Peppermint Innovation announced as one of the winners of the Inclusive Fintech 50

Peppermint Innovation Ltd (ASX: PIL) has been announced as one of the winners of the Inclusive Fintech 50, a competition launched in February to help early-stage fintech companies attract capital and resources to benefit the world’s 3 billion financially under-served people.

The 50 winners – which were selected from nearly 400 eligible applicants – demonstrate the power of financial technology to expand access, usage, and quality of financial services in advanced and emerging markets. Approximately 30 percent of the winners provide credit products to underserved segments including MSMEs, and approximately 25 percent offer infrastructure solutions like biometrics software that enable financial institutions to expand access to previously excluded groups. Fintechs offering insurance, payments & remittances services, and savings & personal financial management tools each made up approximately 15 percent of the winners.