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Fintechs that Serve Unbanked and Underserved Girls Inspired to Apply
NEW YORK – Right this moment, Girls’s World Banking introduced that the applying interval is now open for the 2021 Fintech Innovation Problem, a world competitors that goals to spotlight fintech improvements serving unbanked and underserved girls so as to construct girls’s safety and prosperity within the face of world inequalities.
Startup fintechs based mostly anyplace on the planet that present monetary companies for unbanked and underserved girls in rising markets are inspired to use. Options don’t must be completely for unbanked and underserved girls however should present deliberate intent to be inclusive of reaching that section of the inhabitants.
“Now greater than ever, fintechs are an important driver of girls’s monetary inclusion. Fintechs symbolize such an thrilling alternative to make actual progress in closing the gender hole and make finance work for girls. Fintechs are revolutionary, disruptive, fixing issues with their communities in thoughts, in a digital approach – precisely the factors {that a} advanced drawback like girls’s monetary exclusion wants,” mentioned Mary Ellen Iskenderian, the President and CEO of Girls’s World Banking, a world group that designs and invests within the monetary options, establishments, and coverage environments in rising markets to create higher financial stability and prosperity for girls, their households, and their communities. She continued, “Our fintech problem, now in its third yr, has shortly established itself on the worldwide calendar via its relationships with innovators and collaborating fintech founders, and we’re wanting ahead to the revolutionary entries this yr.”
Fintech corporations can apply in certainly one of two classes:
- Constructing Safety and Resilience: How may we allow unbanked and underserved girls to construct resilience via handy, safe, and dependable entry to security nets to make sure higher equality in a post-COVID-19 world?
- Construct Financial Prosperity: How may we allow unbanked and underserved girls to construct their enterprise and family earnings and drive financial progress to make sure higher equality in a post-COVID-19 world?
Winners for the Fintech Innovation Problem might be introduced in October, and can obtain a slate of thrilling, new prizes, together with a personalized UX design steering session furnished by Visa Inc., an unique pitch assembly and suggestions session with Girls’s World Banking Asset Administration Crew., and 4 1:1 management teaching and suggestions classes with certainly one of Girls’s World Banking’s govt coaches.
Girls’s World Banking additionally introduced at this time that this yr, will probably be including a brand new award to the annual Fintech Innovation occasion: the Feminine Founder Award, which is able to honor a feminine founder whose fintech qualifies for the Fintech Innovation Problem, and who demonstrates exemplary management in constructing an inclusive office whereas working as an important driver for girls’s monetary inclusion.
“Analysis exhibits that the variety of international fintech founders continues to be dominated by males, with girls founders making up simply 7% of the overall. This tracks with the dearth of feminine participation throughout the monetary and regulatory sectors, and results in additional disenfranchisement of girls. We wish to be certain that fintech doesn’t comply with the identical path of constructing gender bias into its infrastructure by highlighting and celebrating the revolutionary girls on the forefront of the way forward for monetary companies. It’s time for revolutionary girls founders to be acknowledged and celebrated,” mentioned Iskenderian.
Girls’s World Banking wish to thank Ernst & Younger LLP for his or her sponsorship of the Fintech Innovation Problem in addition to core funders Australia’s Division of International Affairs and Commerce and the Swedish Worldwide Growth Company (SIDA) for his or her ongoing help of our work.
For extra data on the Fintech Innovation Problem and the Feminine Founder Award, please go to the web site.
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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 girls, their households, and their communities. With a world attain of 56 companions in 31 nations serving greater than 69 million girls purchasers, Girls’s World Banking drives affect via its scalable, market-driven options; gender lens personal fairness fund; and management and variety packages. To be taught extra about Girls’s World Banking, go to womensworldbanking.org.
Contact:
Holly Shulman
holly.shulman@gmail.com
(202) 674-8757
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