Women’s World Banking Fintech Innovation Challenge

Deadline: September 15, 2022

In the past few years, we have seen a dramatic increase in the adoption of digital financial services by women. Based on the latest Global Findex Report, for the first time in a decade, the gender gap has decreased from 9% to 6% in key emerging markets, thanks in part to an increased number of low-income women leveraging digital financial services.

Now is the time to build on this momentum and leverage digital financial services as an on-ramp for low-income women customers to adopt and use a large suite of formal financial products and services. Low-income women represent a large, untapped market opportunity for digital financial services providers, and fintech, in particular, who can leverage technology innovation to break the persistent challenges in closing the gender gap in financial services.

The 2023 Fintech Innovation Challenge is inviting applications from fintech pioneering innovative financial solutions that break the persistent challenges in serving the low-income women’s market.

Through a highly competitive process, Women’s World Banking’s Fintech Innovation Challenge identifies and elevates 4 later-stage fintech pioneering innovative financial solutions that break the persistent challenges in serving the low-income women’s market.

The Fintech Innovation Challenge attracts over 100 fintech applicants from around the world who are developing innovative products to close the gender gap in the low-income women’s market.

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We are looking for fintech currently developing innovative products and solutions that address low-income women and their needs.

Eligibility Criteria

We invite fintech who fit the following criteria to apply:

Leveraging Technology for WomenYou is a fintech leveraging technology to provide financial solutions for underserved, low-income women.

Serving Emerging MarketsYour focus is on serving customers in emerging markets.

Preparing for Series A or LaterYour fintech is preparing for Series A or later and can demonstrate a minimum viable product and a path to profitability.

Application Registration Deadline: 15th September 2022

To Apply: Click here

Official Website: Click here