Impact-Linked Fund for Gender Inclusive Fintech

Impact-Linked Fund for Gender Inclusive Fintech (ILF for GIF)

Catalyzing women’s financial inclusion with Impact-Linked Finance


Although female financial inclusion offers disproportionately deep and lasting impact benefits, women consistently continue to make up the majority of the world’s poor and financially excluded. Inclusive fintech solutions in emerging markets hold significant potential to close financial inclusion gaps by accelerating cost-effective and convenient access to financial services for women. Despite this, private sector investments in fintech companies are not geared toward leveraging this potential. Women-led fintechs and those that are already gender-inclusive struggle to access the capital they need to scale.

Impact-Linked Finance holds the potential to resolve this dilemma, aligning incentives to better serve marginalized women. While women are commercially attractive fintech customers in the long term, a targeted approach is needed to better serve them and create lasting value. Impact-Linked Finance enables and encourages this alignment by rewarding positive outcomes with financial incentives. The Impact-Linked Fund for Gender Inclusive Fintech (ILF for GIF) provides Impact-Linked Finance and technical assistance to fintechs to support a stronger focus on gender-transformative outcomes for financial inclusion. Fintechs, identified by renowned impact investment funds, are directly rewarded with financial incentives for achieving social impact, improving their profitability. The investment from the partnering impact funds helps the fintechs to scale, magnifying their impact even further.

In March 2022, this fund secured commitments of USD 13.4 million from the Swiss Agency for Development and Cooperation (SDC) and the Austrian Development Agency in a first closing. The full target fund size is USD 21 million.


The ILF for GIF Partners

ILF for GIF Partners

Key features:

Crowding-in the private sector

For every dollar of impact-linked capital provided, the Fund will catalyze additional private sector investment through renowned Impact Investors as partners.

Creating scalable sectoral impact

The ILF for GIF will build core partnerships with Ecosystem Enablers, such as incubators/accelerators, venture builders and intermediaries, specifically focused on marginalized women.

Technical assistance

Technical assistance will be available to fintechs and ecosystem enablers, and will include Impact Measurement & Management, gender-specific interventions & action plans, and migration-related support.

Research, learning & knowledge sharing

As a first-of-its kind facility, the ILF for GIF will focus on generating and sharing lessons, providing a blue-print for other gender-smart financing solutions, Impact-Linked Finance structures, and related support.

An empowering, locally-driven paradigm shift

The structure of the ILF for GIF shifts decision-making power to local partners who target impact objectives with locally-developed, contextually relevant solutions, rather than prescribed aid or support.

Program pillars:

ILF for GIF basic graph white background

Ecosystem enablers:

The ILF for GIF features accelerator and incubation programs supporting Fintechs to achieve a better inclusion of women migrants: (1) The Financial Solutions for Migrants” accelerator program run by our partner Village Capital, and (2) the Financial Innovations for Women Affected by Migration (FIWAM)” growth program run by our partner Seedstars. In addition, (3) Woman’s World Banking is developing tools & products to will support fintechs in being more gender-inclusive. Check out their pages below for more information:

-> Find the 32 startups selected for the Village Capital accelerator

-> Read the Seedstars press release from July 3, 2023

Impact investor partners:

The ILF for GIF is closely cooperating with prestigious impact investors who are sharing relevant Fintech portfolio companies with us. As of January 2024, these are our partners:

-> Bamboo Capital Partners

-> Accion

-> Women’s World Banking Asset Management

-> Nordic Impact Funds

-> Patamar Capital

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