FINTECH LAB MYANMAR
WHO ARE WE CHALLENGING?
FinTechs in Myanmar
Fintechs that have solutions to key financial inclusion challenges– and who seek connections with strong industry partners to develop and test their technologies.
Established financial technology companies located anywhere in the world that have solutions relevant and adaptable to Myanmar. FinTech Lab Myanmar can connect you to strategic partners and customers.
Myanmar’s Financial Industry and Other FinTech Adopters
Including commercial banks, microfinance institutions, and other potential adopters of FinTech solutions that want to learn about and understand the latest FinTech solutions for improved efficiency, reach, and customer experience.
WHAT WE CAN PROVIDE
Access to potential pilot funding and tailored guidance from experienced industry experts in order to define the local market, confirm to local regulatory standards, and scale successfully in Myanmar.
Access to networks that can shape the success of your solution, including potential industry customers (both financial and non-financial sector) and financial regulators.
Access to potential collaborators including local industry and other FinTechs, along with introductions to strategic partners and FinTech investors who can help your solution scale.
HOW IT WORKS
In partnership with financial regulators, industry, and FinTech experts, FinTech Lab Myanmar will aggregate the financial inclusion needs of participating corporate partners (including commercial banks, microfinance institutions, and other local industry adopters), and distill those needs into technical problem statements.
Global Call for Solutions
FinTech entrepreneurs from within Myanmar and around the world will be invited to submit their solutions for consideration.
Shortlisted FinTechs will participate in a matchmaking process with potential customers and strategic partners. Selected FinTechs will work with local industry partners to fine-tune solutions in the preparation for the final Demo Day.
Following the Demo Day, ADB Ventures will consider funding a limited number of pilot tests in close collaboration with financial regulators and industry partners.
ADB Ventures will remain engaged with the innovators behind successful pilots, and consider follow-on investment to scale solutions.
PRIZES & BENEFITS
Funding to Pilot and Scale Solutions
Selected finalists will receive ADB Ventures funding to pilot their solutions in close cooperation with financial regulators and industry partners. Successful pilots may also receive investment and additional support.
Finalists will have the chance to compete for substantial cash prizes.
Networks and Visibility
Finalists are invited to networking sessions and to demonstrate their solution’s potential at high-profile Demo Days involving financial regulators and industry.
International FinTech Event
Winners will have the opportunity to attend and present on their product and solution at a prestigious international fintech event.
APPLICATIONS OPEN MAY 2019.
© 2019 Asian Development Bank.