Inclusive Fintech 50 is a global competition that elevates early-stage fintechs driving financial inclusion.
SINGAPORE, 17 JUNE 2019—Thunes, a B2B global cross-border payments network for emerging markets, today announced it is among the winners for the Inclusive Fintech 50 Award. MetLife Foundation and Visa, with partners Accion and IFC, launched the inaugural list to help fintech companies attract capital and resources to benefit the 3 billion financially underserved people globally.
The 50 winners – which were selected from 400 eligible applicants – demonstrate the power of financial technology to expand access, usage, and quality of financial services in advanced and emerging markets. Approximately 30 percent of the winners provide credit products to underserved segments including MSMEs, and approximately 25 percent offer infrastructure solutions like biometrics software that enable financial institutions to expand access to previously excluded groups. Fintechs offering insurance, payments & remittances services, and savings & personal financial management tools each made up approximately 15 percent of the winners.
“We are thrilled to win this award for our work providing services to the underserved,” said Steve Vickers, CEO of Thunes. “It’s always wonderful to receive recognition for the hard work and countless hours spent providing corporations and financial institutions the ability to transfer funds and financial services worldwide, all in real-time and seamlessly. We look forward to our continued work in the fintech space as we bridge the financial services gap.”
Continuing its mission to provide financial services to the 1.7 billion people excluded in emerging markets, the B2B powerhouse partners with corporations, merchants, mobile wallet operators, money transfer operators and banks.
All 50 winners of the Inclusive Fintech 50 were judged on inclusiveness, innovation, scale potential, and traction and are listed at www.inclusivefintech50.com/winners.