Innovation Competition – Financial Services for Refugees

The Innovation Competition is a call for proposals from financial services and payments services providers intent on extending their services to refugees and host communities in Uganda. Researchhas highlighted the opportunities for FSPs to reach this large and underserved market with transactional, savings, insurance, credit, remittance and other products. However, many providers either do not know how to access this market or lack the financial capacity (in the short term) to extend their services.

This competition seeks to address these challenges by providing a mix of Technical Assistance and Grants to up to three (3) providers over 24 months.

This competition is organised by FSD Uganda (FSDU) in collaboration with FSD Africa(FSDA). The interventions are expected to result in the pilot/scaleup of financial services in refugee settlements and/or host communities of the applicant institution’s choice within Uganda.

Grantees will receive the following support:

1. Business case and product refinement, through consultant-led Technical Assistance
2. Go-to-market strategy development, through consultant-led Technical Assistance
3. Grants to support go-to-market activities for pilot/scaleup of financial services in refugee settlements and host communities.

Applicants may request for one or more of the above and should clearly state the required support in the online application form. The maximum grant per institution will be GBP 250,000 on a co-funded basis.

Apply for the competition by filling in the online form found at https://goo.gl/forms/FDrYuUfKuB5clDqB2 . The deadline for applications is 1800hrs (East Africa) on Monday 26^th November 2018.