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Leveraging Blockchain for Financial Inclusion

 In In the News

June 8, 2021

UNICEF Office of Innovation–(UNICEF)–

The UNICEF Innovation Fund announces 8 new startups developing open-source, blockchain-based solutions toward greater financial inclusion.

The new cohort will receive equity-free investments in USD and/or cryptocurrency through the UNICEF CryptoFund and year-long mentorship with UNICEF’s technical and programme experts and partners.

This round of investments marks the first time a cohort is receiving both USD and cryptocurrency as well as the first cohort with over 50% of the companies being female-led. The cohort also expands the Fund’s portfolio to Rwanda and Iran.

This cohort has been selected in response to a call for applications issued around creating digital tools for people to access decentralised financial instruments, marketplaces, and decision making mechanisms to empower local communities to engage with systems in new ways. The Fund received more than 400 submissions from over 70 UNICEF programme countries.

Leaf Global FinTech (Rwanda) is developing a virtual bank for refugees and vulnerable populations, allowing for storage and transfer of assets across borders.

Read more about their work here.

Read the full article HERE

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