Spice Money, the leading rural fintech and a subsidiary of DiGiSPICE Technologies, on Tuesday, announced entering a strategic partnership with Grameen Foundation for Social Impact (GFSI) India a non-profit to uplift underserved communities, to empower rural women and foster financial inclusion of women nanopreneurs across the country. The partnership of GFSI and Spice Money will launch the initiative, ‘Scaling Agent Viability and Quality in India’ with the support of the Bill and Melinda Gates Foundation, for three years to strengthen the ecosystem.
Through the strategic alliance, Spice Money and Grameen Foundation will focus on upskilling women nanopreneurs with knowledge of banking and financial products. This would help in evaluating the new-age women-centric financial portfolios. The partnership also aims to build a grievance redressal and customer support infrastructure to reinforce customer trust.
Sanjeev Kumar, Co-Founder, Executive Director & CEO at Spice Money, said, “We are delighted to partner with Grameen Foundation for Social Impact to empower women and drive financial inclusion by providing equitable opportunities to them across the country. By combining our innovative approach with GFSI’s expertise, we are poised to create a gender-inclusive financial ecosystem that encourages more women to become financially independent and adeptly addresses the diverse needs of emerging India.”
The collaboration will further focus on the capacity building of women to thrive in the business environment, demonstrating the benefits of women’s inclusive economic development and empowerment.
Arindam Dasgupta, Director, Innovations In Digital Finance, Grameen Foundation for Social Impact, said, “With the support of the Bill and Melinda Gates Foundation, we are delighted to embark on this impactful collaboration with Spice Money. By leveraging our combined strengths, we aim to drive meaningful change by enhancing agent quality, expanding product accessibility, and fostering a more inclusive financial landscape.
A few days ago Grameen Foundation announced its tie-up with Fintech company PayNearby to upskill 1.5 lakh business correspondents (BC) in rural areas. The BCs will provide digital and financial services beyond cash-in/cash-out to the underserved and tech-shy last-mile population.
