NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Does your organization have an innovative idea for a new or enhanced digital financial product or service that meets the needs of low-income customers in Sub-Saharan Africa? If so, CGAP wants to hear from you. We are currently looking to support firms and organizations (Fintech companies, bank and non-bank financial services providers, or other players in the financial services space) by covering the costs of piloting an innovation that:

a) Leverages the attributes of a digital channel (for example, smart and rich user interfaces, two-way real-time interactions, P2P social connections, digital data trails, location-based services, or remote sensing capabilities) to significantly improve the delivery of financial services, expand usage or enhance the customer experience

and/or

b) Tests a new financial product, service or use case that addresses a financial need and has a compelling value proposition for the customer relative to existing formal and informal alternatives (for example, helping them to meet funding shortfalls and shocks; making their money work toward education, housing, microenterprises, etc.; or managing risk ex ante)