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WOMEN’S WORLD BANKING PRESENTS

Fintech Innovation Challenge

Join the only woman-centered Fintech Innovation Challenge. Contribute to the technology innovation that will close the gender gap in financial services.

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Join us at the Making Finance Work for Women Summit #MFWW2023 in Dubai, UAE, on February 16, 2023, for the Finalist Pitch Competition.

The Challenge

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 fintechs, 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 fintechs pioneering innovative financial solutions that break the persistent challenges in serving the low-income women’s market.

 

What is the Fintech Innovation Challenge?

Through a highly competitive process, Women’s World Banking’s Fintech Innovation Challenge identifies and elevates 4 later-stage fintechs 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.

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

Important Dates

AUGUST 3, 2022

Applications Open

SEPTEMBER 15, 2022

Applications Close

OCTOBER 26, 2022

Top 12 Finalists and Female Founders Circle Notified

DECEMBER 15, 2022

Pitch Day Judges Announced

JANUARY 9, 2023

Four Finalists Announced

FEBRUARY 16, 2023

Fintech Innovation Challenge Live in Dubai

 

Prizes

The four finalists and grand prize winner will be awarded mentorships, personalized UX design and investor consultations, membership to exclusive networks and priority access to fintech events attended by investors and partners around the world.

Four Finalists

  • Invitation to pitch your solution at Women’s World Banking’s Fintech Innovation Challenge in February 2023 in Dubai as part of the Making Finance Work for Women Summit
  • Invitation to join Women’s World Banking Global Network, with one-year complementary membership
  • Fast tracked application to Miller Center for Social Entrepreneurship’s Accelerator at Santa Clara University focusing on women’s economic empowerment and climate resilience, which features:
    • Access to a Silicon Valley network of 300+ mentors
    • An average of $750K in investments raised 3-years post-accelerator
  • Exclusive pitch advisory session with Women’s World Banking Asset Management team
  • Priority access to UX design consultation with an industry expert
  • Invitation to attend the Making Finance Work for Women Summit in Dubai and leverage networking opportunities with 300+ high-profile global stakeholders in financial services, fintech and financial inclusion

 

Grand Prize Winner

  • Priority access to key 2023 fintech-investor networking events powered by Elevandi, such as Point Zero, Elevandi Connects and/or the Singapore Fintech Festival
  • Priority access to Women’s World Banking’s global PR firm, Porter Novelli, to help develop strong media presence and drive visibility and exposure
  • Invitation as a featured speaker at a Women’s World Banking Making Finance Work for Women thought leadership event

For more information please open this link
Apply Here

Fintech Innovation Challenge 2023

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