Catalyst Fund addresses a common problem we see with early stage startups in the inclusive fintech space. They have a hard time securing the capital and expertise needed to complete and test their products. This throttles innovation and limits the impact from new approaches.
Starting in 2016, Catalyst Fund will deploy $2M in grant capital and $1M in in-kind advisory services to about 20 startup enterprises globally. Mentorship will be provided by a investor committee of leading impact investors: Accion Venture Lab, Gray Ghost Ventures, Omidyar Network and Quona Capital.
In addition, Catalyst Fund seeks to generate insights and lessons about financial inclusion products, technologies and business models and the process of startup-led innovation, which will be shared with the wider sector.
Learn more by downloading our two-pager.