DIGI Nepal Fintech Challenge funded by SDC launched

KATHMANDU: DIGI Nepal Fintech Challenge, a programme funded by the Swiss Agency for Development and Cooperation (SDC), and implemented by True North Associates (TNA), has been launched to promote digital innovation within Nepal's fintech sector.

The programme invites applications from digital technology providers and innovators developing solutions to enhance Nepal's fintech landscape.

The application form is available on the website and is open until August 31, 2024.

Five applicants will be selected to join the programme's accelerator, which offers funded technical assistance to help participants refine their business models and products. The accelerator also offers hands-on business model and product refinement workshops, mentorship, networking opportunities with investors and industry stakeholders, and potential access to Swiss experts.

Upon completion of the acceleration programme, one digital tech company will be selected to pilot their innovation in the market. The selected participant will potentially receive a co-funding grant from SDC to support their go-to-market plan.

The DIGI Nepal Fintech Challenge is part of the 'Digital Innovation for Growth and Inclusion in Nepal (DIGI Nepal)' project funded by SDC.

True North Associates is a leading Nepali private equity and venture capital firm with 14 investments and six successful exits. TNA has expertise and a track record in advisory and consulting through supportive shepherding of businesses.