Updated May 05, 2020CLOSED

FINANCE FORWARD MENA 2020

Offered by Village Capital and Paypal

Village Capital and MetLife Foundation are launching an investment readiness program for Middle East and North Africa (MENA) and Turkey-based startups that are using tech to help low-income individuals and families manage their day-to-day finances, build short- and long-term savings and wealth. The accelerator is a collaboration between Village Capital, MetLife Foundation, and PayPal. We’re encouraging applications from entrepreneurs building high-growth, scalable solutions focused on the following regional challenges: Gender Inequality, Youth Unemployment, Access to Finance for MSMEs, and Digital Finance.

The COVID-19 pandemic will have an unprecedented effect on the financial health of many in MENA, with low-income groups and small businesses heavily impacted. Applications for Finance Forward MENA 2020 are open to companies developing relevant products in response to the crisis.

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GrantType
CLOSEDMay 28, 2020Deadline
Up to $70,000Amount
2Number
UnavailableDuration(Months)

Mandatory Requirements

Implemented In:
RegionMiddle East and North Africa
CountryTurkey
Focus AreasFinancial Sector & Investment (Economic Growth and Trade)
Entrepreneurship (Economic Growth and Trade)
Youth
Gender

Eligible startups must have:

  • • For-profit market-based solution that tackles a financial health challenge for low-to-moderate income communities in MENA or Turkey
  • • Operations in or have the ability to expand business to the MENA or Turkish market
  • • Have a minimum viable product (MVP), and raised less than $1M in equity
  • • Have at least one full-time founder based in the MENA or Turkey
  • • Have meaningful customer or business validation (not limited to revenue, can also be successful pilot studies, number of users, and/or strategic partnerships)


Application Directions

Applications can be submitted directly online.
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