Tuesday, June 25, 2024
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HomeInnovationGrant funding unlocked for FinTech to solve financial inclusion challenges in Trinidad...

Grant funding unlocked for FinTech to solve financial inclusion challenges in Trinidad and Tobago, Eastern Caribbean States

PORT OF SPAIN, Trinidad – Local, regional and global FinTechs can receive grant funding to develop digital payment solutions to solve industry-wide issues impacting citizens’ access to financial services across the region.

The EU-UNCDF-OACPS Eastern Caribbean Digital Financial Inclusion Programme launched a Caribbean FinTech Sprint for Financial Inclusion, in partnership with the Trinidad and Tobago International Financial Center and with support provided by the Organization of Eastern Caribbean States.

The Caribbean FinTech Sprint for Financial Inclusion aims to attract local and global FinTechs with market-ready solutions to address three identified digital payment problem statements across the region. A maximum of five successful applicants may be awarded up to USD$100,000 each.

Sprint partners include Trinidad and Tobago national agricultural marketing and development corporation, RHAND and CLICO Credit Unions under the Credit Union League of Trinidad and Tobago, the Eastern Caribbean Central Bank’s DCash initiative, the Organization of Eastern Caribbean States, VISA, the American Chamber of Commerce, and the European Chamber of Commerce.

The challenge aims to strengthen cross-sector collaboration by bringing together the financial ecosystem across the Caribbean identify innovation which tackles the following identified challenges:

  • Digital payment solutions for underserved users of Credit Unions;
  • Expand e-commerce solutions for smallholder farmers;
  • Optimization of remote onboarding for D-Cash.
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