Visa announced on Wednesday it is now seeking all women entrepreneurs for its first Visa Everywhere Initiative: Women’s Global Edition. The credit card giant revealed the global program invites women entrepreneurs from around the world to tackle FinTech and Social Impact challenges for a chance to win $100,000 in each of the two challenges. The program will culminate with a finals event to be held during the kick-off of the FIFA Women’s World Cup France 2019.
To participate, companies with at least one female founder are invited to submit solutions that tackle challenges facing the FinTech and Social Impact landscapes today through one of the two innovative briefs.
- Challenge 1 (FinTech): Leveraging your company’s unique capabilities, how could your solution help transform consumer and/or commercial payment experiences locally, regionally or globally?
- Challenge 2 (Social Impact): How can women entrepreneurs around the world drive social impact by supporting sustainable and equitable livelihoods and strengthening local/regional economies?
Speaking about the new initiative, Lynne Biggar, Chief Marketing and Communication Officer at Visa, stated:
“More than 163 million women around the world have started their own business in the last five years, accounting for up to 37% of the workforce. Women entrepreneurship is on the rise and Visa is committed to inspiring more women to break through barriers through platforms like the Visa Everywhere Initiative.”
Visa went on to add that since 2015, the Visa Everywhere Initiative (VEI) has provided visionary solutions for commerce and payment challenges of tomorrow. The program has activated regionally in 75 countries and awarded more than 70 leading startups with monetary prizes, mentorship and access to Visa’s clients and partners.