Miguel Cordon · · 1 min readOn-demand work platform GoGet bags $24k in fintech challenge
GoGet, an online marketplace for errands and deliveries, has received roughly US$24,300 in grant money after winning the United Nations Capital Development Fund (UNCDF) B40 Challenge during MyFinTechWeek 2019.
Francesca Chia, co-founder and CEO of GoGet
The challenge was designed to find solutions that could drive usage of financial services among low- and middle-income groups in Malaysia (aka the B40 population) beyond access to bank accounts.
As part of a pilot project, GoGet worked with goal-based savings app Pod to integrate its services to the GoGet platform. Users can save any amount, track their progress, receive bonuses, and cash out anytime through the service. It also aims to help people earning on a job-by-job basis, who typically have limited access to traditional banking and financial products that require fixed monthly payslips.
The B40 Challenge is a collaboration between UNCDF, Bank Negara Malaysia, and Malaysia Digital Economy Corporation. It was organized by Financial Innovation Lab Malaysia and funded by Metlife Foundation.
Editing by Charmaine de Lazo
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