Fintech and Financial Inclusion for the Amazon
Underfunded by both investors and donors, many Amazonians struggle to access banking services, loans, insurance, payment systems, and more. Two startups are filling the gap, bringing liquidity, accountability and technology. What is the future of financial inclusion in the Amazon? Founded in 2016, Welight helps donations reach local communities by integrating with global payment networks and providing a blockchain of transaction histories. The transparency improves reporting, trust, and generosity. The tech also helps some businesses to improve accounting and investability. Founded in 2020, Impact Bank provides end-to-end financial solutions to unlock the potential of profit-for-purpose businesses and nonprofits. Active globally, Impact Bank facilitates philanthropic and impact investments in Brazil, leveraging millions in catalytic resources. New solutions help customers out-of-reach of banks and other fintechs, such as nonprofits, cooperatives, associations and others. With a blended finance architecture, the company will soon provide credit and technical assistance to forest-based ventures that have controlled risks, inclusive governance and legal certainty. Who will participate? How can new startups and NGOs join? How can investors and philanthropists help? How can they benefit? Join us to meet Gabriel Ribenboim, co-founder and CEO of Impact Bank as well as CEO of Welight.
