We’ve seen real advancement in financial inclusion in the past few years, ushered in by mobile phones, an evolving regulatory environment, and a new generation of innovative fintech startups.
But the coronavirus pandemic has exposed cracks in our society that have left many people and businesses vulnerable and reeling from financial strain. Most traditional financial products that would act as a safety net in turbulent times, from credit lines to saving accounts, are focused on the needs of high-income people and large corporations.
We have a number of applications open for accelerators focused on financial health startups, as part of Finance Forward, our global coalition with MetLife Foundation and PayPal:
We are monitoring the global public health situation and will move our workshops to an interactive, online format for as long as is needed.
Finance Forward is a global coalition created with MetLife Foundation, PayPal, and local partners to support more than 100 early-stage entrepreneurs building tech-enabled solutions around financial health. Learn more about our Financial Health practice, and join our online network, Abaca, to become a part of our financial health ecosystem and match with fintech investors.
We’re excited to announce the full cohort for the 2019 Finance Forward Middle East and North Africa (MENA) accelerator:Read more
We’re excited to announce the winners of Finance Forward: Middle East and North Africa 2019, a Village Capital investment-readiness program held in Amman, Jordan in November in partnership with MetLife Foundation, an advisory board of MENA-based investors and experts, and local partners including Beyond Capital and Endeavor Jordan.Read more
South Asia has seen impressive strides on financial health in the past five years. Mobile money and government programs have helped millions of people open bank accounts, find capital to open a business, or build savings for the future. Still, there’s a long way to go: one recent estimate found that more than a billion people in Asia have no access to formal financial services.
Our latest accelerator, Finance Forward: South Asia 2019, featured 12 startups that are improving financial health for people and small business owners in South Asia. The accelerator was part of Finance Forward, a global coalition created with MetLife Foundation, PayPal, and local partners to support more than 100 early-stage entrepreneurs building tech-enabled solutions around financial health in the United States, Latin America, Europe, the Middle East and India.Read more