Not-For-Profit corporation FINCA International, together with USAID’s Partnering to Accelerate Entrepreneurship (PACE) Initiative have announced the launch of FINCA Forward
The innovative platform is to help facilitate collaboration between early-stage financial technology (fintech) enterprises and microfinance institutions supporting the world’s poor
“FINCA International has long been dedicated to serving unbanked and underbanked populations,” said Rupert Scofield, President and CEO of FINCA International. “FINCA Forward represents the next step in this service, drawing on our experience as the founder of a global microfinance network while embracing digital innovations. By catalyzing support and investment for early-stage fintech enterprises, we aim to help small and growing businesses overcome the pioneer gap and to enable microfinance institutions to bring much-needed financial services to at-risk populations of women, youth and the rural poor”
The platform is a two-year pilot, funded by a grant from USAID, through the PACE Initiative and Feed the Future.