From a solution to repurpose cold plasma to treat seeds to 3D
printed living seawalls, the eighth annual awards honor new and
inspiring solutions to the most daunting challenges of today.
SAN
FRANCISCO, May 14, 2024 /PRNewswire-PRWeb/ -- The
winners of Fast Company's 2024 World Changing Ideas Awards were
announced today, highlighting fresh sustainability initiatives,
cutting-edge AI developments, ambitious pursuits of social equity,
and other creative projects that are helping mold the world.
"The PayJoy card is opening the door to
fair credit to these individuals for the first time in their lives,
helping them kick off their credit journey and successfully climb
the ladder to financial success."
PayJoy, the leading lender to the underserved in emerging
markets, has been named a Finalist in the Finance category for its
new PayJoy Card redefining how fair lending is done for the
underbanked. Since its founding in 2015, PayJoy has been helping
the underserved escape poverty and gain economic freedom by turning
smartphones into collateral for lending, allowing them to build
credit. Now, with the PayJoy Card, PayJoy provides even more value
by bringing them further along their credit journey.
By fixing the total amount customers have to pay upfront, the
PayJoy Card is redefining how fair lending is done for the
underbanked. With no late fees, no hidden costs or surprises, the
PayJoy Card guides borrowers away from traditional alternatives and
debt traps. Accessible through a secure app, the Card empowers
users to access funds which they can use to pay for everyday
essentials – from groceries to household expenses, transportation,
and more. Its user-friendly interface has gained massive attraction
and growth.
This year's World Changing Ideas Awards showcase 50 winners, 127
finalists, and 172 honorable mentions—with health, education,
energy, and AI among the most popular categories. A panel of Fast
Company editors and reporters selected winners from a pool of more
than 1,300 entries across climate, social justice, wellness,
politics, technology, corporate social responsibility, and more.
Several new categories were added this year, including beauty and
fashion, health products, health services, materials, and science
and technology. The 2024 awards feature entries from across the
globe, including the Republic of Korea, Brazil, and Madagascar.
Fast Company's Spring 2024 issue (on newsstands May 21, 2024) will unveil some of the world's
most creative minds and pioneering organizations that are seeking
to disrupt the status quo. The solutions cover everything from
renewable energy storage and waste in the fashion industry to a
building made entirely from recycled concrete and a fridge that's
solar-powered and designed to run off the grid.
"PayJoy is redefining how fair lending is done for the
underbanked and it's an honor to be recognized by Fast Company for
our work," said Doug Ricket, Founder
and CEO of PayJoy. "A credit card may sound basic to those of us
from a financially privileged background – my parents gave me a
card to get gas when I started driving as a teenager – but PayJoy's
customers have been excluded from the modern financial system their
whole lives. The PayJoy card is opening the door to fair credit to
these individuals for the first time in their lives, helping them
kick off their credit journey and successfully climb the ladder to
financial success."
"I was struck this year by the global sweep of the honorees,"
says Fast Company editor-in-chief Brendan
Vaughan. "It's endlessly inspiring to see how the world is
coming together to devise inventive solutions to our most
challenging problems. We need ideas from everywhere, and this
year's World Changing Ideas Awards are an extraordinary
encapsulation of the innovation and creativity that is so abundant
around the globe."
About PayJoy
PayJoy is a Public Benefit Corporation that provides a fair and
responsible entry point for individuals in emerging markets to
access the modern financial system, build credit, achieve economic
freedom, and access digital connectivity. Founded in 2015, PayJoy
has provided credit to more than 10 million customers across
Mexico, Brazil, South
Africa, Ecuador,
Peru, Panama, Colombia, and the
Philippines. PayJoy runs profitably and employs over 1,000
people worldwide. For more information, visit
https://www.payjoy.com/.
ABOUT THE WORLD CHANGING IDEAS AWARDS: World Changing Ideas is
one of Fast Company's major annual awards programs and is focused
on social good, seeking to elevate finished products and bold
concepts that make the world better. Judges choose winners,
finalists, and honorable mentions based on feasibility and the
potential for impact. With the goals of awarding ingenuity and
fostering innovation, Fast Company draws attention to ideas with
great potential and helps them expand their reach to inspire more
people to work on solving the problems that affect us all.
ABOUT FAST COMPANY
Fast Company is the only media brand fully dedicated to the vital
intersection of business, innovation, and design, engaging the most
influential leaders, companies, and thinkers on the future of
business. Headquartered in New York
City, Fast Company is published by Mansueto Ventures LLC,
along with our sister publication Inc., and can be found online at
http://www.fastcompany.com.
Media Contact
Tisha Ferraro, PayJoy,
9255881610, payjoy@thekeypr.com
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SOURCE PayJoy