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A global challenge to recognize the most potential and innovating startups and scaleups in the field of financial inclusion
The purpose of Banco Santander is to help people and business prosper and one of its objectives is to guarantee good access to banking products and services for all members of society. Financial inclusion is essential for reducing inequality and creating new opportunities.
Financial inclusion is key to reducing inequality and creating new opportunities. We need to think about how not to leave anyone behind.
That is why Banco Santander with Oxentia Foundation we are launching the Santander X Global Challenge I Finance for All. A new global competition for startups and scaleups with innovative and scalable solutions that adapt to demographic changes and create a lasting social and economic impact for millions of people worldwide.
Startups and scaleups from the countries where Banco Santander operates, with solutions that contribute to financial inclusion for the entire population.
Startup category: that is legally incorporated, is currently marketing a product and/or service, and annual revenues do not exceed two hundred and fifty thousand euros (<€250,000).
Scaleup category: that is currently marketing a product and/or service with annual sales above two hundred and fifty thousand euros (>€250,000).
Innovation component: that presents an innovation in its product, process or service and it is scalable.
for the development of the top 6 winning solutions
* 3 startups winners: 10.000 euros each.
* 3 scaleups winners: 30.000 euros each.
Become a member of the new elite community launched by Santander X "SX100", which includes access to mentors, potential clients, talent and capital, among other advantages.
Mentors for the finalists
Oxentia Foundation will offer mentoring to the 20 finalists by its network of experts to prepare their pitch.
For the 6 winning startups and scaleups on Banco Santander official channels.
Registration open until November 16th, 2021
Selection made by international professional experts in the evaluation of entrepreneurial Solutions.
Selection made by experts from Oxentia Foundation, Grupo Santander, MIT D-Lab/GED and SX100, to make a thorough validation.
The 20 finalists present their solutions to a jury of international leaders in finance, entrepreneurship, innovetion and investment.
Banco Santander and it’s commitment with financial inclusion
Banco Santander has been awarded by Euromoney as the ‘Best Bank in the world in Financial Inclusion’ in their “Global Awards for Excellence 2021” in a new effort made by the Group to achieve more accessibility to financial services.
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