What is #CF20?
As we reach our milestone of 20 Catalyst Fund companies, #CF20 is a unique campaign to shine the light on our innovative and impactful companies and demonstrate to the fintech ecosystem how our inclusive fintech startups around the world are making a difference -- by reaching more underserved customers using appropriate, affordable and accessible products and services, and who are on a promising path to growth. Read more about our companies here.
Here's What Catalyst Fund Companies' CEOs Have to Say...
Trust plays one of the most crucial roles for a new venture in an emerging market. Building trust with customers can help accelerate your journey towards product-market fit. Watch this video to know how we helped WorldCover with that! #CF20
Emerging market customers are often under-protected and have little to no access to traditional insurance distribution channels. ToGarantido was built to solve this issue by providing digital access to high-quality and affordable insurance products. At Catalyst Fund, we are working with them to make these digital financial services affordable, accessible and valuable for low-income customers. #CF20
Harvesting aims to be the Agriculture Intelligence Engine, which will help bring speed, accuracy and transparency across the agricultural value chain, and here's how we're helping them accelerate. Know more: catalyst-fund.org/companies/#harvesting #CF20
MobiLife believes that no family should go hungry due to the loss of a breadwinner. It is Africa’s first 100 percent “built-for-mobile” life insurance, using the power of smartphones to bring effective insurance solutions to low-income consumers. Watch this video to know how we're helping him expand their network of investors. #CF20
#InsurTech companies such as World Cover are serving customers with little reported financial data, farmers and women & providing Accessible financial services. Here's how we are helping them broaden their network and reach. catalyst-fund.org/cf20 #CF20
On average, a middle-income household in India spends about 7,000 – 9,000 rupees at any neighborhood store. More than 95 percent of transactions are in cash because most stores do not accept cards and/or users do not have credit cards. Here's how Catalyst Fund accelerated PayLatr to change the #InclusiveFintech landscape. #CF20
Here's how Catalyst Fund, a program of BFA with the support of JPMorgan Chase & Co. and Bill & Melinda Gates Foundation, is working with Abalobi and Serge Raemaekers to build #financialservices that small-scale fishers want. #CF20
Some More Snippets from our #CF20 CEOs:
“Catalyst Fund is the best support program for impact startups you can find out there. They provide the capital your organization needs to prove its model with no strings attached. And they bring unrivalled expertise that all the founders need at this stage. Think of it as a senior advisor that gives you money to prove your business while ensuring you don't miss the right turns.”
“To be a part of the Catalyst Fund cohort was a game changing experience for us. It gave us a much broader understanding of how we can effectively co-create better insurance products that really fit the needs of the low income population. In addition, it allowed for a great technology enhancement in our platform, automating the policy purchase process entirely through a chatbot.”
“Harvesting Inc is proud and honored to be a Catalyst Fund Company as we share the same ethos and vision for financial inclusion. Catalyst fund has not only validated our intent but given us the impetus to take the next leap forward. The association has not been limited to the grant as we have been introduced to key stakeholders in the global ecosystem to share our mission and collaborate globally.”
“As a founder, Catalyst Fund has provided me with an invaluable community of like-minded mission-driven founders, who are building the next generation of tech for emerging markets. My team has learned so much about user research and building trust for fintech products. And our customers ultimately are getting a better product because of Catalyst.”
Chief Business Officer, Asaak
“Our Catalyst Fund consultants have been instrumental in reshaping our lending policies and helping us to optimize our internal operations. They really went above and beyond to teach us everything they could and we are excited to continue the dialogue and continue to learn from them.”
“Catalyst Fund helped us to connect not only with new investors who care about social impact, but also with incredible companies that are solving huge problems for the most unfortunate. With these other companies we have been able to share experiences, solve common problems and to keep us motivated and sharp when things don't work as expected.”
“The access to data analysts and their experience was invaluable to not just understanding our historic experiences to date, but helping us shape our approach and processes for our future innovations. The added bonus was putting Sri Lanka on the map for inclusive fintech - as more often we are overlooked by the opportunities in the rest of South East Asia.”
CEO, Smile Identity
“Catalyst Fund is aptly named. More than a grant organization, they operate like a seed investor, tailoring their involvement to the needs of each company. Just as comfortable assisting with customer interviews as with hiring software consultants, Catalyst Fund brings helping hands to the hard work of company building.”
Chief Performance Officer, PayAgri
“We are now able to attract quality human resources due to our association with the Catalyst Fund. Quality resources are instrumental in achieving our goals. Thanks to the Catalyst Fund webinars, we have the access to the rich knowledge-base in Fintech space across the globe.”
“Being part of the Catalyst Fund has been a fantastic opportunity to connect with global leaders in developing impactful technologies for underserved communities. Through Catalyst, Sokowatch has been able to leverage world class talent to address complex challenges within our business operations and in the process, develop new innovative technologies to better help our customers.”