Entrepreneurs compete for the final awards to accelerate financial inclusion
MADRID, June 27, 2018 /PRNewswire/ -- Alda, Goin, GoParity, OpSeeker and Raize have been selected as finalists in Inclusion Plus in Iberia. The initiative is part of a global competition to identify and support entrepreneurs, non-profits and impact organizations that help advance financial inclusion for an estimated 2 billion people across the world.
Over 40 organizations submitted innovative products, programs and services that increase financial wellbeing for low-income individuals and families across Iberia, all competing for a total of €90,000 in grant funding from MetLife Foundation to scale their solution.
In the semi-final round, 18 advancing teams worked closely with MetLife employees to refine their pitches. The finalists advancing in the competition will have the opportunity to gain exposure and to compete for the final award in July.
ABOUT THE FINALISTS
Alda, of Spain, provides independent and professional financial advice to low-to-moderate income individuals, improving their access to products and services best suited for them.
Goin, of Spain, is a fintech solution that automates savings through rounding up purchases, allowing users to save on a daily basis.
GoParity, of Portugal, is a crowdlending platform, connecting small businesses seeking competitive financing with citizen-investors seeking profitable investment opportunities.
OpSeeker, of Spain, is an AI-powered financial coach that empowers low-to-moderate income young individuals to build better money management practices.
Raize, of Portugal, works with retail investors and small businesses to promote a more sustainable funding platform for the economy and incentivizes household savings.
Oscar Herencia, General Manager of MetLife in Iberia, stated, "MetLife has an ongoing commitment to innovation, and to making a positive impact on the societies in which it operates. For us, it is very important to support innovative initiatives such as Inclusion Plus, promoting local organizations that are improving the financial well-being of low- to moderate-income individuals and families."
On 5 July, the finalists will pitch their solutions to VIP judges and be awarded up to €40,000 in grant funding at an event in Madrid. To learn more about the competition, developed in partnership between MetLife Foundation and Verb, visit iberia.inclusionplus.com.
MetLife, Inc., through its subsidiaries and affiliates ("MetLife"), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
About MetLife Foundation
MetLife Foundation was created in 1976 to continue MetLife's long tradition of corporate contributions and community involvement. Since its founding through the end of 2017, MetLife Foundation has provided more than $783 million in grants and $70 million in program-related investments to organizations addressing issues that have a positive impact in their communities. In 2013, the Foundation committed $200 million to financial inclusion, and our work to date has reached more than 3.5 million low-income individuals in 42 countries. To learn more about MetLife Foundation, visit metlife.org.
About Verb, Inc.
Verb is a social enterprise that produces social entrepreneurship competitions and delivers employee engagement in partnership with companies and foundations. Verb competitions mobilize thousands of teams from around the world to solve the planet's most pressing social problems. Founded in 2013 by Austin entrepreneurs Suzi Sosa and Tom Meredith, Verb leverages its online platform, innovation expertise, and entrepreneur network to produce a social innovation engagement experience unlike any other. For more information, visit www.verb.net/.
SOURCE Verb, Inc.