Company recognized for Fintech innovation to serve unbanked women in emerging markets
SAN DIEGO, July 12, 2022 /PRNewswire/ — DreamStart Labs, an award-winning provider of fintech solutions for emerging markets, is pleased to announce that it has been named “The Most Powerful Technology in Digital Banking” at the 2022 World Financial Awards. The annual awards competition, now in its tenth year, showcases leading companies in the market that have achieved revolutionary innovations in global financial services.
Judges selected DreamStart Labs from among thousands of nominees based on market-leading achievements in credit scoring, predictive analytics and behavioral science technology for unbanked women. The award also highlighted the company’s innovative new micro-equity solution for informal community banks in emerging markets.
DreamStart Labs was the only World Finance Award winner who is also a member of the Inclusive Fintech 50, which recognizes the top 50 technology startups driving financial inclusion for the 3 billion underserved people worldwide.
The company’s DreamSave app also recently won four awards at the World Changing Ideas competition, which it hosted Fast Company magazine, which took home awards in four categories, including “World’s Best Emerging Technology.”
“Our passion is to help the unbanked realize their dreams of a better life,” said Wes Wasson, CEO of DreamStart Labs. “We are honored to be recognized for this award and grateful to be part of a growing number of fintechs making world-class financial services available to people in emerging markets.”
About the DreamSave app
DreamSave is an innovative mobile app that helps people in developing countries create “digital savings groups”, which act as informal community banks. When a member needs money to expand her small business, send her children to school, or buy medicine, she asks her group for a short-term loan. As groups meet, DreamSave generates data-driven credit scores that can be used to provide micro-loans and micro-equity to qualified members. Together, these groups manage billions of dollars each year in some of the world’s fastest growing economies.
About DreamStart Labs
DreamStart Labs (www.dreamstartlabs.com) is a social impact fintech startup helping people in developing countries realize their dreams of a better life. The company offers award-winning digital banking solutions for the underserved in emerging markets, 80 percent of whom are women. It was founded by former managers of Silicon Valley, and the company’s headquarters are in California and operates in several countries Africa, Asiaand Latin America.
About the Worldwide Finance Awards
The Worldwide Finance Awards are sponsored by Acquisition International magazine, a leading monthly business publication focused on news, trends and analysis for business and finance leaders. First held in 2013, the World Financial Awards aim to honor companies and individuals who have made significant contributions to the global financial services industry.
Media contact: Wes Wasson, 619-320-8256
SOURCE DreamStart Labs