Spice Money & Grameen Foundation set to support women SMEs

By Gloria Mathias

Spice Money, India’s rural FinTech has announced its strategic partnership with the Grameen Foundation for Social Impact (GFSI) to empower women and foster financial inclusion by accelerating the participation of women nanopreneurs across the country.

Following the partnership, Spice Money and Grameen Foundation launched a pan-India project titled ‘Scaling Agent Viability and Quality in India’ supported by the Bill and Melinda Gates Foundation (BMGF). The initiative, spanning over three years, is designed to strengthen the ecosystem and enhance the scalability, viability, gender sensitivity, and quality of the Nanoprenuer’s network.

Spice Money and Grameen Foundation India will work towards creating robust, inclusive, and continuous upskilling programs to equip women nanopreneurs with extensive knowledge of banking and financial products. This will further help in evaluating potential new-age women-centric product portfolios.

Mr. Sanjeev Kumar, Co-Founder, Executive Director, & CEO at Spice Money, said, “We are delighted to partner with Grameen Foundation for Social Impact to empower women and drive financial inclusion by providing equitable opportunities to them across the country. This partnership amplifies our unwavering commitment to providing access to employment opportunities to the unserved and underserved population. By combining our innovative approach with GFSI’s expertise, we are poised to create a gender-inclusive financial ecosystem that encourages more women to become financially independent and adeptly addresses the diverse needs of emerging India.”

Arindam Dasgupta, Director-Innovations in Digital Finance at Grameen Foundation for Social Impact, said, “With the support of the Bill and Melinda Gates Foundation, we are delighted to embark on this impactful collaboration with Spice Money. Our shared vision to drive financial inclusion and enhance women’s empowerment is at the heart of this partnership.”

This is a testament to Spice Money and Grameen Foundation India’s shared commitment to creating a more inclusive, empowering, and responsible financial landscape.