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Inclusive Fintech 50 initiative launched to identify top financial inclusion startups

https://pixabay.com/photos/beach-leisure-sand-sea-pleasure-3321713/

The MetLife Foundation and digital payments giant Visa have partnered to launch the Inclusive Fintech 50 competition which aims to recognise the world’s top 50 early-stage fintech startups that contribute to financial inclusion around the globe.

The competition — which is held in partnership with global non-profit Accion and World Bank global development institution IFC — will be implemented by MIX, the global data resource for socially responsible investors and businesses focused on inclusive finance.

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Applications will close on 8 March, while winners will be selected in May and announced in June.

The Inclusive Fintech 50 competition aims to recognise the top 50 early-stage fintech startups that contribute to financial inclusion

In a statement on Monday (11 February), Visa global head of social impact Marianne Mwaniki said the initiative will help investors to 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 how inclusive their solutions are, business model innovation, scale potential and traction.

Featured image: EmilianDanaila via Pixabay

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