The Women in FinTech Hackathon – Closing the Gender Gap for Innovation and Financial Inclusion

by Mojaloop Foundation on October 15, 2020

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Although the tech world is advancing at an alarming rate, discouragingly, 23% of women worldwide are still financially excluded. This statistic is overwhelming as we draw closer to 2021 and requires urgent attention. According to the Uganda FINSCOPE 2018 survey, women are 1.8 times more likely to access informal financial services via their village savings groups and co-operatives than formal services. At ModusBox, we view women as agents of change and seek to alter this narrative by providing access to secure financial technology-based solutions.