Creating a multi-stakeholder partnership to set up a lab for capital and technical support to Fintechs
Oct 29, 2021
1 min
MSC helped set up a “Financial Inclusion Lab” to identify, mentor, and bring to scale early-stage FinTech startups. These startups address the issues that underserved communities face through innovative and technology-enabled solutions. So far, the Lab has supported more than 40 startups, leading to an impact on 1 million-plus customers and 1,000+ MSMEs. Four major social investors fund the initiative with committed funding of USD 9.5 million. The project highlights MSC’s ability to structure and implement multi-stakeholder projects to achieve a developmental outcome—especially those involving investors and service providers (startups).
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