AI for Financial Resilience

About

The "AI for Financial Resilience" program by Mercy Corps Ventures offers startups the chance to receive up to $50,000 in equity-free funding to develop innovative AI-driven financial technology solutions aimed at underserved and unbanked populations, particularly in emerging markets such as Sub-Saharan Africa, Latin America, and the Caribbean, with additional benefits including strategic guidance and partnership opportunities.

Benefits

• Up to $50,000 in equity-free funding
• Strategic guidance
• Impact measurement support
• Partnership opportunities
• Sharing of industry best practices

Eligibility Criteria

• Startups developing AI-driven financial solutions for underserved and unbanked populations
• Focus on low-income individuals, women, migrants, and MSMEs
• Primarily targeting emerging markets, especially Sub-Saharan Africa, Latin America, and the Caribbean

Target Region

Sub-Saharan Africa, Latin America, Caribbean

Target Sector

Financial Technology