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The DataHack4FI is an annual innovation competition that promotes evidence-based decision-making for improved financial service provision to low-income individuals. The competition is targeting established fintech’s and pairs them with expert data scientists to unlock the potential of the fintech’s internal data. Fintech’s accepted to the competition receive specialised support from their paired expert data scientist to address business and data challenges they are currently facing in efficiently serving underserved customers.
Season 1 focused on supporting entrepreneurs in brainstorming and developing new solutions for expanding access to financial services in the low-income space and ran from October 2016 to May 2017. The initiative took place in seven countries (Ghana, Kenya, Mozambique, Rwanda, Senegal, Uganda and Zambia) and involved over 200 participants, from 58 different teams.