TheCenter for Financial Inclusion (CFI) announced the launch of the fourth annual Inclusive Fintech 50 (IF50) competition, a global initiative that competitively selects 50 early-stage, inclusive fintech with innovative business models that aim to advance financial inclusion.
According to a press release, Bangladeshi startups can also participate in this competition.
The theme of the 2022 IF50 competition is “Making Digitalization Count.” Rapid advances in the digital economy, further accelerated by Covid-19, are changing the financial services landscape and creating opportunities to drive further inclusion and impact for underserved populations.
Early-stage, inclusive fintech startups are leading the way by leveraging data and digital infrastructure to deliver valuable products and services to low-income consumers, especially women.
Even with increasing attention to the promise of inclusive fintech, many early-stage fintech companies struggle to secure funding to help them grow. IF50 aims to address this gap by identifying the 50 most promising inclusive fintech companies and providing them with visibility to attract investors and other support.
IF50 is sponsored by Visa, MetLife Foundation, and Jersey Overseas Aid and Comic Relief, with support from Accion and IFC, and implemented by CFI.