$200,000 Innovation Fund for Fintech Companies

Financial technology companies are invited to submit projects on building security, resilience and economic prosperity for women and communities worldwide. Finalists of the Fintech Innovation Challenge will receive funding of up to $200,000. The deadline is on 15 June 2020.

Women’s World Banking is an organization that designs and invests in the market-driven financial solutions in emerging markets to create greater economic stability and prosperity for women. Women’s World Banking wants to identify FinTech innovations providing unbanked and underserved women with access financial services in order to build their security and prosperity in the face of these global economic uncertainties.

FinTech companies are invited to submit solutions in either of one of two categories:

Build Security and Resiliency. How might we enable unbanked and underserved women to build resilience through convenient, secure, and reliable access to safety nets (i.e. funds for emergencies) to help mitigate against global shocks?

Build Economic Prosperity. How might we enable unbanked and underserved women to expand their income-generating activities to build their business and household income and support economic recovery after global shocks?

Finalists will receive an invitation to present at Women’s World Banking’s virtual Making Finance Work for Women Summit in October 2020, which convenes leaders from the financial services, investor, philanthropy, policy and technology communities. Two Grand Prize winners will compete as a finalist in the Monetary Authority of Singapore’s Global FinTech Hackcelerator and be fast-tracked to receive a MAS Proof-of-Concept Grant up to S$200,000.

The deadline is on 15 June 2020.


Main criteria

  • Applicants can be pre-revenue but must demonstrate a viable value proposition to reach unbanked and underserved women
  • Solutions should focus on building women’s security or prosperity, particularly in supporting resilience and recovery from global economic shocks
  • FinTechs should also demonstrate a commitment to developing women leaders through the presence of women in their senior management team and Board of Directors


Find out more about FinTech Innovation Challenge 2020 and other open calls.

Photo: Shutterstock / Edited by: Martina Advaney

Support us!

All your donations will be used to pay the magazine’s journalists and to support the ongoing costs of maintaining the site.


paypal smart payment button for simple membership

Share this post

Interested in co-operating with us?

We are open to co-operation from writers and businesses alike. You can reach us on our email at [email protected]/[email protected] and we will get back to you as quick as we can.

Where to next?

The Power of Volunteering Abroad

The college years are a time of exploration, growth, and self-discovery. While academics are undoubtedly a crucial part of this journey, there's another realm that can profoundly impact your life—volunteering…

The Importance of Student Government in Education

Student government refers to a student-led organization within a school or university that is responsible for representing the interests, concerns, and needs of the student body to school administration and…