Call for Proposals: AI for Financial Resilience

Mercy Corp Venture’s AI for Financial Resilience initiative leverages AI, blockchain, and emerging technologies to close financial service gaps for unbanked, underbanked, and climate-vulnerable populations in emerging markets, primarily in sub-Saharan Africa, Latin America and Asia. The initiative pilots and scales solutions such as AI-driven insurance, parametric credit, savings via bond tokenization, and anticipatory cash transfers and remittances, aiming to improve financial access, economic resilience, and trust in digital finance.

Program Details

The program is looking for innovative financial products for unbanked and underbanked people in emerging markets. This can range from using AI to drive financial literacy through education and training to increasing access to insurance, savings, credit, and emergency payments using AI- and blockchain-powered digital financial products. 

• Primary beneficiaries: Unbanked and underbanked populations, with a strong emphasis on low-income individuals, women, immigrants, and micro, small, and medium enterprises (MSMEs). 
• Geographic focus: Emerging markets, with a focus on Sub-Saharan Africa, Latin America and the Caribbean.