The Alliance Hack 2021 leveraged the Alliance’s deep expertise to support fintechs in developing solutions to help women business owners access and use financial products and business development support services to accelerate their business growth, as well as connect them with global financial services providers (FSPs) who also want to do the same.
Thirteen teams tackled these challenges; five working on Financing Wome-Owned/Led informal VSEs, two on financing Women-Owned/Led formal SMEs, one on Non-Financial Services, four on wealth, and one on identifying Women-Owned/Led Businesses Within Bank MIS. Each of these teams applied with an innovative proposal that they are now developing into a scalable solution, with support from the hackathon’s excellent experts and mentors. The teams hail from ten different countries—including Australia, Argentina, Colombia, Great Britain, India, Nigeria, Spain, Taiwan, Uganda, and the United States—reflecting the global nature of both the Alliance network and the issues at hand.