Applications Invited for Fintech Innovation Challenge

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About the Organization

Women’s World Banking is dedicated towards economic empowerment through financial inclusion to the one billion women in the world without access to formal financial services. Using our sophisticated market and consumer research, we turn insights into real action to design and advocate for policy engagement, digital financial solutions, workplace leadership programs and gender lens investing.

About the Challenge

In the past few years, we have seen a dramatic increase in the adoption of digital financial services by women. Based on the latest Global Findex Report, for the first time in a decade, the gender gap has decreased from 9% to 6% in key emerging markets, thanks in part to an increased number of low-income women leveraging digital financial services.

Now is the time to build on this momentum and leverage digital financial services as an on-ramp for low-income women customers to adopt and use a large suite of formal financial products and services. Low-income women represent a large, untapped market opportunity for digital financial services providers, and fintechs, in particular, who can leverage technology innovation to break the persistent challenges in closing the gender gap in financial services.

The 2023 Fintech Innovation Challenge is inviting applications from fintechs pioneering innovative financial solutions that break the persistent challenges in serving the low-income women’s market.

Who should apply?

You should apply if your fintech meets the following criteria:

• You are a fintech leveraging technology to provide financial solutions for underserved, low-income women. Solutions do not need to be exclusively for women but should demonstrate a deliberate intent to close the gender gap in financial services.
• Your focus is on serving customers in emerging markets.
• Your fintech is preparing for Series A or later and can demonstrate a minimum viable product and a path to profitability.

How to Apply

Apply Now

Deadline: September 15, 2022

For more information please check the Link