Alliance Hack 2020 Winners

The Female Economy FinTech of the Year

TymeGlobal is working to bring down barriers that keep women from accessing finance in South Africa, including their limited data footprint, collateralized-based lending infrastructure, and unconscious bias on the part of both the financial institutions and women SMEs. To overcome these challenges, TymeGlobal is partnering with Jumper.ai to expand the data footprint of women SMEs and increase opportunities for lending from financial institutions. Together, Tyme and Jumper.ai will provide the tools to open digital storefronts on social media through Jumper’s conversational commerce platforms and sales bots, enabling female entrepreneurs to better manage their inventory, fulfillment and delivery, and payment systems. This will allow Tyme’s women-led SMEs to increase revenues and better track revenues, providing the foundation for alternative data credit scoring and opening up access to financing.

Female Economy Silver Fintech

Ndovu  seeks to close the gender gap in investing causes by barriers to access such as large amounts of money needed to get started, high financial advisory fees, and opaque, jargon-filled processes. Ndovu provides education, advice, and access to help women achieve their longterm financial plans and build financial resilience. It does this through two steps: 1) financial planning with an app that provides simple educational tools to improve users’ financial knowledge, and 2) investment management based on each users’ financial goals and provides returns significantly above the savings rate, helping them to recover. 

Female Economy Bronze Fintech

GFI Fintech is a data analytic tech company that specializes in profiling technology for the financial industry. It develops cutting edge solutions by integrating multiple scientific disciplines, including artificial intelligence, machine learning, behavioral sciences and psychometrics. Its flagship product – GFI – which is an AI-based psychometric credit risk assessment, predicts whether an individual will default on a loan and has been used since 2018. GFI enables banks to confidently lend to customers with no formal credit history – many of whom are women. It allows banks to expand its market, improve repayment and contribute to enhancing the economic empowerment and financial inclusion of women and low-income individuals.