NEW YORK, September 15, 2021 – Ladies’s World Banking is happy to announce the 4 finalists of its third annual Making Finance Work for Ladies Fintech Innovation Problem. The finalists, chosen from a pool of candidates from 34 nations, symbolize a vital wave of modern fintech options designed to assist low-income ladies’s financial empowerment and monetary inclusion within the face of COVID-19. This yr’s finalists are: Increase Capital, hiveonline, Mosabi, and Folks’s Pension Belief.

“Our mission with the Fintech Innovation Problem is to find innovators which can be driving options designed for low-income ladies to undertake digital monetary providers – an present problem that’s additional exacerbated by COVID-19,” acknowledged Mary Ellen Iskenderian, President and CEO of Ladies’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 ladies in fintech, and their dedication to empowering unbanked and underserved ladies in communities around the globe.”

The 4 finalists will obtain membership within the Ladies’s World Banking’s Community of Companions and could have the chance to current to a panel of judges and the viewers at Ladies’s World Banking’s digital Making Finance Work for Ladies Thought Management Collection, which is able to happen on October 12, 2021.  The judges – who embrace main consultants in international improvement, enterprise and expertise — will vote to pick two winners who will every obtain a slate of recent prizes, together with a custom-made UX design steering session furnished by Visa Inc., an unique pitch assembly and suggestions session with Ladies’s World Banking Asset Administration Group, 4 1:1 management teaching and suggestions classes with one in all Ladies’s World Banking’s govt coaches, and as much as $4,000 to be utilized in direction of the price of any NYU Faculty of Skilled Research persevering with schooling programs or certificates.

The Fintech Innovation Problem occasion will even characteristic a panel dialogue about how you can drive inclusive insurance policies for the fintech business, 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 will likely be introduced in late September.

The Making Finance Work for Ladies 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). Ladies’s World Banking’s core funders are Australia’s Division of International Affairs and Commerce (DFAT), the Swedish Worldwide Improvement 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

Increase Capital permits end-to-end digital microlending expertise primarily based 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 expertise, the corporate builds different credit score histories primarily based on industrial 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 general monetary well being; Mosabi matches customers to suppliers throughout a market of digital monetary providers and platforms.

Folks’s Pension Belief presents voluntary, versatile and digitally pushed retirement merchandise, significantly for casual staff in Ghana, to advertise monetary inclusion by guaranteeing they’ve a greater tomorrow.

****

About Ladies’s World Banking

Ladies’s World Banking designs and invests in monetary options, establishments, and coverage environments in rising markets to create larger 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 ladies shoppers, Ladies’s World Banking drives impression via its scalable, market-driven options; gender lens personal fairness fund; and management and variety applications. To be taught extra about Ladies’s World Banking, go to womensworldbanking.org.

Contact:
Conrad Jarzebowski
Director of Communications & Advertising and marketing
cpj@womensworldbanking.org

Chelsea Bennington
Digital Advertising and marketing Senior Affiliate
cb@womensworldbanking.org