Corrigendum: Accelerating Fintech Growth through Pesatech Cohort 3 Tender, India - 117092215

Procurement Summary

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Summary : Corrigendum: Accelerating Fintech Growth through Pesatech Cohort 3

Deadline : 10 Apr 2025

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Notice Type : Tender

TOT Ref.No.: 117092215

Document Ref. No. : UNCDF-00241,1

Competition : ICB

Financier : United Nations Capital Development Fund (UNCDF)

Purchaser Ownership : Public

Document Fees : Refer Document

Tender Value : Refer Document

EMD : Refer Document

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Introduction UNCDF mobilizes and catalyzes an increase in capital flows for SDG impactful investments to Member States, especially Least Developed Countries, contributing to sustainable economic growth and equitable prosperity.In partnership with UN entities and development partners, UNCDF deliversscalable, blended finance solutions to drive systemic change, pave the way for commercial finance, and contribute to the SDGs. We support market development by enabling entities to access finance in high-risk environments by deploying financial instruments, mechanisms and advisory.The fintech ecosystemin Tanzania has developed rapidly in the last 10 years. UNCDF conducted a fintech start-up landscape study in 2020/2021. The study indicated that investment opportunities for fintech start-ups remain limited, restricting their ability to scale. The support ecosystem is fragmented, making it difficultfor entrepreneurs to access structured business development services, mentorship, and investor networks. Many fintechs also struggle with regulatory and compliance barriers, particularly in establishing formal partnerships with financial institutions and mobile network operators. Additionally, lowlevels of digital financial literacy hinder consumer adoption and limit the market reach of fintech solutions. To bridge these market gaps, UNCDF launched the first and second cohorts of the Pesatech Accelerator to support post-revenue fintech start-ups in Tanzania. The accelerator aims toMore ...
Publish Date: 19-Mar-2025
UN Orgnization: UNITED NATIONS CAPITAL DEVELOPMENT FUND (UNCDF)
Type of Notice: Request for proposal

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