Conference brings together fintech founders, investors,
regulators, and other leaders promoting responsible financial
services in emerging markets
LONDON, May 16, 2024 /PRNewswire/ -- Accion Venture Lab,
the Mastercard Center for Inclusive Growth, and the Dutch
entrepreneurial development bank FMO, today announce the Fintech
for Inclusion Global Summit that will take place in London on Thursday,
September 12.
The summit will see over 40 fintech
companies from 5 continents come together with investors,
regulators, and other stakeholders in the global inclusive fintech
community to discuss how innovations in embedded finance, AI, and
other emerging technologies can be leveraged to meet the financial
needs of vulnerable communities, including women and smallholder
farmers. Globally, nearly 2 billion people are excluded from the
financial system, lacking a safe place to save money, credit to
manage and grow businesses, and insurance to protect against
disasters. Micro, small and medium businesses are facing a
$5 trillion credit gap.
Accion Venture Lab's Managing Partner Rahil Rangwala said, "By
bringing this group of fintech innovators together in London – one of the world's most dynamic
financial capitals – we can explore new ways of providing
high-quality financial solutions to underserved clients globally.
Participants will learn the latest industry insights and forge new
partnerships, as they adapt to the rapidly evolving business
landscape."
Companies present at the summit are already leveraging new uses
of technology and data to provide responsible financial services to
low-income groups in innovative new ways. From using transport data
to provide financing to operator-owned truck drivers in
Pakistan, to deploying AI so
small-scale pharmacies in Kenya
can improve access to quality medicines and reduce waste, they are
solving pain points for small businesses and low-income groups
across emerging economies.
Mastercard Center for Inclusive Growth's Executive Vice
President for Global Programs, Payal
Dalal, comments that: "With their ability to connect
underserved people to the digital economy, often for the first
time, fintech innovators have a key role to play in tackling global
challenges and making economic growth more inclusive. The Fintech
for Inclusion Summit will bring together leaders and frontline
practitioners to share their learnings and build new connections,
which is a vital part of driving scale."
Speaking on the topic, Marieke
Roestenberg, Manager of FMO Ventures Program, said: "We are
pleased to once more co-host this important event with Accion
Venture Lab – now in partnership with the Mastercard Center for
Inclusive Growth – to bring together industry leaders focused on
developing innovative fintech solutions for underserved
communities. Holding the event in London this year will enable more key
stakeholders to join the conversation and explore collaboration
opportunities."
Accion Venture Lab organizes the Fintech for Inclusion Global
Summit as part of its work with entrepreneurs to build scalable
businesses that address gaps in financial services around the
world. It is a leading early stage fintech investor with a 10+ year
track record of delivering financial and social returns. With its
global team, it provides hands on strategic and operational support
that is critical to the success of early-stage companies, while
quickly spotting and responding to global trends, and sharing
learnings across geographies.
Speakers will include TS Anil, CEO of Monzo, Jorn Lambert, Chief Product Officer of
Mastercard, Jonathan Whittle,
Managing Partner of Quona, and Michael
Schlein, CEO of Accion. Conference partners include the
Mastercard Center for Inclusive Growth, Citi Foundation, and FMO
Entrepreneurial Bank. For more information and tickets see
www.fintechforinclusionsummit.com
About Accion Venture Lab
Accion Venture Lab is a
leading early-stage investor in inclusive fintech, providing
seed-first capital and strategic support to innovative startups
that are meeting the financial needs of underserved people
globally. Our global portfolio and local approach enable us to spot
and respond to global trends faster, sharing learnings across
geographies. Accion Venture Lab is an investment strategy of Accion
and is managed by Accion Impact Management.
About Mastercard Center for Inclusive Growth
The
Mastercard Center for Inclusive Growth advances equitable and
sustainable economic growth and financial inclusion around the
world. The Center leverages the company's core assets and
competencies, including data insights, expertise, and technology,
while administering the philanthropic Mastercard Impact Fund, to
produce independent research, scale global programs, and empower a
community of thinkers, leaders, and doers on the front lines of
inclusive growth. For more information and to receive its latest
insights, follow the Center on LinkedIn, Instagram and subscribe to
its newsletter.
About FMO
FMO is the Dutch entrepreneurial development
bank. As a leading impact investor, FMO supports sustainable
private sector growth in developing countries and emerging markets
by investing in ambitious projects and entrepreneurs. FMO believes
that a strong private sector leads to economic and social
development and has a 50+ year proven track-record of empowering
people to employ their skills and improve their quality of life.
FMO focuses on three sectors that have high development impact:
financial institutions, energy, and agribusiness, food & water.
With a committed portfolio of EUR 13.2
billion spanning over 85 countries, FMO is one of the larger
bilateral private sector development banks globally. For more
information: please visit fmo.nl
Media contact
Thessa
Mooij
Director of Public Relations
Phone +1.917.631.2518
tmooij@accion.org
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