The Centre for Financial Inclusion (CFI) has launched applications for this year’s Inclusive Fintech 50 competition, which recognizes early-stage, inclusive fintech startups that are driving innovation and pushing the frontiers of financial inclusion.
The Inclusive Fintech 50 competition will spotlight startups helping low-income customers and micro and small enterprises not just respond to the ongoing crisis, but rebound, rebuild, and recover from the COVID-19 pandemic.
Winning startups will be featured in CFI’s Financial Inclusion Week, as well as other research and media coverage; have access to Practical Business Skills, a global digital platform created by Visa to deliver free educational resources to help small and micro business owners make confident, informed decisions to grow their businesses; and automatically pre-qualify for Visa Fintech Fast Track, a programme that aims to speed up the process of integrating with Visa and its ecosystem partners.
In addition, participating startups will benefit from exposure and networking among the independent judging panel of investors, founders, and thought leaders, and winners of the competition will be globally recognized as leading the way in inclusive fintech.
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.
Additionally, the initiative supports the broader inclusive fintech ecosystem through actionable market-level insights generated from aggregated and anonymized applicant data. Interested early-stage fintechs should apply by visiting www.inclusivefintech50.com.Applications are open until July 23.