Investing in Employment in the Middle East and North Africa Region

SANAD Entrepreneurship Academy



Fintech for All: Fincluders Bootcamp 2017, a unique investment readiness program

Following SANAD´s successful 2017 Fincluders Startup Challenge in Amman, SANAD together with the EFSE, the European Fund for Southeast Europe, supported innovation in the fintech for financial inclusion space once again by organizing the Fincluders Bootcamp 2017. 
October 23rd marked the start of the Fincluders Bootcamp 2017, a two week investment readiness and coaching program held in Luxembourg and Frankfurt am Main. It aimed at nurturing innovative young financial technology companies with ideas for increasing financial inclusion in many countries worldwide, for MSMEs in Serbia to merchants in Jordan. 
Financial technology is highly relevant to advance financial inclusion and provide access to responsible finance. The Fincluders Startup Challenges held in Berlin, Germany by EFSE and Amman, Jordan by SANAD are testimony to the range and maturity of concepts and ideas that are evolving globally to close significant finance gaps. Building on this success, SANAD and EFSE, through their Technical Assistance Facilities, have invited those promising fintechs who are developing inclusive financial services to underserved groups across the target countries of the two funds to the Fincluders Bootcamp 2017. The Fincluders Bootcamp 2017 was held in partnership with Finance in Motion, Village Capital and the Luxembourg House of Financial Technology (LHoFT). 
The bootcamp provided 12 selected startups with intensive mentoring, coaching and peer to peer learning. The program covered a broad range of topics such as business model mapping, peer due diligence processes, customer centricity and designing growth strategies. In addition, it offered targeted networking and exposure visits that supported the startups in their development. As fintechs are part of a dynamic financial sector, often cooperating with traditional banks and microfinance institutions, the bootcamp provided a great platform for partnering with financial institutions of EFSE and SANAD. It facilitated partner institutions to meet and exchange with fintechs to discuss potential for cooperation in the funds’ target regions and advance financial inclusion. 

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