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Women MSME FinTech Innovation Fund 2019

Women MSME FinTech Innovation Fund 2019

Asia 30 Apr 2019

OPPORTUNITY DETAILS

Total reward
0 $
Host Country
Deadline
30 Apr 2019
Study level
Opportunity type
Opportunity funding
Full funding
Eligible Countries
This opportunity is destined for all countries
Eligible Region
All Regions

Place : Asia

Benefits

The Innovation Fund is targeted at solutions that are ready for pilot testing and will provide the US $25,000 to US$ 50,000 of co-funding for selected projects. Selected applicants will be expected to fund at least 30% of the total project cost. UNCDF will provide successful applicants with:

  • Technical assistance (development and design)
  • Mentorship
  • Connection with investors
  • Early-stage grant
  • If the pilot is successful, it may also be possible to gain additional grants or financing from UNCDF or partners for project scale-up.

The grant fund will be based on agreed milestones and provided as reimbursement for project costs incurred. The payment schedule will be as follows:

  • 80% subject to completion of interim milestones.
  • 20% final payment subject to completion of final milestones

Eligibilities

Eligible applicants who can apply for the Innovation Fund include:

  • Regulated Financial Institutions (Banks, MFIs, Insurance Companies)
  • Payment Service Providers
  • Agent Banking Aggregators
  • Mobile Network Operators
  • Technology Providers
  • FMCG/Agriculture/Other Companies
  • FinTech Companies
  • NGOs

The applicant can be based anywhere globally, but the project must target women-owned, managed or led MSMEs in one or more of the target countries.

The target countries include Bangladesh, Cambodia, Fiji, Myanmar, Nepal, Samoa, and Viet Nam.

Eligible Regions: Open for All

Application Process

Apply through the given link.

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Application Deadline: April 30, 2019 (39 Days Remaining)

Apply nowOfficial link

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