10 later stage fintechs pioneering progressive monetary options for the low-income girls’s market introduced as semifinalists; first-ever Feminine Founder’s Circle individuals named
November 2, 2022 – On the Singapore FinTech Competition in the present day, Girls’s World Banking introduced the ten semifinalists for the 2023 Fintech Innovation Problem, a world competitors to focus on and advance options to shut the gender hole by means of digital monetary providers. Now in its fourth 12 months and the one women-centered competitors for later stage fintechs, the Problem will present a platform for these firms to proceed working to handle the persistent challenges in serving the low-income girls’s market.
The ten Fintech Innovation Problem semifinalists had been chosen from a pool of 98 extremely certified candidates throughout 34 nations. Candidates had been judged based mostly on rigorous standards by an knowledgeable Advisory Committee that evaluated a number of elements, together with product innovation, gender inclusivity, monetary viability, scale potential and staff expertise and variety.
- 50% of semifinalist options give attention to credit score for women-led MSMEs, 40% give attention to sending and receiving cash, and 10% give attention to past cash options
- 7 nations are represented
- 7 are based or co-founded by a girl entrepreneur
As well as, of the ten semifinalists, 7 female-founded fintechs be a part of Girls’s World Banking’s first-ever Feminine Founder’s Circle. This unique community of like-minded female-founders shall be promoted by means of a strong built-in communications, advertising and marketing and media marketing campaign.
“I’m thrilled to see such extremely certified candidates advance as semifinalists of our 2023 Fintech Innovation Problem and to announce the individuals in our first-ever Feminine Founder’s Circle,” Mary Ellen Iskenderian, President and CEO of Girls’s World Banking. “All 10 semifinalists, together with these within the Feminine Founder’s Circle, are creating progressive options and merchandise to effectively meet the wants of low-income girls in ways in which conventional monetary providers suppliers can’t or gained’t. I’m excited to see their continued participation in our competitors.”
The 4 finalists shall be introduced on January 9, 2023. Finalists within the Problem will take part in an in-person pitch competitors at Girls’s World Banking’s bi-annual World Summit going down in 2023, and be fast-tracked for participation within the Girls’s Financial Empowerment Accelerator, powered by the Miller Middle for Social Entrepreneurship at Santa Clara College. They can even obtain pitch recommendation and a UX design session. The Grand Prize winner will obtain entry to key 2023 fintech occasions like Level Zero Discussion board, Elevandi Connects, and the Singapore FinTech Competition, in addition to a speaker invitation at a Girls’s World Banking Making Finance Work for Girls occasion.
See the total record of the 2023 Fintech Innovation Problem semifinalists under:
- Amartha
- ARTH – Feminine Founder Circle Participant
- Awaaz.De Infosystems – Feminine Founder Circle Participant
- DotX Applied sciences
- GajiGesa – Feminine Founder Circle Participant
- HAMWE East Africa – Feminine Founder Circle Participant
- IndiaP2P – Feminine Founder Circle Participant
- MeraBills – Feminine Founder Circle Participant
- MoneyMart Finance – Feminine Founder Circle Participant
- Paycode
The Fintech Innovation Problem is sponsored by the Invoice & Melinda Gates Basis (Main Sponsor) and Ernst & Younger LLP (EY US and Advancing Sponsor). Girls’s World Banking’s core funders are Australia’s Division of Overseas Affairs and Commerce (DFAT), the Swedish Worldwide Improvement Cooperation Company (SIDA), and Visa Basis. In-kind prizes are supplied by Elevandi and Miller Middle for Social Entrepreneurship at Santa Clara College.
About Girls’s World Banking
Girls’s World Banking designs and invests in monetary options, establishments, and coverage environments in rising markets to create better financial stability and prosperity for girls, their households, and their communities. With a World Community attain of 61 monetary providers suppliers in 34 nations serving greater than 136 million girls shoppers, Girls’s World Banking drives impression by means of its scalable, market-driven options; gender lens personal fairness fund; and management and variety applications. To be taught extra go to womensworldbanking.org.