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The initiative aims to honour innovative digital financial products that help narrow the gender gap in financial inclusion in Sub-Saharan Africa and South Asia.
In addition winners will also receive structured mentorship from DFS Lab, its network of experts and members of the F3 Prize’s advisory and sponsorship committee.
Applications for the F3 Prize will close on 15 May
F3 Prize winners will also be featured in various media and be honoured at the Financial Times and International Finance Corporation Transformational Business Conference and Awards Dinner on 13 June in London.
Fintech startups that have products that primarily serve a female customer base have until 15 May to apply.
In an email earlier today (23 April), DFS Lab communications and marketing consultant Alina Kaiser said to be considered for the prize startups must:
- Target the mass market in Africa and South Asia (including Indonesia)
- Have made gender inclusion a priority, both in their business models and their company culture
- Be able to demonstrate that their products and services address the gender gap in financial inclusion through increased access to financial services for women and or a deeper impact on the daily financial lives of women and their families
Featured image: Flourish via Twitter