Fintech For Impact DPGs From Philippines

[nathanbaleeta]

Globally, about 1.7 billion people remain financially excluded. In the Philippines more than 52 million adults or 77.4 percent of the total adult population remain unbanked.

Without services like savings and insurance, families are vulnerable to economic insecurity - which limits their ability to plan, adapt to unexpected events, and provide the best nutrition, health, and education for their children.

In the Philippines, over 9 million children live below the poverty line. As a result, they have an increased chance of poor health and malnutrition, and - without the ability to afford and access education, training, work, and entrepreneurial opportunities - reduced opportunities in the long term.

To investigate potential solutions that can benefit the most financially excluded, ING and UNICEF have selected 5 startups developing digital solutions that aim to solve financial and banking challenges to receive equity-free investment and to engage in a 12-month support period.

Here are the Fintech For Impact startups:

• Agrabah
• BeamAndGo
• InvestEd
• reach52
• Saphron

[abbycabs]

Tagging myself - thanks for setting this up, @nathanbaleeta!