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Ladies’s World Banking Pronounces 2023 Fintech Innovation Problem Semifinalists


Nov 10, 2023


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

November 2, 2022 – On the Singapore FinTech Pageant at the moment, Ladies’s World Banking introduced the ten semifinalists for the 2023 Fintech Innovation Problem, a world competitors to focus on and advance options to shut the gender hole by way of digital monetary providers. Now in its fourth 12 months 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 ladies’s market.

The ten Fintech Innovation Problem semifinalists have been chosen from a pool of 98 extremely certified candidates throughout 34 international locations. Candidates have been judged primarily based on rigorous standards by an skilled Advisory Committee that evaluated a number of components, together with product innovation, gender inclusivity, monetary viability, scale potential and staff expertise and variety.

  • 50% of semifinalist options deal with credit score for women-led MSMEs, 40% deal with sending and receiving cash, and 10% deal with past cash options
  • 7 international locations are represented
  • 7 are based or co-founded by a lady entrepreneur

As well as, of the ten semifinalists, 7 female-founded fintechs be part of Ladies’s World Banking’s first-ever Feminine Founder’s Circle. This unique community of like-minded female-founders might be promoted by way of a strong built-in communications, advertising 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 Ladies’s World Banking. “All 10 semifinalists, together with these within the Feminine Founder’s Circle, are creating revolutionary options and merchandise to effectively meet the wants of low-income ladies in ways in which conventional monetary providers suppliers can’t or gained’t. I’m excited to see their continued participation in our competitors.”

The 4 finalists might be introduced on January 9, 2023. Finalists within the Problem will take part in an in-person pitch competitors at Ladies’s World Banking’s bi-annual World Summit going down in 2023, and be fast-tracked for participation within the Ladies’s Financial Empowerment Accelerator, powered by the Miller Heart for Social Entrepreneurship at Santa Clara College. They will 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 Pageant, in addition to a speaker invitation at a Ladies’s World Banking Making Finance Work for Ladies occasion.

See the complete listing of the 2023 Fintech Innovation Problem semifinalists under:

  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). Ladies’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 offered by Elevandi and Miller Heart for Social Entrepreneurship at Santa Clara College.


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 World Community attain of 61 monetary providers suppliers in 34 international locations serving greater than 136 million ladies purchasers, Ladies’s World Banking drives influence by way of its scalable, market-driven options; gender lens non-public fairness fund; and management and variety packages. To be taught extra go to womensworldbanking.org.


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