Project: Impact-Linked Fund for Gender Inclusive FinTech
State of development: Current
Stage of development: Final negotiations
Stage notes: Phased Launch: Q2 - 2022, Q3 - 2022, Q4 - 2022, Q1 - 2023, Q2 - 2023 or later
Type of instrument — Impact Bond: No; Outcomes Fund: Yes; Social Impact Incentives (SIINC): Yes; Social Impact Guarantee: No; Payment-by-results (no pre-financing): No; Technical Assistance and Market-building program: Yes; Other: Outcomes Fund, Technical Assistance and Market-building program, Social Impact Incentives.
Part of a larger outcomes-based financing program: Yes Dedicated Fund using SIINC and other Impact-Linked Finance instruments
Expected launch date: Q2 - 2022
Total expected project development time: 6-12 months
Expected length of project (years): Open-ended
Project design process began: Q1-2019
Rationale for using outcome-based finance: Correcting market failures (by providing financial incentives for achieving social outcomes) and enabling high-impact fintech enterprises to unleash their full impact potential as well as raising investment to scale
Key challenges to launch: Readiness of enterprises to enter into an Impact-Linked Finance transaction (will be addressed through TA)
Role of the domestic government — Outcomes funder: No; Service provider: No; Member of project committee: No; No formal role: Yes; Other: 
Service providers identified and selected — Request-for-proposals: No; Direct contracting by outcome funder/investor/intermediary: Yes; Provider-led deal development: No; Other: 
Feasibility study: Yes
Proposed financing instruments — Debt: Yes; Equity: Yes; Guarantee: Yes; Grant: No; Other: Other: Financial Innovations
Technical assistance grant: No — 
Estimated maximum potential outcome payment: 100000000 USD
Overall project finance notes: Each case will have a specific size. USD 100M is the estimated total fund size at 3rd closing, 1st closing in March 2022 (USD13M)
Social/developmental challenge: Many innovative fintech enterprises in developing and emerging economies do not have access to appropriate financing to scale up and create additional, gender-transformative impact. Furthermore, these enterprises face a lack of incentives to achieve greater and deeper impact for marginalized women.
Expected intervention model: High-impact fintech enterprises provide innovative, sustainable and inclusive solutions for their respective customers
Policy sectors — Employment and private sector development: Yes; Education: No; Social protection: No; Criminal justice: No; Health: No; Agriculture: No; Environment and climate change: No; Water, Sanitation and Hygiene: No; Energy: No; Humanitarian: No; Early Childhood Education: ; Other: Financial inclusion, women empowerment
Secondary SDG goals: 1,5,8,10,17
Target population: Marginalized, low-income women, including migrants.
Targeted number of unique service users or beneficiaries: Each case will have specific target populations. TBD.
Unit type of targeted beneficiaries: Individual
Country income classification of beneficiaries — Low-income: Yes; Lower-middle-income: Yes; Upper-middle-income: Yes; High-income: Yes
Beneficiary notes: This fund does not target particular countries yet, we assume that this fund could work in countries of all income levels. 
Notes: Data for this pipeline project was last updated in April 2022
Delivery location: South Asia, Sub-Saharan Africa, East Asia & Pacific