2018 Asia Foundation Development Fellow’s Company ftcash Wins MIT Inclusive Innovation Challenge

August 30, 2018 — The MIT Initiative on Digital Economy (IDE) named 2018 Asia Foundation Development Fellow Vaibhav Lodha‘s company ftcash the Asia Winner for Financial Inclusion in its Inclusive Innovation Challenge (IIC). The IIC is a flagship initiative that awards cash prizes each year to entrepreneurs who are using technology to reinvent the future of work and create greater prosperity for the global community. In its first two years, over 1,500 organizations have taken on the Inclusive Innovation Challenge and over 230 judges have reviewed and awarded $2 million to innovators who use technologies to improve people’s economic opportunities.

Lodha’s company, ftcash, aims to empower micro-merchants and small businesses in India through financial inclusion using digital payments and loans. Ftcash is recognized by Forbes as one of India’s fastest growing financial technology ventures and was a winner at the UK Trade and Investment Great Tech Initiative.

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