The “Women for Women in FinTech” initiative falls under the “Accelerate'ha" initiative, launched back in 2021 by the CBE to accelerate the development of innovative FinTech solutions for women-led businesses
As part of efforts by the Central Bank of Egypt (CBE) to empower women, FinTech Egypt launched a 6-month initiative to support female entrepreneurs in expanding their businesses through FinTech solutions.
The “Women for Women in FinTech” initiative falls under the “Accelerate'ha" initiative, launched back in 2021 by the CBE to accelerate the development of innovative FinTech solutions for women-led businesses.
In a statement over the weekend, the CBE-backed FinTech Egypt announced that the initiative, which began in March 2024, will continue for 6 months, providing female entrepreneurs with intensive training sessions and workshops in different fields, to highlight the significance of FinTech and its positive impact on their businesses.
“This initiative comes within the framework of CBE’s FinTech strategy and contributes to the efforts that aim to localize FinTech applications, through supporting the unique potentials and talents of [female entrepreneurs],” explained CBE’s Deputy Governor, Rami Aboulnaga.
Women for Women in FinTech aims to equip women with the skills to use FinTech applications and achieve the right matchmaking between startups and banks via “Embedded Finance” solutions, bolstering long-term growth for up-and-coming businesses.
According to the statement, 12 startups have been selected to participate in the initiative, delivering pitches to some of the most experienced female leaders from the CBE, the banking sector, as well as FinTech and FinTech-enabled startups.
Alongside presenting their businesses, the startups will receive guidance from some of the FinTech sector’s leading women, supporting their growth within the Egyptian market.
