The Cottage, Micro, Small, and Medium Enterprises (CMSMEs) sector is the largest segment of the economy in Bangladesh, accounting for 25% of our GDP and creating employment for 7.8 million people directly. Despite much support from the government and private sectors, the CMSMEs sector, especially in rural settings, faces several challenges in starting and growing their business. Limited access to finance has been one of the core impediments to the sectors’ growth. Systematic use of digital financial services (DFS) and technology solutions in underserved markets can help grow CMSME sector. This challenge fund aims to support startups and incumbents with innovative digital solutions to improve financial access for CMSMEs by addressing the challenges they typically face, especially cottage and microenterprises in a rural setup.