The IDEO Last Mile Money is inviting promising early stage ventures that are connecting underserved communities in emerging markets to digital financial services.
Sponsoring Agency: IDEO Last Mile Money
Type of Fund: Accelerator, Incubation, Mentorship and/or Training
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 07/15/2022
Size of the Fund: Less than $50,000
The IDEO Last Mile Money is inviting promising early stage ventures that are connecting underserved communities in emerging markets to digital financial services.
How They Work
- Cohort Selection: They will select cohorts in batches – first by June 15th and the second by July 15th. This way you don’t have to wait, they can get started when you are ready
- Grant Allocation: Once selected, you will receive a grant of $30–50k. Based on how the pilot evolves, they can work with you to top up an additional amount for commercialisation
- Design Sprint: Based on your design and pilot needs, they’ll staff a team of 3 full time designers to work with you over a period of 4 – 6 weeks
Why Apply?
They invest in emerging market startups bringing the promise of digital financial services closer to the people who need it the most. They believe that thoughtfully designed solutions such as better access to working capital, on/off ramps from cash to digital money, affordable cross-border remittances, flexible savings etc. can help build financial resilience and create pathways to a better life for millions of last mile users.
- They understand design for last-mile users
- They provide a range of flexible design support ranging from office hours to 4-6 weeks sprints to help you leverage their expertise
- Tap into their powerful network of partners
- Their partners will help you problem solve, build tech, improve your systems and launch
- Join the IDEO Cash In Cash Out Collective
- Their CICO Collective gives you access to salons, speaker series, and co-creation opportunities with other startups building for the last mile
- Non-dilutive, flexible capital for testing
- They will fund between $30-50k per startup to accelerate your go-to-market and scale up plans with possible top-ups, based on pilot needs
More information at: https://lastmile.money/accelerator
Eligible Countries:
All Countries
Business Categories:
ICT, Business, Startups, Finance and Accounts
