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Girls’s World Banking Broadcasts 2023 Fintech Innovation Problem Semifinalists

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Girls’s World Banking Broadcasts 2023 Fintech Innovation Problem Semifinalists

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10 later stage fintechs pioneering progressive monetary options for the low-income girls’s market introduced as semifinalists; first-ever Feminine Founder’s Circle members named

November 2, 2022 – On the Singapore FinTech Competition immediately, Girls’s World Banking introduced the ten semifinalists for the 2023 Fintech Innovation Problem, a worldwide competitors to spotlight and advance options to shut the gender hole by way of digital monetary providers. Now in its fourth yr 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 primarily based on rigorous standards by an skilled Advisory Committee that evaluated a number of elements, together with product innovation, gender inclusivity, monetary viability, scale potential and crew 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 lady 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 way of a sturdy 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 members 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 received’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 International Summit going down in 2023, and be fast-tracked for participation within the Girls’s Financial Empowerment Accelerator, powered by the Miller Heart 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 checklist of the 2023 Fintech Innovation Problem semifinalists beneath:

  1. Amartha
  2. ARTHFeminine Founder Circle Participant
  3. Awaaz.De InfosystemsFeminine Founder Circle Participant
  4. DotX Applied sciences
  5. GajiGesaFeminine Founder Circle Participant
  6. HAMWE East AfricaFeminine Founder Circle Participant
  7. IndiaP2PFeminine Founder Circle Participant
  8. MeraBillsFeminine Founder Circle Participant
  9. MoneyMart FinanceFeminine Founder Circle Participant
  10. 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 International Affairs and Commerce (DFAT), the Swedish Worldwide Improvement Cooperation Company (SIDA), and Visa Basis. In-kind prizes are supplied by Elevandi and Miller Heart 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 larger financial stability and prosperity for ladies, their households, and their communities. With a International Community attain of 61 monetary providers suppliers in 34 nations serving greater than 136 million girls shoppers, Girls’s World Banking drives impression by way of its scalable, market-driven options; gender lens personal fairness fund; and management and variety applications. To study extra go to womensworldbanking.org.

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