Fintechs that are developing cutting-edge financial solutions to overcome the ongoing difficulties in serving the low-income women’s market are invited to submit submissions for the 2023 Fintech Innovation Challenge.
Women’s World Banking’s Fintech Innovation Challenge, which is extremely competitive, selects and promotes four later-stage fintech that is developing cutting-edge financial solutions to overcome the ongoing difficulties in reaching the low-income women’s market.
To narrow the gender gap in the low-income women’s market, the Fintech Innovation Challenge draws more than 100 fintech applications from around the globe.
The program is searching for fintech that is presently creating cutting-edge goods and solutions that cater to the requirements of low-income women.
The application calls for:
- Those using Technology to Benefit Women
- Those working for a fintech that uses technology to offer underserved, low-income women financial solutions.
- Providing for Emerging Markets
- Serving clients in emerging areas is your main priority.
- Getting Ready for Series A and Beyond
- Your fintech can show a minimum viable product and a path to profitability and is getting ready for Series A or later.
Selection Standards
- Potential Size
- To effectively serve low-income women customers, Solution has a clear expansion strategy.
- Innovation in Products
- A systematic market barrier that prevents low-income women from using or accessing financial products and services is specifically addressed by the solution.
- Availability of funds
- A business plan shows a direct route to profitability.
- Gender-inclusive Approach
- By boosting low-income women’s access to and/or utilization of financial goods and services, the proposed solution seeks to close the gender gap.
- Low-income women’s and their families’ financial situations are improved by the solution.
- Team diversity and experience
- The team possesses essential expertise to enable the solution’s success and inclusive growth.
- Team members’ diversity and adherence to inclusive practices show their commitment to gender inclusion.
Awards
The top prize winner, along with the other three finalists, will also receive mentorships, specialized UX design and investor consultations, participation in select networks, and preferential access to fintech events that are attended by investors and partners from across the globe last four Finalists.
Other benefits include
Request to present your idea at the Making Finance Work for Women Summit’s Fintech Innovation Challenge hosted by Women’s World Banking in Dubai in February 2023.
Women’s World Banking Global Network invitation with a complimentary membership for one year
Fast accelerated application to Santa Clara University’s Miller Center for Social Entrepreneurship’s Accelerator with an emphasis on climate resilience and women’s economic empowerment, which includes:
Access to the 300+ mentor Silicon Valley network
Investments generated on average for $750K three years after the accelerator
Women’s World Banking Asset Management team participates in an exclusive pitch advisory session.
Invitation to the Making Finance Work for Women Summit in Dubai, where you may network with more than 300 high-profile international players in financial services, fintech, and financial inclusion.
How to apply
Click here to apply. The deadline for application is Thursday, September 15, 2022.
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