Applications have opened for the second edition of the Inclusive Fintech 50.
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 for the three billion financially underserved people worldwide.
The competition is looking for early-stage fintechs in advanced or emerging markets that offer a solution among credit, insurance, payments and remittances, savings and personal financial management, or infrastructure addressing special challenges of underserved customer segments.
The 50 selected fintechs will receive significant visibility among investors and partners through features in the media, the white paper, and a digital event series.
Two of the selected fintechs will also receive a cash prize of USD 25,000 based on the independent judging panel’s assessment of their contribution to the financial resilience of low-income households and businesses.
Additionally, all applicants can opt-in to share contact information with the IF50 Investors Circle, a group of more than 15 leading investors who are keen to meet early-stage inclusive fintechs. Learn more here.
Inclusive Fintech 50 was founded by MetLife Foundation and Visa Inc., with support from Accion and IFC, and additional funding from BlackRock and Jersey Overseas Aid and Comic Relief. The initiative is implemented by MIX, the global data resource for investors focused on inclusive finance.
Interested early-stage fintechs can apply until July 10, with the 2020 cohort to be announced in October. More details about the competition can be found here