Scouting for Growth

Erlijn Sie: Reimagining financial inclusion


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In this episode of Scouting for Growth, Sabine VdL interviews Erlijn Sie, a seasoned social entrepreneur, leader, and social business advisor. Erlijn wrote a book on Reimagining Financial Inclusion, a must-read for all corporate business leaders concerned with the future of our planet. In the book, Erlijn discusses the 5 levers that shape our financial system.  Erlijn also talks about ESG, focusing on social innovation and how social innovators support companies in achieving their impact.

KEY TAKEAWAYS

  • Maybe over the last few decades, we've become a bit too focused on the monetary side of ESG, and some companies have forgotten their core relevance to society. We’re now all trying to find our way back to the societal value we originally set out to build our organizations on. What makes social innovation (a person, a solution, a product) different from big corporations' purpose is that smaller companies do it in a radically different way, taking an issue they care about, feel passionate about, and want to solve radically.
  • There’s nothing wrong with taking a good business model to support social innovation, but I do feel it should follow a solution and what fits that solution best. You don’t start your business by monetizing social innovation. You start with the issue, analyze its root causes, and consider how others can contribute to solving it.
  • Big, powerful corporations still underestimate the potential change they could bring, especially financial resilience for those who need it most. Our former financial system was built in the last century, when we didn’t have the digital technology we have now. With such technologies and the speed of their development, we can financially include many more disadvantaged individuals and people who are excluded. If big corporations (not just banks and insurers) start to see the power of newer technologies, imagine how powerful they could be in the space financially, including so many more people, we can then start to really transform the system.
  • We are currently dealing with a former financial system that basically serves half of the world’s population. That’s fundamentally wrong, we all know that financial services like being able to save your money in a safe place, getting a loan, insurance, and pensions, all these financial services allow you to live your life to your full potential. If you exclude more than half the world’s population from that system, that’s a waste of talent! We need to reform the financial system so that we include the other half. We can only do that if all companies work with us to tackle those flaws. Most of the flaws built into our former financial system stem from the technologies of the last century not allowing businesses to incorporate them affordably. Nowadays, we can include so many of them if we truly want to.
  • BEST MOMENTS

    ‘I became a social entrepreneur by accident because I felt I needed more meaning in my day-to-day life, that’s why I founded a micro-finance institution providing very small loans to the most excluded people in the world.’ 

    ‘ESG stands for Environmental, Social, and Governance. I’m mainly focused on the ‘S’, I feel that the ‘Social’ angle goes first.’

    ‘Most systemic issues are too big for one of us to solve; the solution needs to be co-created among like-minded experts or people you feel can contribute to solving the issue best.’

    ‘Entrepreneurial qualities are much more needed nowadays than they were last century. This has a lot to do with how fast change happens these days. The most important skill for all of us to learn is how to cope with change, how to be resilient, how to be able to constantly adapt to change.’

    ABOUT THE GUEST

    Erlijn is a seasoned social entrepreneur, leader, and social business advisor to both the social and business/corporate sectors. Her background is rooted in business management, and her focus is on social innovation and financial inclusion. She has supported a range of systems that have enabled social entrepreneurs, as well as impacted the corporate sector, to develop new strategies, approaches, and models to drive inclusion in society. Erlijn brings a combination of deep insights, hands-on experience, and the latest trends in social innovations, blended business models, hybrid value chains, and new ways of organizing. She is dedicated to catalyzing impact, in general and specifically in financial inclusion, by connecting innovative and inclusive solutions with the challenges corporations face.

    ABOUT THE HOST

    Sabine VanderLinden is a corporate strategist turned entrepreneur and the CEO of Alchemy Crew Ventures. She leads venture-client labs that help Fortune 500 companies adopt and scale cutting-edge technologies from global tech ventures. A builder of accelerators, investor, and co-editor of the bestseller The INSURTECH Book, Sabine is known for asking the uncomfortable questions—about AI governance, risk, and trust. On Scouting for Growth, she decodes how real growth happens—where capital, collaboration, and courage meet.

    If this episode sparked your thinking, follow Sabine VanderLinden on LinkedInTwitter, and Instagram for more insights.

    And if you’re interested in sponsoring the podcast, reach out to the team at [email protected]

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    Scouting for GrowthBy Sabine VanderLinden

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