The Financial Inclusion (FI) lab counts among India’s earliest early “inclusive” accelerator programs. It was set up by the Bharat Inclusion Initiative (BII) and CIIE – Indian Institute of Management Ahmedabad in 2018. The FI lab program works across the entire innovation continuum. It incubates and accelerates early-stage nationwide and supports them to get seed and venture capital to fuel their growth.
The FI Lab’s program’s portfolio includes tech-driven startups across various financial inclusion themes, such as WealthTechs, InsurTechs, AgriFinTechs, credit FinTechs, and enablers that support financial institutions to deliver better last-mile connectivity. The FI Lab collectively targets the critical challenge of financial exclusion in India.
Rather than piecemeal approaches, the FI lab starts by unearthing deep and actionable insights through objective-driven research about India’s low- and middle-income groups—the Bharat segment. It then converts these insights into actionable and market-focused solutions to design lean products, find the right market fit, craft effective go-to-market plans, and bridge business gaps to connect with growth partners.
The FI lab has helped startups grow their business and impact over the past five years.
Since 2018, the Lab has inspired similar programs to empower founders who want to improve the socio-economic lives of people from the Bharat segment. The FI Lab has positively impacted the financial inclusion ecosystem by guiding 50+ startups, which have collectively served more than 45 million underserved people. Our interventions have led to a direct addition of 32 million users for these startups, or ~71% of their current users under their existing portfolio.
Uncover the details of all the portfolio companies we have supported across different themes through FI Lab here:
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