JoPACC Hosts Demo Day for Green Fintech Innovation Challenge: Empowering MSMEs Toward a Sustainable Future

In the presence of representatives from JOIN Fincubator’s three sponsoring banks: Jordan Kuwait Bank, the Housing Bank for Trade and Finance, and Jordan Islamic Bank, along with representatives from the German Agency for International Cooperation (GIZ), the Jordan Payments and Clearing Company (JoPACC) held a Demo Day for the “Green Fintech Innovation Challenge: Empowering MSMEs”. 

This challenge, which was announced last December for Jordanian Green fintech companies, was sponsored by the GIZ and aimed to find innovative green solutions for fintech companies.  The objective is to address environmental goals in broader green fintech concepts, whether developing new financing models, eco-friendly investment tools, or technologies that support sustainable growth to advancing Jordan’s financial sector toward a greener, more inclusive future. Participants will have the opportunity to compete for prizes worth up to 100,000 JOD and qualify the winning companies to work on a “Proof of Concept” (PoC) that can be implemented in both commercial and Islamic banks. 

The Demo Day included presentations by seven shortlisted companies, who showcased their business models and solutions to a judging panel comprising industry experts from the three sponsoring banks of JOIN Fincubator, who in turn evaluated and rated the proposed solutions. Consequently, 4 finalists were selected for the next phase of the challenge which is 1on1 in-depth meetings with the sponsoring banks: Leaf Now Pay Later, Golden Sand, InvoiceQ, and iPlant.
The Green Fintech Innovation Challenge consists of two stages. The first stage included a month-and-a-half registration period, during which we received over 100 applications. Seven of these applicants advanced to the second stage, where they presented their solutions during the Demo Day. The winners will implement their Proof of Concept (PoC) within 60 days of the announcement, working closely with the sponsoring banks of the JOIN Fincubator. Notably, JoPACC will cover the costs associated with the implementation of the PoC.

Strategically, through the Corporate Challenges organized by its fintech incubator; JOIN Fincubator, JoPACC aims to position Jordan as a hub for pioneering technological innovations that benefit both the Kingdom and the region.