Women Entrepreneurs in Africa Urged to Pitch for Visa’s New $100,000 Global Women Competition

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iMAGE CREDIT:scieng-women-ontario.ca

In celebration of International Women’s Day, Visa has launched the first Visa Everywhere Initiative: Women’s Global Edition to celebrate women from around the world.

The challenge aims to tackle FinTech and Social Impact challenges for a chance to win $100,000 in each of the two challenges. The program will culminate with a finals event to be held during kick-off of the FIFA Women’s World Cup France 2019.

“More than 163 million women around the world have started their own business in the last five years, accounting for up to 37% of the workforce[1]. Women entrepreneurship is on the rise and Visa is committed to inspiring more women to break through barriers through platforms like the Visa Everywhere Initiative,” said Lynne Biggar, Chief Marketing and Communication Officer at Visa.

Since 2015, the Visa Everywhere Initiative has provided visionary solutions for commerce and payment challenges of tomorrow. The program has activated regionally in 75 countries and awarded more than 70 leading startups with monetary prizes, mentorship and access to Visa’s clients and partners. Now, for the first time, the program will shift from regionally-focused events to a worldwide program centered on FinTech and Social Impact to shine a spotlight on the millions of underrepresented women business leaders and Visa’s commitment to micro and small businesses catalyzing change.

To participate, companies with at least one female founder are invited to submit solutions that tackle challenges facing the FinTech and Social Impact landscapes today through one of the two innovative briefs.

·         Challenge 1 (FinTech): Leveraging your company’s unique capabilities, how could your solution help transform consumer, payments and/or commercial experiences locally, regionally or globally?

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·         Challenge 2 (Social Impact): How can women entrepreneurs around the world drive social impact by supporting sustainable and equitable livelihoods and strengthening local/regional economies?

Additional program highlights: 

·         Important dates: Key dates for the program include:

o   Open for submissions- March 6th

o   Applications due April 14th

o   Regional finalists selected per region- May

o   Global Finals in Paris, France- June 7th