If you are a FinTech that’s driving greater financial inclusion in the regions in which you operate, here’s a chance for you to get an audience with some of the world’s leading investors.
The Inclusive FinTech 50 program is seeking entries from early-stage financial technology startups from emerging markets. It’s specifically interested in applications from startups offering solutions in payments and remittances, savings and personal financial management, credit, and insurance. The ideal entrants will be those that solve access problems for financially underserved populations.
The organizers of this program will select 50 startups which will get exposure from their community of partners and investors. They can choose to share their information with the IF50 Investors Network, which consists of leading investors that are interested in engaging early-stage FinTechs.
Past winners of the IF50 have gone on to increase the funding they receive by $620 million in just a year after winning. They have also benefitted from such resources as Visa’s Practical Business Skills and Practical Money Skills.
The theme of this year’s edition of the IF50 is ‘Making Digitalization Count’.
Sponsors of this program include MetLife Foundation, Visa Inc., Jersey Overseas Aid, and Comic Relief. It is organized by the Center for Financial Inclusion (housed within Accion), with support from the IFC.
Benefits
Startups that this program’s organizers select will benefit in the following ways:
- Get in front of leading investors and players in the global finance industry—including those from the financial services, venture capital, and asset management circles
- Meet and engage the program’s media and outreach partners
- Gain access to important tools and resources for success, at zero cost
Eligibility
Applicants should meet these conditions:
- Must fill market gaps and contribute to greater financial inclusion for underserved populations
- Should have a business model that improves product experience, reduces costs, and offers a new value proposition
- Must have a detectable impact and be capable of scaling across multiple economies.
- Should have some traction in the market that it currently targets.
- Must be legally registered in the country in which they are active.
- Maybe a B2C (Business to Consumer), B2B (Business to Business), or B2B2C (Business to Business to Consumer).
- Should be Series B or earlier
Applications will remain open until July 25, 2022.
If you would like to apply for the Inclusive FinTech 50 program, click here.
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