Name of the Event: Hackathon 2024 by the Financial Alliance for Women
Date: 18 July - 1 August 2024
Mode: Online
Last Date of Application: 14 July 2024
Link to Apply:
Women represent a huge business opportunity worth trillions of dollars–that has been largely underserved or unserved by the traditional financial sector. Through this e-hackathon, you can chart a path to becoming a chosen brand for female customers.
Who participates?
Formally registered tech-based startup firms primarily serving the financial services industry (fintechs), that possess a minimum viable product (MVP) and are mature enough to build towards the proof-of-concept stage with a commercial bank.
This hackathon is open to fintechs in early to mid-stage development, including seed stage, raising/raised funds, or in the process of scaling.
Why participate?
Selected teams will take part in the Alliance Hack and participate in business development and tech clinics to enhance their expertise in taking a gender intelligent approach; receive guidance from business mentors, and female economy and tech experts. Additionally, fintechs will have the unique opportunity to pitch to high-impact executives of major financial services providers.
Funding:
The winning fintech will receive a US$25,000 cash prize.
The top three winners will also receive a year-long free subscription to the Financial Alliance for Women, enabling them access to the world’s largest network of financial services providers with winning strategies for the Women’s Market.
Rules:
The Alliance Hack aims to build creative and innovative tech-based solutions to facilitate women’s financial inclusion.
To participate, you must fill the application form prior to July 14, 2024, at 12 pm London time. Each team can submit one proposal per problem statement and can submit up to 3 proposals per company.
An independent selection committee will assess fintech proposals based on the following criteria: registration status, growth potential, minimum viable product (MVP) or product on the market, and the ability to impact women’s access to financial services. Selected fintechs will be invited to take part in the Hackathon from July 18 till August 1.
A panel of experts with relevant experience will be responsible for judging entries. The final decisions of the judges are to be based on the following parameters: Idea Validation, Innovation & Prototype, Impact on Women’s Market, Business Model, Customer Segment, Competitiveness and Scalability, Team and Female Founders.
The jury panel will assign a score to each parameter, which will then determine the ranking of each team. The hackathon winner will be the team with the highest total score.
We are not the official organisers of the program. If you have any queries regarding it, kindly contact the organisers at - info@financialallianceforwomen.org
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