Frollo is a winner of 2019 Inclusive Fintech 50
Frollo, the digital finance engagement platform, is a winner of Inclusive Fintech 50 – a global competition to elevate early-stage fintechs driving financial inclusion.
The Inclusive Fintech 50 competition, funded by MetLife Foundation and Visa with support from Accion and IFC, aims to elevate early-stage fintechs driving financial inclusion in countries around the world. Fifty winners have been selected from 400 eligible applicants ranging from payments companies to insurance providers to personal financial management tools.
The judging criteria covered inclusiveness, innovation, scale potential and traction. Frollo’s winning application highlighted the milestones it has achieved, including the $7B of tracked spend within its’ consumer app and the launch of the Frollo Financial Wellbeing Score and its’ Budgeting, Goals and Challenges features.
“Frollo combined new technology with the rigour of research to improve the financial well-being of 50% of Australians that are living from paycheck to paycheck. More importantly, Frollo has shown traction and impact in their 3 years of operation: users have saved over $40 million worth of goals with over one-third of those focused on debt reduction,” writes the Inclusive Fintech 50 team.
The winners will benefit from increased visibility through Inclusive Fintech 50’s publicity campaign. This includes media partnerships, digital activations, and a forthcoming white paper that will provide insights into the applicants, winners, and lessons learnt.
“We’ve enjoyed a good run of recognition recently but the team at Frollo are particularly pumped about this award! For Frollo to be nominated from such a large pool of fintechs from around the world is incredibly satisfying and provides a great platform to increase Frollo’s exposure to investors, clients and partners in more overseas markets.
With 3 billion financially underserved people globally there is no end of opportunity for the financial wellbeing community.” Gareth Gumbley, Frollo Founder & CEO.