Emerging fintechs for financial inclusion
 

HOW IT WORKS

Selection criteria

Fintechs applying to the Inclusive Fintech 50 should be early-stage companies focused on underserved segments. Applicants can be B2C, B2B, or B2B2C with a solution among credit, insurance, payments & remittances, savings & personal financial management, or infrastructure addressing challenges of underserved segments. Each will be scored against the following criteria:

 
 
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INCLUSIVENESS

Investors are increasingly interested in finding fintechs that are filling market gaps and contributing to inclusion. Applicants will be assessed on the degree to which their target market includes underserved people and the problem that the startup is aiming to solve.

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INNOVATION

Innovation is more than disruption, it’s about offering a new value proposition. Applicants will be assessed on whether their business model reduces costs, improves a product experience and opens up financial services to previously underserved people.

 
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SCALE POTENTIAL

Investors are also looking for solutions that can have a noticeable impact on the more than three billion financially underserved people. Judges will review applicants’ growth model, internal capacity, unit economics, growth strategy, and total addressable market.

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TRACTION

It’s important that a product or service be able to show some indication of traction. Judges will review the product or solution’s stage of development, the startup’s funding and/or revenue, existing customer base, and other indicators that show early-stage traction.

 
 

Timeline

 

 

11 feb 2019

Application period opens

22 march 2019

Application period ends

May 2019

Judges select winners

June 2019

Winners announced

July 2019

White paper published

 
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