The Centre for Financial Inclusion (CFI) has opened applications for this year’s Inclusive Fintech 50 competition, which recognizes early-stage fintechs in advanced or emerging markets that offer a solution among credit, insurance, payments & remittances, savings & personal financial management, or infrastructure addressing special challenges of underserved customer segments.
The Inclusive Fintech 50 initiative leverages a competitive process led by an independent judging panel of experts to identify 50 early-stage fintechs driving financial inclusion and resilience.
“The global pandemic has underscored the importance of having access to financial services, which act as a stabilizing force for low-income households and businesses. Fintechs play an important role in expanding access to these vulnerable populations, but these startups themselves need access to capital and connections. Inclusive Fintech 50 makes these startups more visible to investors and partners who can help them reach more of the 3 billion financially underserved people.” reads a statement from CFI.
The Inclusive Fintech 50 competition will bring to the spotlight startups which are helping low-income customers and micro and small enterprises respond to the ongoing crisis, rebound, rebuild and recover from the COVID-19 pandemic.
Applications are open here until July 23.