Zimbabwean FinTech Start Up MoneyMart Finance founded by Dr. Ethel C. Mupambwa selected "2023 Fintech Innovation Challenge semi-finalists" by Women's World Banking at Singapore FinTech Festival

Zimbabwean Microfinance Fintech startup MoneyMart Finance was selected among ten semi-finalists at the fourth annual Fintech Innovation Challenge by Women’s World Banking at the Singapore FinTech Festival. This allows Money Mart to compete live at the 2023 Making Finance Work for Women Summit in February 2023.

MoneyMart Finance is a Microfinance bank that focuses on lending money services to Zimbabwean women with no access to funding and financial solutions. It was founded by Dr. Ethel Chiwara-Mupambwa in 2014. 

MoneyMart Finance was chosen out of a pool of 98 highly qualified applicants from 34 countries around the world to advance in the only fintech competition whose exclusive focus is closing the gender gap in serving the low-income women’s market.


Dr. Ethel C. Mupambwa's MoneyMart Finance selected among "2023 Fintech Innovation Challenge semi-finalists" by Women World Banking at Singapore FinTech Festival
Dr. Ethel Chiwars-Mupambwa


In addition, of the 10 semifinalists, 7 female-founded fintechs including Money Mart were inducted into Women’s World Banking’s first-ever Female Founder’s Circle. This exclusive network of like-minded female founders will be promoted through robust integrated communications, marketing and media campaign.

The four finalists will be announced on January 9, 2023. Finalists in the Challenge will participate in an in-person pitch competition at Women's World Banking's bi-annual Global Summit taking place in 2023, and be fast-tracked for participation in the Women’s Economic Empowerment Accelerator, powered by the Miller Center for Social Entrepreneurship at Santa Clara University. They will also receive pitch advice and a UX design consultation. 

The Grand Prize winner will receive access to key 2023 fintech events like Point Zero Forum, Elevandi Connects, and the Singapore FinTech Festival, as well as a speaker invitation at a Women’s World Banking Making Finance Work for Women event.

See the full list of the 2023 Fintech Innovation Challenge semifinalists below:

  1. Amartha
  2. ARTH Impact - Female Founder Circle Participant
  3. Awaaz.De Infosystems - Female Founder Circle Participant
  4. DotX Technologies
  5. Easy Management - Female Founder Circle Participant
  6. HAMWE East Africa - Female Founder Circle Participant
  7. IndiaP2P - Female Founder Circle Participant
  8. MoneyMart Finance - Female Founder Circle Participant
  9. Paycode
  10. Peabody Soft - Female Founder Circle Participant

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Godwin Mungwadzi

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