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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