating for ladies’s monetary inclusion. This winner might be introduced in late September.
The Making Finance Work for Ladies Fintech Innovation Problem is sponsored by the Invoice & Melinda Gates Basis (Main Sponsor), Ernst & Younger LLP (EY US and Advancing Sponsor), and Novi (Supporting Sponsor). Ladies’s World Banking’s core funders are Australia’s Division of Overseas Affairs and Commerce (DFAT), the Swedish Worldwide Growth Company (SIDA) and the Visa Basis.
For extra info on the problem and to register for the occasion, please go to: https://www.womensworldbanking.org/fintech-innovation-challenge-2021/
In regards to the Finalists
Increase Capital permits end-to-end digital microlending expertise based mostly on progressive chat-style functions, permitting MSMEs in Cambodia to obtain loans extra conveniently and cheaply utilizing smartphones for each uncollateralized and collateralized loans.
hiveonline is constructing sustainable digital economies for communities of farmers in sub-Saharan Africa. Utilizing blockchain expertise, the corporate builds various credit score histories based mostly on business habits, facilitates market entry and supplies higher monetary returns to farmers in 5 nations.
Mosabi options AI-driven digital studying that helps grassroots entrepreneurs and MSMEs in sub-Saharan Africa to enhance monetary and enterprise selections and behaviors. A patented machine studying engine harnesses knowledge insights to spice up product engagement and general monetary well being; Mosabi matches customers to suppliers throughout a market of digital monetary companies and platforms.
Individuals’s Pension Belief presents voluntary, versatile and digitally pushed retirement merchandise, notably for casual employees in Ghana, to advertise monetary inclusion by guaranteeing they’ve a greater tomorrow.
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About Ladies’s World Banking
Ladies’s World Banking designs and invests in monetary options, establishments, and coverage environments in rising markets to create better financial stability and prosperity for ladies, their households, and their communities. With a worldwide attain of 57 companions in 32 nations serving greater than 69 million ladies purchasers, Ladies’s World Banking drives affect by way of its scalable, market-driven options; gender lens personal fairness fund; and management and variety applications. To be taught extra about Ladies’s World Banking, go to womensworldbanking.org.
Contact:
Conrad Jarzebowski
Director of Communications & Advertising
cpj@womensworldbanking.org
Chelsea Bennington
Digital Advertising Senior Affiliate
cb@womensworldbanking.org
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