Inclusive fintech can drive impact among smallholders and SMEs
30 September 2019
The inaugural interview of Perspectives features Blaine Stephens, COO at MIX who describes how harmonizing data standards and closing information gaps surrounding fintechs that contribute to financial inclusion can drive real impact among smallholder farmers and agri-SMEs. Perspectives, SAFIN network's new series that highlights emerging issues in the area of agri-SME and smallholder finance from the perspective of practitioners and thought leaders from within and outside the SAFIN network.
"Why is MIX sharpening its focus on new areas of inclusive finance like fintech?
Fintech is an emerging area that holds great promise. Over USD 100 billion was invested in fintech in 2018, but investors seeking to spur financial inclusion and financial health for underserved segments, including smallholder farmers, tell us they don’t have a way to assess how fintechs are set up to address financial inclusion challenges. They are also building their deal pipeline from existing networks because they lack a full view of the landscape and methods for identifying new, promising fintechs."