Women’s World Banking is inviting applicants for the 2021 Fintech Innovation Challenge, which aims to highlight fintech innovations serving unbanked and underserved women to build women’s security and prosperity in the face of global inequalities. Women’s World Banking designs and invests in financial solutions in emerging markets to create greater economic stability and prosperity for women, their families, and their communities. The organization has a global reach of 56 partners in 31 countries, serving more than 69 million women clients.

Application categories

Fintechs can submit applications in one of the two categories.

Build Security and Resiliency: Solutions that enable the unbanked and underserved women to build resilience through convenient, secure and reliable access to safety nets to ensure greater equality in the post-COVID-19 world.

Build Economic Prosperity: Solutions that enable the unbaked and deserved women to build their business and household income and drive economic growth to ensure greater equality in a post-COVID-19 world.

How will the successful applicants benefit?

The successful applicants will get benefits in two categories below:

Finalists will receive; 

  • Invitation to present at Women’s World Banking’s virtual Fintech Innovation Challenge in October 2021, Thought Leadership Series.
  • A virtual experience of Visa Inc’s Dubai Innovation Center, where you will be able to be part of an immersive experience in the future of payments furnished by Visa Inc.
  • One-year complimentary membership into Women’s World Banking’s Global Network.
  • Priority access to our Gender Assessment Methodology, a proprietary approach to helping institutions become a brand and employer of choice for women.
  • Complimentary tickets to the Making Finance Work for Women2022 Summit.

 

Winners will receive:

  • Customized fintech fueler package guidance session furnished by Visa Inc.
  • An exclusive pitch meeting and feedback session with the Women’s World Banking Asset Management Team.
  • A total of four one-on-one leadership coaching and feedback sessions with one of Women’s World Banking’s executive coaches.
  • A guaranteed spot as a featured speaker at a Making Finance Work for Women,2022 event. 

 

Who is eligible to apply?

The innovation challenge is open to:

  • Startup fintechs based anywhere leveraging technology to provide financial services for unbanked and underserved women in emerging markets.
  • Fintechs that demonstrate a commitment to developing women leaders through women in their senior management team and Board of Directors.
  • Solutions that focus on building women’s security or prosperity, particularly in supporting resilience and recovery from global economic shocks
  • Applicants that are pre-revenue but demonstrate a viable value proposition to reach unbanked and underserved women.

 

How to apply

Eligible fintechs can apply here

Application Deadline: June 20, 2021

 

For more information about the call:  

Email: fintechchallenge@womensworldbanking.org

Visit:  https://www.womensworldbanking.org/fintech-innovation-challenge-2021/