Participating FinTechs
The Alliance Hack will leverage the Alliance’s deep expertise to support fintechs in developing solutions to helpwomen business owners access and use financial products and supportive business development services to accelerate their business growth, as well as connect them with global financial services providers (FSPs) who also want to do the same.
Tackling these challenges will be thirteen teams; five working on Financing Wome-Owned/Led informal VSEs, two on financing Women-Owned/Led formal SMEs, One on Non-Financial Services, four on wealth, One on identifying Women-Owned/Led Businesses Within Bank MIS . Each of these teams applied with an innovative proposal that they are now developing into a scalable solution, with support from the hackathon’s excellent experts and mentors. The teams hail from ten different countries—including Australia, Argentina, Colombia, Great Britain, India, Nigeria, Spain, Taiwan, Uganda, and the United States—reflecting the global nature of both the Alliance network and the issues at hand.
Winners
Shortlisted Teams
Financing Women-Owned/Led Informal VSEs
ASIA
Mahila Money is a neo banking platform with an aim to bridge the gap between women’s growth aspirations and financial products, by enabling women to open bank accounts and take out loans digitally, as well as connect and share with peers in a safe women-only community.
AFRICA
The Fynixsave application is designed to enable semi-informal women businesses more easily access credit by obtaining digital financial records for money saved and invested.
AFRICA
Mosabi is a platform that supports the journeys of grassroots workers and small businesses in emerging markets with upskilling and product matching services.
AFRICA
Ma Tontine provides access to a range of financial and non-financial services to financially excluded women who own VSEs, by leveraging traditional savings groups used throughout the African continent (called Tontines in Francophone Africa).
LATAM
JuanchoTePresta.com addresses the need of thousands of middle-class employees and gig workers who have been underserved by Colombian banks or served by informal shark loans, by using alternative credit scoring to provide installment loans for up to 2x salary/income with tenures up to 24 months.
Financing Women-Owned/Led formal SMEs
ASIA
DigiAlly offers a a bridge between under-financed WSMEs and banks through the DigiAlly platform, where WSMEs are able to establish strong credibility with the banks, and the banks have access to a curated set of SMEs with verifiable track records. DigiAlly has created SME data models for 15 countries (most in ASEAN) that enable digital SME on-boarding, track compliance and building credibility scores.
AFRICA
ZScore is an AI-powered credit scoring system that uses machine learning algorithms to create customer scorecards and enables real time processing of loan applications. The price point allows small lending institutions to access sophisticated credit modeling and decisioning that have previously been affordable to only large institutions.
Building Business Capability of Female Entrepreneurs
Global
ePera is a B2B2C platform that connects service providers to communities. It helps users interact and access services and share opinions and experiences with friends, family and other users. The company’s overarching goal is to rehabilitate communities and create healthy economic growth with a human to human experience in the Phygital Ecosystem.
Transforming Mass-Market Women's Investment Capabilities
GLOBAL
LXME is India’s first financial platform for women, backed by the experience and expertise of AnandRathi Group and offering tools and resources that women enable women to make independent financial decisions. LXME’s goal is to encourage women to take charge of their money, invest and become more financially independent, powering the inner Lakshmi (Hindu goddess of fortune) to realize their dreams.
Planto Limited is a goal-based wealth management platform that enables wealth accumulation of women in emerging markets with. Leveraging its experience as a successful AI-based personal financial management platform in Hong Kong, Planto will work with banks to provide women customers with financial automation, account aggregation and data-driven advice to help them save more and invest better, and in the portfolios that matter to them the most.
Mujer Financiera is a finance platform for women that combines financial education, personal finance management, and savings and investment products to help women manage their finances efficiently.
MyTomorrow is a tech-enabled service helping to close the investment gap by providing women with educational resources and one-on-one video advisory sessions on how to turn savings into investments. The service is tailored particularly for those women who do not have the levels of assets usually required to visit a traditional financial advisor, but have excess income that they wish to “put to work”.
Identifying Women-Owned/Led Businesses Within Bank MIS
GLOBAL
Eticas seeks to disrupt discrimination in the AI market by introducing external audits of banking algorithms to measure disparate impact on women. Using a tested technology it has used in other sectors, Eticas banking solutions expose how women are subject to unfair algorithmic treatment and also propose solutions for banks to de-bias their algorithms.