Lulalend is proud to announce that we have been named one of the winners in the 2020 Inclusive Fintech Awards. Inclusive Fintech 50 announced the 2020 cohort of companies driving inclusion and resilience for the 3 billion financially underserved people globally.
An independent panel of 35 experts from venture capital, technology, and financial services firms identified the most promising Fintech companies providing credit, insurance, savings, and other critical products to low-income households and businesses that are particularly vulnerable to financial shocks like the COVID-19 economic crisis.
We are honoured to be part of the 50 fintech companies that were selected from a pool of 403 eligible applicants operating in 111 countries based on four criteria: inclusiveness, innovation, scale potential, and traction.
Brad Jones, CEO of Wave Money and one of the expert judges said, “The final 50 were selected based on strong product-market fit, the experience of their leadership teams, and their potential to scale and reach underserved populations.”
Launched in 2019, Inclusive Fintech 50 identifies and elevates high-potential, innovative fintech companies driving financial inclusion and resilience. The initiative is implemented by MIX, the global data resource for investors focused on inclusive finance.
“Lulalend is incredibly proud of the work we’ve been doing to support the nation’s SMEs. Recognition of what we’ve managed to achieve from Inclusive Fintech, a global thought leader on financial inclusion, will fuel the fire in our team to deliver on our mission of helping South Africa’s SMEs grow, prosper and drive our country forward, ” said Trevor Gosling, Lulalend CEO, and co-founder.
The winners are listed below by the main operating region. Full profiles can be viewed at www.inclusivefintech50.com/2020-cohort.
East Asia & the Pacific
- Fairbanc (Credit)
- First Circle (Credit)
- Helicap (Credit)
- Kiu Global Ltd (Infrastructure)
- Modal Rakyat (Credit)
- Neat (Payments & Remittances)
- Oriente (Credit)
- reach52 (Insurance)
- UangMe (Credit)
- ZigWay (Infrastructure)
Europe & Central Asia
- EthicHub (Credit)
- Eversend (Payments & Remittances)
- Papara (Payments & Remittances)
- SteadyPay (Credit)
- TagPay (Payments & Remittances)
Latin America & the Caribbean
- Aflore (Credit)
- Akiba (Savings & Personal Financial Management)
- Alfi (Savings & Personal Financial Management)
- Bamba (Insurance)
- Coink (Savings & Personal Financial Management)
- Grupo R5 (Insurance)
- Siembro (Credit)
- TiendaPago (Credit)
North America
- Climb Credit (Payments & Remittances)
- Esusu (Credit)
- Fonbnk (Payments & Remittances)
- Propel (Savings & Personal Financial Management)
- SoLo Funds (Credit)
- Trust Stamp (Infrastructure)
South Asia
- Davinta (Credit)
- Dvara SmartGold (Savings & Personal Financial Management)
- ftcash (Credit)
- Fundfina (Credit)
- Kaleidofin (Savings & Personal Financial Management)
- Naya Jeevan (Insurance)
- Nagad (Payments & Remittances)
- SureClaim (Insurance)
- Verismart (Infrastructure)
Sub-Saharan Africa
- Asaak (Credit)
- Bankly (Savings & Personal Financial Management)
- DreamStart Labs (Savings & Personal Financial Management)
- Extramile Africa (Savings & Personal Financial Management)
- Hydrologistics Africa Ltd (Payments & Remittances)
- Lulalend (Credit)
- Moon (Infrastructure)
- OKO Finance Ltd (Insurance)
- Paycode (Payments & Remittances)
- PayGo Energy (Infrastructure)
- PesaKit (Infrastructure)
- Turaco (Insurance)
Inclusive Fintech 50 was founded by MetLife Foundation and Visa, with support from Accion and IFC, and additional funding from BlackRock and Jersey Overseas Aid & Comic Relief.
