NEW YORK, September 15, 2021 – Girls’s World Banking is happy to announce the 4 finalists of its third annual Making Finance Work for Girls Fintech Innovation Problem. The finalists, chosen from a pool of candidates from 34 nations, symbolize a important wave of revolutionary fintech options designed to help low-income girls’s financial empowerment and monetary inclusion within the face of COVID-19. This 12 months’s finalists are: Enhance Capital, hiveonline, Mosabi, and Individuals’s Pension Belief.
“Our mission with the Fintech Innovation Problem is to find innovators which are driving options designed for low-income girls to undertake digital monetary companies – an current problem that’s additional exacerbated by COVID-19,” acknowledged Mary Ellen Iskenderian, President and CEO of Girls’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 unbelievable expertise and innovation of ladies in fintech, and their dedication to empowering unbanked and underserved girls in communities around the globe.”
The 4 finalists will obtain membership within the Girls’s World Banking’s Community of Companions and may have the chance to current to a panel of judges and the viewers at Girls’s World Banking’s digital Making Finance Work for Girls Thought Management Collection, which can happen on October 12, 2021. The judges – who embody main specialists in international growth, enterprise and know-how — will vote to pick two winners who will every obtain a slate of recent prizes, together with a personalized UX design steering session furnished by Visa Inc., an unique pitch assembly and suggestions session with Girls’s World Banking Asset Administration Crew, 4 1:1 management teaching and suggestions periods with one in all Girls’s World Banking’s govt coaches, and as much as $4,000 to be utilized in the direction of the price of any NYU College of Skilled Research persevering with training programs or certificates.
The Fintech Innovation Problem occasion will even function a panel dialogue about learn how to drive inclusive insurance policies for the fintech trade, in addition to a fireplace 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 girls’s monetary inclusion. This winner might be introduced in late September.
The Making Finance Work for Girls 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). Girls’s World Banking’s core funders are Australia’s Division of International Affairs and Commerce (DFAT), the Swedish Worldwide Growth Company (SIDA) and the Visa Basis.
For extra data 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
Enhance Capital permits end-to-end digital microlending know-how primarily based on revolutionary chat-style purposes, 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 know-how, the corporate builds various credit score histories primarily based on industrial habits, facilitates market entry and gives 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 information insights to spice up product engagement and total monetary well being; Mosabi matches customers to suppliers throughout a market of digital monetary companies and platforms.
Individuals’s Pension Belief provides voluntary, versatile and digitally pushed retirement merchandise, notably for casual employees in Ghana, to advertise monetary inclusion by guaranteeing they’ve a greater tomorrow.
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 worldwide attain of 57 companions in 32 nations serving greater than 69 million girls purchasers, Girls’s World Banking drives impression by its scalable, market-driven options; gender lens personal fairness fund; and management and variety packages. To be taught extra about Girls’s World Banking, go to womensworldbanking.org.
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