One of the multiple ordeals faced by the estimated 281 million international migrants and more than 59 million internally displaced persons involves their finances—or, more specifically their lack of access to the financial system of their new countries. But those many roadblocks to financial inclusion also pose a promising opportunity for fintech startups seeking to ameliorate the situation, according to a new report from Village Capital.
Called Catalyzing Financial Inclusion: Gender-Inclusive Fintech Solutions for Migrants, the report is based on more than 70 interviews with entrepreneurs, NGOs, financial institutions, investors and others. The focus is on financial services in Sub-Saharan Africa, the Middle East and North Africa and