The fintech sector holds great promise and potential to move the needle on financial resilience and financial health for underserved populations. However, due to the COVID-19 pandemic, fintechs face unprecedented challenges in continuing to serve their customers, keep their employees safe, and access scarce resources to support ongoing operations.
MIX and the Swiss Capacity Building Facility (SCBF) are working together to provide data and information to investors and other donors focused on inclusive finance in order to help them design appropriate strategies for responding to the crisis. As a global data resource for the industry, MIX will conduct quantitative research to understand how early-stage fintechs are affected by and responding to COVID-19, and what type of assistance may improve or optimize their operations and product delivery. With this rich data, MIX and SCBF will present meaningful analysis to investors and ecosystem supporters on what they can do to help fintechs.
The findings will also help fintechs themselves learn about the various coping strategies being employed by their peers. The results of the quantitative analysis will be available in August 2020.
MIX is the leading global data resource for socially responsible investors and businesses focused on inclusive finance. As a unit within the Center for Financial Inclusion, MIX’s catalytic data initiatives encourage the growth of inclusive markets and support informed thinking on the future of financial services. MIX convenes stakeholders to build common data standards that create transparency and develops strategic insight from complex data to help sectors flourish. Founded in 2002, MIX has served as a trusted data partner for socially responsible investors who move USD 10 billion annually.