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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 modern fintech options designed to help low-income ladies’s financial empowerment and monetary inclusion within the face of COVID-19. This yr’s finalists are: Enhance 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 present problem that’s additional exacerbated by COVID-19,” acknowledged Mary Ellen Iskenderian, President and CEO of Girls’s World Banking. “In our third yr internet hosting this problem, we’re thrilled that 75% of this yr’s candidates are feminine founders, underscoring the unbelievable 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 Girls’s World Banking’s Community of Companions and can 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 Sequence, which can happen on October 12, 2021. The judges – who embody main specialists in world growth, enterprise and know-how — will vote to pick out two winners who will every obtain a slate of latest prizes, together with a custom-made UX design steering session furnished by Visa Inc., an unique pitch assembly and suggestions session with Girls’s World Banking Asset Administration Workforce, 4 1:1 management teaching and suggestions classes with considered one of Girls’s World Banking’s govt coaches, and as much as $4,000 to be utilized in direction of the price of any NYU College of Skilled Research persevering with training programs or certificates.
The Fintech Innovation Problem occasion may also characteristic a panel dialogue about find out 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 ladies’s monetary inclusion. This winner can 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 Overseas 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/
Concerning the Finalists
Enhance Capital allows end-to-end digital microlending know-how based mostly on modern 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 different credit score histories based mostly on business conduct, facilitates market entry and offers 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 choices and behaviors. A patented machine studying engine harnesses knowledge 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 gives voluntary, versatile and digitally pushed retirement merchandise, notably for casual staff in Ghana, to advertise monetary inclusion by guaranteeing they’ve a greater tomorrow.
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About Girls’s World Banking
Girls’s World Banking designs and invests in monetary options, establishments, and coverage environments in rising markets to create higher 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 shoppers, Girls’s World Banking drives influence by its scalable, market-driven options; gender lens non-public fairness fund; and management and variety applications. To study extra about Girls’s World Banking, go to womensworldbanking.org.
Contact:
Conrad Jarzebowski
Director of Communications & Advertising and marketing
[email protected]
Chelsea Bennington
Digital Advertising and marketing Senior Affiliate
[email protected]
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