ING and UNICEF launch 'Fintech for Impact' initiative to support fintech start-ups in Philippines

FIVE startups in the Philippines have been identified by ING Bank and UN children's agency UNICEF to receive equity-free investments, as well as technical and business mentorship, as part of plans to support startups developing digital solutions that aim to empower young people, children and families.

These fintechs comprise:

This initiative, called "Fintech for Impact", supports open-source solutions that contribute to a growing body of digital public goods that can advance society.

Chris Fabian, senior adviser at UNICEF Innovation said: "Following in the tradition of our Innovation Fund, we are excited to support companies that are building technology solutions to reach even the most disadvantaged families with improved access to financial services - and other tech-driven solutions that reduce barriers to families having a fair shot at a healthy future and opportunities to improve their lives."