The MetLife Foundation and Visa have partnered to fund the Inclusive Fintech 50 competition. This aims to recognize the world’s top 50 early-stage fintech startups that contribute to financial inclusion in the world.
Fintechs in advanced or emerging markets that offer credit, insurance, payments & remittances, savings & personal financial management or infrastructural solutions addressing special challenges of underserved customer segments.
The competition will be implemented by MIX, the global data resource for socially responsible investors and businesses focused on inclusive finance, in partnership with global non-profit organization, Accion and the World Bank global development institution IFC.
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In a statement on Monday (11 February), Visa global head of social impact Marianne Mwaniki said the initiative will help investors identify “high-potential” companies. This in turn, will help those companies attract the capital and knowledge they need to scale their businesses for “maximum social impact”, she said.
Startups will be assessed by a panel of more than 20 industry experts and investors on inclusive solutions and innovations in their business models. Startups can build global profiles in front of leading investors and partners that can help them scale. The panel will select the winners.
Deadline for application is March 8, 2019. Judges will select winners in May 2019 and the winners will be announced in June 2019. Click here to apply.