Mercy Corps Ventures' Crypto for Good Fund

The Crypto for Good Fund will provide grant funding and support to for-profit small and growing enterprises that innovatively apply decentralized finance (DeFi), blockchain, and crypto technology to build financial inclusion for low-income and/or un/underbanked users. Our goal is to build the body of evidence around Web3, blockchain, and crypto for good in real-world contexts.

Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – such as transactions, payments, savings, credit, and insurance – delivered in a responsible and sustainable way.

The objective of the Fund is to pilot up to ten innovative use cases, partnerships, and business models in selected geographies (see section 3), in order to improve the sustainability and scalability of blockchain-enabled solutions that make a positive impact on the 1.7 billion people who are currently unbanked. From this, the Fund will generate important evidence and insights to support the scale of these solutions to more users, and/or in other applicable contexts.