Application Due Date: May 30 th 2019

The Bank of Sierra Leone in collaboration with the United Nations Capital Advancement Fund and IBSA Fund are releasing the Sierra Leone FinTech Difficulty 2019-2020, under the style of “Domestic resource mobilization”, to more assistance the monetary addition of the middle and low-income population.

The Sierra Leone FinTech Difficulty 2019-2020, has the total objective of enhancing Sierra Leone’s domestic resource mobilization and the financial wellness of Sierra Leoneans residing in rural and underserved locations. It intends to harness the growing digital economy in order to establish and evaluate ingenious options as a method to leapfrog access to fund, and as a result develop out federal government and economic sector platforms to operationalize the advantages of the digital economy.

It will evaluate and develop company designs for.
digital facilities to move from casual money– based deals to.
digital monetary services that can set in motion domestic resources and.
address the hidden requirements around health, education, farming and assistance.
conserve and prepare for the future.

The focus will be across the country, with focus on backwoods, smallholder farmers, ladies groups and youth.

Bank of Sierra Leone will offer 2 finalists access to the.
Regulative Sandbox– a safe area for uncontrolled monetary sector.
developments to grow under the assistance of the Bank of Sierra Leone personnel.
and other experts.


To be thought about for the assistance,.
organizations need to meet the following minimum requirements:

  1. Must.
    be running in Sierra Leone or have a partner who is running in Sierra Leone.
    International or local entities not based in Sierra Leone might use supplied.
    that their work straight benefits a recognized Sierra Leonean partner.
  2. Must.
    be organizations with experience in supplying or supporting some element of.
    mobile monetary services, consisting of:.
    banks, other banks, mobile network operators and.
  3. The.
    item, service or service should be executed in Sierra Leone;
  4. The.
    item, service or service can have a monetary nature, however an assistance service.
    to a monetary provider will likewise be allowed;
  5. The.
    item, service or service should be network operator agnostic;
  6. For.
    Sierra Leone-based companies: The lead candidate should have a signed up.
    company in Sierra Leone with a minimum of 15% ownership by a resident of Sierra.
    Leone; For non-Sierra Leonean Fintechs from development centers, this requirement.
    does not use at the start of the competitors;
  7. The.
    lead candidate should have a sound track record of efficiency of a minimum of one.
    year; and
  8. The.
    lead candidate should be a for-profit entity or belong to a chain of for-profit.

To Learn More:

See the Authorities Web Page of the Sierra Leone FinTech Difficulty 2019-2020 for Financial Addition

Technology Used by Successwful Businesses