Solfeh from Jordan and Kaoun from Tunisia were selected out of 11 startups.
Out of 11 overall startups, two startups, Solfeh and Kaoun, just won Finance Forward: Middle East and North Africa, a Village Capital investment-readiness programme held in Amman, Jordan. The fin-tech startups will share $50,000 in grant investment.
Solfeh is a Jordanian micro-lending platform that provides same-day on-demand cash advancements to salaried employees. On the other hand, Kaoun provides access to financial services to unbanked and underbanked individuals in Tunisia using identification, payment and credit solutions. The two startups reigned champions with the help of their peers in a ‘peer selected investment’ round.
Additionally, Kader, a Jordanian-based online recruitment platform for blue-collar and fast-moving jobs, took home a cash prize of $50,000, courtesy of the MetLife Foundation.
The programme was run in partnership with MetLife Foundation, local partners including Beyond Capital,Endeavor Jordan, Flat6Labs, Arab Bank, and an advisory board of MENA-based investors and experts. The Finance Forward programme is a multi-year global coalition that aims to support entrepreneurs who are aiming to enable tech-based financial health solutions in the region.
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