Meet the 2023 Fintech Innovation Problem Finalists






Girls’s Global Banking is extremely joyful to announce the highest 4 finalists of this 12 months’s Fintech Innovation Problem. The 4 finalists will compete for the Grand Prize in a are living pitch tournament on Might 25, 2023 in Mumbai, India, as a part of the Making Finance Paintings for Girls Summit.

This 12 months, the Fintech Innovation Problem attracted a in point of fact international set of packages – 98 packages from 34 nations! From those 98 packages, our Advisory Committee sat down with 10 semifinalists in person interviews to higher perceive their pitches, imaginative and prescient, industry fashion, scale possible, monetary viability, distinctive price proposition and extra. Following this rigorous and thorough procedure, we decided on the highest 4 finalists to compete on degree in Might!

Saying the 4 Finalists of the 2023 Fintech Innovation Problem

GajiGesa (Feminine Founder’s Circle Player), the biggest worker advantages and productiveness platform in Southeast Asia, seeks to empower low-income workers, particularly ladies, to unravel monetary pressure via earned salary get admission to and different add-on monetary wellness services and products embedded in a holistic one forestall resolution for staff and employers.

Based totally in Mumbai, IndiaP2P (Feminine Founder’s Circle Player) is a generation platform this is disrupting the credit score marketplace in India. It’s dedicated to addressing the power biases that girls in search of credit score face via decreasing the price of capital and at once connecting person traders to ladies microfinance and small industry debtors.

MeraBills (Feminine Founder’s Circle Player) is a free-to-use gender-intelligent app designed to serve industry control wishes of ladies micro-entrepreneurs, offering tool as a carrier for social have an effect on. MeraBills works on a capacity-building led fashion of deployment that creates credible virtual monetary footprint and accountable ecosystem linkages for underserved ladies, who’re steadily first-time customers of generation.

Paycode’s groundbreaking generation combines biometric virtual identification and inexpensive get admission to to fundamental monetary services and products to take on the obstacles of loss of identification, low connectivity and top price. It brings monetary inclusion and virtual knowledge to the unbanked remaining mile in Africa, with a powerful focal point on ladies.

All 4 finalists had been selected for his or her paintings growing leading edge, groundbreaking answers to boost up efficient utilization of related virtual monetary services and products for low-income ladies. Every finalist provides a set of spectacular and numerous merchandise, together with an worker advantages and productiveness platform providing earned salary get admission to (GajiGesa), a P2P funding platform for microfinance and small industry loans (IndiaP2P), protected bills by way of biometric identification validation (Paycode) and a industry control app for girls micro-entrepreneurs (MeraBills).

With candidates from 3 other nations from other areas around the globe, together with South Africa, India and Singapore, it tells us that there’s an actual urge for food for monetary merchandise designed particularly for girls—and that this chance crosses borders and cultures.

Introducing The Feminine Founder’s Circle

And, with such a lot of feminine founders within the Most sensible 4— 75%! —it presentations us that extra ladies leaders are constructing merchandise that particularly cater to the monetary wishes of ladies.

One inspiring tale of a feminine founder’s determination to making improvements to the monetary lives of ladies marketers in her nation is finalist MeraBills.

MeraBills founder and CEO, Piya Bahadur, launched into a 17,000-kilometer motorbike expedition throughout India and the Southeast Asian peninsula. Attractive with the individuals who she met alongside the way in which, Piya used to be impressed via the resilience of the small industry homeowners, particularly the ladies marketers. Following her adventure, she based MeraBills, a industry control app easy sufficient that even first-time generation customers can leverage its options. MeraBills’ app is designed to permit her to make more cash, run her industry successfully and maintain her industry in the end.

And so, to acknowledge the phenomenal ladies in fintech who’ve triumph over important demanding situations to successfully lead a virtual monetary services and products innovation corporate, Girls’s Global Banking this 12 months established the Feminine Founder’s Circle!  Designed to lend a hand feminine founders acquire the publicity they deserve and raise their profile on a wider scale the usage of Girls’s Global Banking’s platform, the Feminine Founder’s Circle neighborhood additionally serves as an road for girls founders to interchange concepts and stories, serving to them develop their organizations even additional.

All semifinalists based or co-founded used to be granted club into this unique crew. Of the ten semifinalists this 12 months, six* fintechs have joined the inaugural Feminine Founder’s Circle. See the total record under:

ARTH Virtual: Shweta Aprameya (Founder)

GajiGesa: Martyna Malinowska (Co-Founder)

HAMWE East Africa: Stella Lugalambi (Founder & Managing Director)

IndiaP2P: Neha Juneja (Co-Founder & CEO)

MoneyMart Finance: Dr. Ethel Mupambwa (Founder & CEO)

MeraBills: Piya Bahadur (Founder & CEO)

Extra In regards to the Fintech Innovation Problem

We consider that fintechs are uniquely located to lend a hand shut the virtual monetary services and products hole as a result of they may be able to supply services and products in a different way and will successfully meet the desires of low-income ladies in ways in which conventional monetary services and products suppliers can’t or received’t. Moreover, virtual monetary services and products can function an on-ramp for low-income ladies to undertake and use a big suite of formal monetary services and products, increasing ladies’s alternatives and their monetary and financial resilience and empowerment. Low-income ladies constitute a big, untapped marketplace alternative for virtual monetary services and products suppliers, particularly for fintechs leveraging generation to near the gender hole in monetary services and products.

And so, Girls’s Global Banking established the Fintech Innovation Problem so to show off later (Collection A+) degree fintechs running to deal with the power demanding situations in serving the low-income ladies’s marketplace. Our international festival advances answers that boost up efficient utilization of related and accountable virtual monetary services and products for low-income ladies together with sending and receiving cash, credit score for women-led MSMEs, protection web merchandise (financial savings, insurance coverage and pensions) and past cash (monetary and virtual functions).

Our intention is to supply an international platform, alternatives and sources for fintechs to develop their endeavor. The Fintech Innovation Problem is a singular likelihood for fintechs to win mentorships, customized UX design and investor consultations, club to unique networks and precedence get admission to to fintech occasions attended via traders and companions around the globe.

Because of the publicity and prizes the contest presented, earlier winners have long gone directly to do thrilling issues. Previous winners, Aflore, Pula Advisors, Tyme and myAgro, got the thrilling alternative to compete within the Financial Authority of Singapore’s International FinTech Hackcelerator all the way through the Singapore FinTech Competition. Our 2019 Problem winner, Pula Advisors, used to be decided on as one of the vital 3 winners for his or her impactful, market-ready resolution addressing an actual business want in 3 focal point spaces: monetary inclusion, insurance coverage and banking and finance.

What’s Subsequent?

The Fintech Innovation Problem will culminate on Might 25, 2023 with a pitch festival as a part of the Making Finance Paintings for Girls Summit in Mumbai, India, the place the 4 finalists will compete for the Grand Prize. Finalists will ship are living pitches, adopted via a Shark Tank-style engagement in entrance of our judging panel constituted of illustrious mavens from monetary services and products, generation, innovation and regulatory our bodies.

The Grand Prize winner will likely be introduced on the shut of the Making Finance Paintings for Girls Summit, and can obtain precedence get admission to to key 2023 fintech-investor networking occasions powered via Elevandi, equivalent to Level 0 Discussion board, Elevandi Connects and/or the Singapore Fintech Competition.

Sign up for us for Fintech Innovation Problem on the 2023 Making Finance Paintings for Girls Summit in Mumbai.


*Semifinalist Awaaz.De used to be co-founded via a girl, however this person has since transitioned out of a full-time position.


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