was named North American Regional Winner of Financial Inclusion in the 3rd
annual MIT Inclusive Innovation Challenge Awards. Fig36
tops the shortlist for Financial Inclusion companies using technology to
drive economic opportunity for workers. The full ceremony is available
to watch here.
As featured in the Wall Street Journal, Huffington Post and the Boston
Globe, MIT IIC is the premiere competition for organizations using
technology to reinvent the future of work. The IIC is a global
tournament spanning five regions—North America, Latin America, Europe,
Africa and Asia. North American winners were chosen by a panel of expert
judges including Carolyn Cassin, General Partner of Michigan Womens’
Foundation, Ebony Pope of Village Capital and Mitchell Barker,
Co-Founder of Mozilla.
More than $200,000 in prizes went to the regional winners in four
categories: Job creation and Income growth, Skills development and
matching, Technology Access and Financial Inclusion. Awards were funded
with support from Google.org, the Ralph C. Wilson Foundation, software
firm ISN and ISN President and CEO Joseph Eastin.
Tech, North American winner of the Financial Inclusion category,
works with non-profits like the United Way to provide credit building
products that bridge families from income volatility to financial
“We are beyond humbled and excited to be selected as the North American
Winner in the Financial Inclusion category,” says Head of Partnerships,
Zara Mohidin. “To even be in the same category as the Financial Clinic
was an honor. I’m thrilled we will be able to shine a light on the needs
of the underbanked.”
Fig Tech, alongside the other three North America Regional Winners, will
advance to the IIC Global Grand Prize Tournament and Celebration in
Cambridge, MA in November 2018. One million dollars in prize money will
be awarded to four Global Grand Prize Winners, selected from Regional
Winners from around the world.
About Fig Tech
Originally a collaboration with the financial coaches at the United Way
of Greater Houston, Fig provides credit building products for consumers
and financial stability tools for community organizations. Started in
2015, Fig is a graduate of TechStars Seattle in 2016 and has provided
over $2.5M in loans to underserved Americans. To learn more about the
Fig36 product visit https://www.figloans.com/community-loans.
About MIT IDE
Zara Mohidin, 818-438-9020