Australian Entrepreneurs Compete in Final Round of Inclusion Plus Competition sponsored by MetLife Foundation
Australian Entrepreneurs Compete for 130,000 AUD in Competition Powered by Verb
Sydney July 25, 2018
Frollo, Good Shepherd Financial Inclusion Action Program, Hip Money, Money Place, and Roll It Super have been selected as finalists in the Australian round of Inclusion Plus, an international competition for entrepreneurs, non-profits, and social impact organisations focused on addressing the financial health needs of low to moderate income Australians.
These finalists will pitch their solutions to VIP judges, compete for a total of AUD $130,000 in grant funding from MetLife Foundation to scale their solution and pitch to media outlets at a gala dinner in Sydney on 16 August 2018. The competition pairs MetLife employees with entrepreneurs, nonprofits and other social impact organizations, and has helped advance financial health in many countries throughout Europe, Asia and the Middle East. To learn more about the competition, visit aus.inclusionplus.com.
"The Inclusion Plus competition has enabled us to identify some remarkable and innovative ventures working to improve financial wellbeing for Australians at risk of being left behind," said Vince Watt, Acting Chief Executive Officer of MetLife Australia. "The finalists have the potential to make significant improvements to the lives of many Australians, and we're very pleased to be helping these ventures work towards scaling their businesses and achieving their goals."
50 Australian organisations submitted innovative products, programs, and services designed to increase financial health for low income individuals and families. MetLife Australia employees judges entries and mentored participants, giving hundreds of hours to help advancing organizations refine their business pitches and competition entries.
ABOUT THE FINALISTS
Frollo has developed a financial engagement platform and mobile apps that are designed to help Australians to improve their financial wellbeing. Frollo helps consumers see where their money is going, engage them to form new money habits and encourage them with inspiration from the Frollo community.
Good Shepherd Microfinance's Financial Inclusion Action Program is a globally-unique program that leverages organisations across multiple sectors to commit to practical actions to address financial inclusion. To date, 30 organisations have committed to over 580 actions, with a 72% completion rate.
Hip Money is a Brisbane-based fintech company that creates software to improve the financial health and wellness of Australians. Hip Money helps users understand the long-term impact of savings and allows them to take action with a simple swipe right on their phones.
MoneyPlace is an innovative personal lender designed to give borrowers better and fairer deals, using risk-based pricing to provide personalised interest rates. MoneyPlace aims to help all Australians improve their financial literacy and get out of debt quickly.
Roll It Super has re-imagined superannuation. Their mission is to help great employers to financially empower employees. By combining financial wellness, rewards and super, Roll It Super's goal is to increase employee savings by $1 billion within 3 years.
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MetLife Insurance Limited (MetLife), an affiliate of MetLife, Inc., is a specialist provider of life insurance to affinity partners, superannuation trustees and employers in Australia. MetLife has expertise in designing and executing direct insurance programs for partners’ customers and insurance solutions to meet the needs of specific member groups. MetLife has been a specialist provider of life risk insurance products in Australia since 2005. For more information, visit www.metlife.com.au.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.