- Aimed at: Startups/Scaleups
- Located in:
- Argentina
- Brazil
- Chile
- Germany
- Spain
- Read more
Requirements
Startups/Scaleups must show solutions that meet at least one of these three objectives:
Finance for Youth
In some regions of the world, the 15-24-year-old segment of the population is at a point of rapid growth as a workforce, which translates into a great opportunity to accelerate their economic growth: ensuring healthy lives, promoting education and lifelong learning, creating jobs, improving social safety and reducing inequality.
Finance for Elderly
People over 65 are the fastest-growing segment of the world's population. Their role in society and the economy must also become more relevant, but to do so, their inclusion in the digital economy needs reinforcement. We must adapt education, healthcare, and social protection systems to provide a social safety net for this growing age group and include them in the digital economy.
Finance for Unbanked
The access and use of financial products raise great challenges in the face of the thousands of people who are outside the financial system.
- Be legally incorporated in one of the following countries: Argentina, Brazil, Chile, Germany, Mexico, Poland, Portugal, Spain, Uruguay, USA and the UK.
- Startup Category: that is currently marketing a product and/or service that does not exceed annual sales revenue of two hundred and fifty thousand euros (<€ 250,000).
- Scaleup Category: that is currently marketing a product and/or service with annual sales income over two hundred and fifty thousand euros (>€ 250,000).
- An innovative solution with the capability to scale (incremental, breakthrough, or transformational).
General information
Helping people and businesses prosper is at the heart of Banco Santander’s mission, which includes ensuring access to banking products and services to all members of our society.
Financial inclusion is key to reducing inequality and creating new opportunities; we need to think about how not to leave anyone behind. The online world is here to stay and its changing behaviors, needs, and will require us to evolve; and as an essential part of any digital solution, user-centricity requires cutting-edge technological innovation.
That is why 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 long-lasting social and economic impact for millions of people worldwide.
One Challenge, three main issues
Projects must show solutions that meet at least one of these three objectives:
Finance for Youth
How can you help improve and simplify the customer experience increasing trustworthiness to attract and retain younger clients?
How can your solution improve product offering and widen financial opportunities to better serve the younger customers, help them access education, and prosper?
Finance for Elderly
How can your solution help provide products enabling the elderly to easily manage their finances and their everyday lives?
How can you help increase digital banking adoption by the elderly through a smoother, more transparent, and personalized experience?
Finance for Unbanked
How can you help bring financial products to the unbanked population and increase the rate of adoption?
How can your solution help unlock finance for the unbanked by enabling them to build a credit history and enter the formal financial system?
Reward
- 3 winning Startups: €10,000
- 3 winning Scaleups: €30,000
- An invitation to join the SX100, the new elite entrepreneurship community launched by SantanderX, for access to training, talent, potential clients, capital, and networking opportunities.
- Pre-pitch mentorship for the finalists, by top Oxentia Foundation global community experts.
- Global visibility and promotion.
Call guidelines
Collaborators
Call stages
Contact to make enquiries about this call
To resolve queries about this call, you can contact the manager of the call by writing to:
Sx.challenge@oxentia.com
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