A passport to financial inclusion

The United Nations High Commissioner for Refugees (UNHCR) estimated that in 2022 there were 108.4 million people worldwide living in a state of displacement or forced exile. Of these, 35.3 million have crossed an international border to reach a safe place where they have been granted refugee status, and under this protection, they remain in the host countries.

Millions of workers are joining a new labor market, facing obstacles, to rebuild their lives and regain control over their future. Workers who have lost their financial security and have to start over: find a new job and manage their finances with new needs.

There is no guarantee that they will be able to work within the formal labor system, nor that they will be able to access traditional bank accounts because the personal documentation or residence permits they have are not always the guarantees that banks require to add them as clients and offer them their services. As a result, they are left out, losing their self-sufficiency and economic independence, as they lack another safe alternative to save, make payments, send, and receive money and thus do not fully participate in the country's economy and cannot build a stable life for themselves and their families.

Given the new landscape that new labor markets are generating, with new ways of reaching and serving potential customers, financial technology solutions have proven to be essential when it comes to reaching these new audiences and are becoming a useful tool for those who do not meet all the requirements they demand.

This is the case of Birdi, a digital platform designed to support integration, avoid social exclusion, and end the indirect discrimination that it entails, betting on being the solution to the uncertain and a passport to financial inclusion for all those who need to have a point of support to administer and manage their personal finances.