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25 March 2022

10 Fintech and Regtech innovators selected for the 2022 AFI Inclusive Fintech Showcase

AFI is pleased to announce the 10 FinTech and RegTech innovators that have been selected as finalists in the AFI Inclusive FinTech Showcase 2022. Selected from among a high number of applications, finalists represent the world’s most promising digital solutions that are enhancing access to and the usage and quality of formal financial services for low-income populations in developing countries and emerging markets.

The AFI Inclusive FinTech Showcase is an initiative under the 2018 Sochi Accord whereby AFI’s membership committed to “create and participate in platforms for systematic dialogue and partnership among regulators and policymakers with FinTech companies and technology providers”.

Finalists will deliver a technical presentation of their innovations within a global audience of AFI member institutions, fintech experts and relevant stakeholders in virtual sessions across 12-13 April. A panel of judges and individuals from AFI member institutions will select the winner, second and third place.

The winner, second and third placed finalists:

  • Will be invited to participate in AFI’s Public-Private Dialogue platform during one year
  • Will receive a complementary one-year membership at the Luxembourg House of Financial Technology (LHoFT), which provides practical training, education and research services for the FinTech community.
  • Will be invited to participate in the 2022 AFI Global Policy Forum (GPF) in Jordan


The selected 10 finalists are the following (listed in alphabetical order):


Alif, founded in 2014 by Abdullo Kurbanov, Zuhursho Rahmatulloev, and Firdavs Mirzoev, over the past seven years it has developed into one of the leading fintech companies in Central Asia. Alif offers its clients an ecosystem of technological and financial solutions: the most widely used finance app in Tajikistan (alif mobi), the popular “buy now — pay later” payment system, the largest online retail platform (alif shop) and a cheap, fast and safe remittance system.


Emata combines next-gen tech, machine learning and a partnership model to create the future of farmer financing. Banks do not lend to farmers and farmers tend to borrow from informal moneylenders at exorbitant rates. Emata solves this $240bn problem by providing affordable digital loans. They cut costs, reduce risk and increase reach by digitizing the entire process from data collection and credit scoring to loan disbursement; and partner with cooperatives and aggregators to reach farmers at scale.

Fourthline Limited (Pollen)  

Fourthline Zambia is a social and financial hive for underserved and unbanked communities in Africa. Their  mission is to invest and empower underserved and unbanked communities by pioneering innovations that bring sustainable solutions to human challenges. The  new product Pollen is designed to be a USSD and blockchain ecosystem for conducting cross-telecom/border remittances, payments and savings for the unbanked and underserved communities in Africa.


Gestell is a RegTech company that makes compliance and regulatory-related activities faster, more efficient, and less costly using Artificial Intelligence; their Business Process Automation and Machine Learning solutions streamline the way Financial Institutions and Regulators obtain, store and analyze their data to better solve challenges such as money laundering, customer verification and transactions analysis.

Growth Platform

Growth Platform is Africa’s largest technology-led and human operation to reach micro, small and medium enterprises. In 5 years, they  have deployed a portfolio of $472 million across 7 programs, impacting over 4.1 million microentrepreneurs and enterprises with credit, grants, or capacity building, thereby boosting their incomes. They  also operate with a gender focus to close the gender gap in MSME financing.

IME Digital Solution Ltd

IME Digital Solution is a leading digital payment solution licensed by Nepal Rastra Bank Ltd., registered under IME Digital Solution Ltd., a subsidy of Nepal’s leading remittance and financial service conglomerate IME Group. It offers a wide range of payment services and a convenient way to transfer money from wallet to wallet, pay utility bills, receive domestic and international remittance directly into the wallet, and instantly process digital and QR-based payments.

Satis Fintech

Satis Fintech offers web and mobile applications using artificial intelligence, business intelligence and data science, which are gradually forming a unique ecosystem around consumer protection and the quality of financial services. Convinced that the confidence of consumers in current and future digital means is an essential ingredient for financial inclusion, it invests in national and regional platforms that connect both customers, commercial banks, MFIs and SACCOs, central banks, regulatory and supervisory authorities, observatories and other actors.


Uncap is a funding platform seeking to revolutionize access to early-stage funding in Africa. They  are creating a new approach to funding early-stage entrepreneurs using a remote, data-driven, and largely automated investment selection process.


The adoption of digital payments has been exponential but unfortunately the gap between the financially served and the underserved is widening. This includes the SMME businesses which form the core and backbone of every economy in the world. WIZZIT Digital with their certified Tap-on-Phone solution ensures that all merchants, sellers and service providers can accept digital payments safely, securely and cost effectively.

Yuva Pay

Yuva Pay is an India-based offline fintech start-up launched in 2016 that enables financial inclusion and digital footprint for the unbanked and unconnected people in India and globally through smartphones as well as Non-Smart phones through internet or without internet. Through the Patent-pending Technology, they are educating the last mile digitally deprived population on the advantages and benefits of the Financial Inclusion Journey And bringing them into digital footprint.

The finalists offer innovative solutions in AFI’s member countries in at least one of the following themes:

  1. Solutions contributing to effective COVID-19 crisis response or building towards the recovery of target groups.
  • Micro, small and medium enterprises
  • Youth entrepreneurs
  • Rural populations
  • Forcibly displaced persons
  • Persons with disabilities
  1. Solutions transforming digital payments
  • Digital transfers / payments
  • Cross-border payments
  1. Solutions building financial resilience
  • Adaptation and mitigation to climate change
  • Financial health
  • Digital financial literacy
  • RegTech / SupTech

As a core cross-cutting theme in AFI’s gender inclusive finance (GIF), all solutions were also assessed for their contribution to women’s financial inclusion and closing the gender gap in access to formal financial services.

For more information on this competition, please visit: Applications open for the 2022 AFI Inclusive Fintech Showcase!


Our Donors & Partners 

The 2022 AFI Inclusive FinTech Showcase is supported through AFI’s Multi-Donor Financial Inclusion Policy Implementation Facility, with participation of French Development Agency, the German Federal Ministry of Economic Cooperation and Development and the Ministry of Finance of the Grand Duchy of Luxembourg


We appreciate very much the valuable support of the LHoFT as a partner for the Inclusive FinTech Showcase.

The LHoFT as a partner for the AFI Inclusive FinTech Showcase.

© Alliance for Financial Inclusion 2009-2023