Finance Forward Latin America 2020
About the program
Village Capital, in global collaboration with MetLife Foundation and PayPal, launched Finance Forward, a multi-year global coalition supporting entrepreneurs on four continents who are building tech-enabled solutions to place-based challenges in financial health, economic mobility, and community resilience. As part of Finance Forward, we will launch an investment readiness program in Latin America in 2020 with the regional collaboration of Moody’s Corporation.
Finance Forward Latin America 2020 will support selected startups through tailored engagements with financial institutions, corporates, investors, and experts in fintech/financial health in Santiago (Chile), São Paulo (Brazil), and Mexico City (Mexico). Startups will also engage in a rigorous feedback and evaluation process with a cohort of startups. At the end of the program, the top two startups selected from their peers will each receive a MetLife Foundation Social Entrepreneurship Grant of USD $50,000.
Village Capital’s investment readiness program has been ranked by others, such as the Global Accelerator Learning Initiative, as one of the best accelerator programs in the world. Finovate also named us the best Fintech Accelerator/Incubator in 2019.
Apply before 23:59 CST
July 29 to August 1, 2020
August 26-29, 2020
São Paulo, Brazil
September 29 - October 2, 2020
Mexico City, Mexico
Please note that Village Capital is carefully monitoring the current global health situation and will modify the timings or format of the workshops if needed. At this time, we encourage all interested companies to complete their application regardless of the potential for future travel restrictions.
Types of startups we are recruiting
We are looking for startups addressing financial health challenges for low-to-moderate income communities and/or micro/small businesses. We are excited to work with startups addressing additional financial health challenges.
Overall factors we consider
Focus on inequities: Solutions supporting communities facing financial health inequities based on age, gender, geographic location or income level
Focus on people, family or micro/small businesses: Solutions addressing financial health challenges either for individuals, families and/or micro and small businesses employing communities facing financial health inequities
Focus on economic opportunity: Solutions that measurably improve the income and/or wealth level of individuals and families.
Focus on agency: Solutions that empower users with agency over their financial decisions
Cultural and behavioral sensitivity: Solutions that use a creative, cultural, and behavioral lens
Eligible startups must have
Legal incorporation as a for-profit entity
Market-based solution that tackles a financial health challenge for low-to-moderate income communities in Latin America
Operations in Mexico, Chile, Brazil, Colombia, Argentina or Peru
Have a minimum viable product (MVP), and raised less than $1M in equity
Have at least one full-time founder based in Mexico, Chile, Brazil, Colombia, Argentina and/or Peru
Have meaningful customer or business validation (not limited to revenue, it can also be successful pilot studies, number of users, and/or strategic partnerships)
Benefits for startups
Benefits startups will receive
Top two (2) peer selected startups will receive USD $50,000 in grant capital from MetLife Foundation
Ability to network and receive mentorship from potential strategic partners, customers, and founders
Ability to network and receive mentorship from prominent Latin American and U.S. investors
Diverse and inclusive network of mentors and founders within financial health and Fintech
Startups will receive a stipend for one (1) founder/C-suite member to travel to selected emerging fintech cities in different countries for workshops
Twelve (12) days of interactive workshops tailored to help their company identify early milestones and prepare them for their next round of capital (if relevant)
Access to an investment analyst who will coach them 1:1 on building a financial model, identifying unit economics, and on using financial metrics to drive both their business and investor diligence
Participate in mock board meetings with representatives from financial institutions, corporates, fintechs, and investors that can help their organization scale
Exposure on Village Capital’s program website and other communications collateral
Common FAQs we receive from startups
What is the main goal of the program? The program is designed to help startups identify early milestones and prepare for your next round of capital (if relevant). In short, through virtual and in-person workshops, we deliver a targeted, award-winning curriculum and provide countless connections to prepare startups for growth.
Do you require us to move to the cities of the program? No. We require one (1) founder/C-suite member to travel to the cities where the workshops will be held, only for the length of each workshop. We also require that the same founder/C-suite member participate in all activities of each workshop. Additional team members are welcomed to join the workshops. Startups will receive a stipend for one (1) founder/C-suite member to travel to the workshops.
Do you take equity for participating in the program? No. Village Capital is structured as a non-profit and cannot take equity. If financial considerations prevent you from participating, please discuss this with us on a case-by-case basis.
Please reach out to firstname.lastname@example.org to learn more.