Tag: competition

NOW Money wins Financial Inclusion award in the UK

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NOW Money has won the financial inclusion category of Pitch360, a competition at the Innovate Finance Global Summit 2017.

The competition took place on 11th April 2017 at the Guildhall in London, UK, and saw 24 FinTech startups compete for one of the eight winning spots covering different areas of FinTech, including Artificial Intelligence, Global Financial Inclusion, Block Chain, Personal Finance, Cross Border Payments, P2P Funding, Cyber Security and RegTech.

Ian Dillon, Co-Founder of NOW, gave the six-minute pitch, where he explained how the company’s FinTech offering will bank the “unbanked” population of the UAE using mobile technology to solve the current problem in the Middle East. He also explained how the solution could be instrumental in increasing security and reducing money laundering.

Ian was selected as the winner of the Financial Inclusion category due to his clear and concise explanation of the situation, and by showing how NOW is using the latest technology to provide a solution for this large, 26 million-strong neglected population group, which helps not only those who are excluded but will indirectly benefit their families overseas, including through access to credit.

“It was a pleasure to introduce NOW to a whole new audience,” said Mr. Dillon.  “We’ve had lots of exposure across the GCC and there’s currently a huge buzz around the FinTech sector. To be able to demonstrate NOW to industry experts in London and globally was so exciting for us. It’s hard to explain the situation to those who don’t live in the Middle East and experience the problem first hand, so to sum it up in six-minutes was a challenge to say the least! But we’re thrilled with the overwhelming positive response; the support we receive from a network of partners, particularly Innovate Finance, is phenomenal and so important in helping us to be part of solving the financial inclusion problem globally.”

 

Where’s NOW Money?

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In January 2017, we were named Gulf regional winners of the social start-up competition, Chivas, The Venture. Last week (13-17th March), the winners of all the regional competitions were invited to Oxford, England to participate in Accelerator Week, which provided mentorship and guidance for all the start-ups ahead of the final in July.

An illustration was made of all participating start-ups, showcasing what each business does in an artistic way. We loved it and wanted to share the interactive version on our blog. If you run your mouse across the image, a pop-up box will tell you what each business is and the social issue they’re addressing. But before you do, try and guess where’s NOW Money?