Inclusive Fintech 50 has opened applications for its second edition.

 

This edition will identify 50 early-stage fintech start-ups that are driving financial inclusion, for the billions of underserved individuals, across the globe.

 

Launched in 2019, with 20 African start-ups participating, Inclusive Fintech 50 is creating more visibility for high-potential inclusive fintechs.

 

These fintechs have solutions in savings and personal financial management, credit, payments, remittances and infrastructure, addressing insurance, as well.

 

These are quite common challenges, affecting the underserved segments.

 

The project was founded by Visa and MetLife Foundation with assistance, from IFC and Accion, with additional funding from Comic Relief, BlackRock and Jersey Overseas Aid.

With this, all selected fintechs are brought together with investors, to develop industry insights, cumulated from applicants data that are anonymous.

 

Benefits of participation

 

Selected fintech start-ups would

  • Enjoy increased visibility
  • Opportunity to connect with peers
  • Position themselves for investment, through connections to investors
  • Two of the selected fintechs will, also, receive cash prizes of US$25,000

“Now more than ever, fintechs play a crucial role in expanding financial services to vulnerable populations”, stated Mark Pickens, Senior Director for Social Impact at Visa.

“Visa believes in the power of digital payments as an on-ramp, for unbanked and underserved people, which is all the more important, as we seek to help lower-income communities to mitigate, adapt to and recover from economic turmoil”, he added.

 

How To Apply

 

Are you an early-stage fintech start-up? You can go ahead to apply here.

 

The deadline for applications is Friday, July 10, 2020. The cohort will be announced in October 2020.

Featured Image: startupnationcentral.org