Kiva Founder Turns Marc Andreessen’s Head Toward Africa

The new new thing in Silicon Valley? Global development. The latest data point: Venture capital powerhouse Andreessen-Horowitz’s investment in Branch, its first in a U.S.-based company targeting the Africa market. Branch has closed a $9.2 million series A round that also includes earlier investors Formation 8 and the Khosla Impact Fund. Andreessen-Horowitz is betting on Matt

Kiva Founder Turns Marc Andreessen’s Head Toward Africa

The new new thing in Silicon Valley? Global development. The latest data point: Venture capital powerhouse Andreessen-Horowitz’s investment in Branch, its first in a U.S.-based company targeting the Africa market. Branch has closed a $9.2 million series A round that also includes earlier investors Formation 8 and the Khosla Impact Fund. Andreessen-Horowitz is betting on Matt Flannery,

Bringing Lenders Together for Better Results for America’s Urban Poor

Commercial lenders don’t exactly flock to opportunities to offer low-cost loans, lines of credit and equity investments for small businesses and social services for low-income residents in U.S. cities. So a new fund is sweetening the pot to increase the flow of capital for such investments across the country. Living Cities, a collaboration of nearly two dozen

Bringing Lenders Together for Better Results for America’s Urban Poor

Commercial lenders don’t exactly flock to opportunities to offer low-cost loans, lines of credit and equity investments for small businesses and social services for low-income residents in U.S. cities. So a new fund is sweetening the pot to increase the flow of capital for such investments across the country. Living Cities, a collaboration of nearly

Using Cell Phone Data to Establish Credit Scores in Latin America

First-time borrowers face a classic chicken or the egg dilemma: a borrower needs a good credit score to get a loan but needs a track record of repaying loans to establish a good credit score. Increasingly though, another, more ubiquitous measure of creditworthiness is all consumers will need: their cell phone data. In Latin America, for

PayPal Enlists Village Capital to Bring ‘New Money’ to the Global Unbanked

Dan Schulman, the CEO of PayPal, is on a mission to extend digital payments to the 2.5 billion unbanked people around the world. He is enlisting Village Capital, the scrappy business accelerator and venture capital firm, to help find local companies that can help. PayPal and Village Capital will support roughly 40 financial technology entrepreneurs who

PayPal Enlists Village Capital to Bring ‘New Money’ to the Global Unbanked

Dan Schulman, the CEO of PayPal, is on a mission to extend digital payments to the 2.5 billion unbanked people around the world. He is enlisting Village Capital, the scrappy business accelerator and venture capital firm, to help find local companies that can help. PayPal and Village Capital will support roughly 40 financial technology entrepreneurs who are using technology