Bloom Impact selected as an MIT IIC Africa Region Finalist
Accra, Ghana September 18, 2019
Bloom Impact CTO, David Hutchful, will be presenting at the MIT Inclusive Innovation Challenge (IIC) Regional finals in Addis Ababa, Ethiopia this week. We are honoured and excited to have been selected as a Finalist and presented with this great opportunity.
The IIC awards over $1M in prizes to future of work entrepreneurs in four categories that holistically represent the solution types necessary to build an economy that works for all in the digital era. The four categories are Skills Development and Opportunity Matching, Income Growth and Job Creation, Technology Access, and Financial Inclusion.
Bloom Impact is a financial services marketplace app that helps SMEs access affordable financial services. Our mobile App uses machine learning, data analytics and a scoring algorithm to analyse needs, eligibility and suitability of SME’s and match them with the most suitable products. We provide financial education, tools, credit reports and guidance to ensure responsible borrowing, savings behaviour and smart business usage of payment accounts. With over 40 products and multiple bank partners on our marketplace platform, we have been able to serve thousands of unbanked and underserved youth, women and other growing small businesses.
In Ethiopia, Bloom Impact, along with 2 other African ventures will pitch for the opportunity to be the regional finalist in the Financial Inclusion Category. 20 Regional finalists from Asia, Africa, Europe, North America, and Latin America will get the opportunity to attend the Global Grand Prize Gala at MIT, Cambridge, MA on November 21, 2019. There, finalists in each category will compete to be a Grand Prize Winner, receiving $250,000 for their venture. We are honoured and excited to have been selected as a Finalist!