Financial Inclusion
Dealflow | November 3, 2020
Chingona Ventures backs SUMA Wealth to help U.S. Latinos build wealth
ImpactAlpha, November 3 – Beatríz Acevedo built mitú, a media and entertainment company for young Latinos. Now, she has adapted the engagement tools …
Creative Economy | November 3, 2020
Equity crowdfunding grows up with new $5 million limit on ‘Reg CF’ offerings
ImpactAlpha, Nov. 3 – Businesses from microbreweries to football clubs to electric vehicle makers and ‘mom & pop’ shops have made use of …
Dealflow | October 29, 2020
New and under-represented fund managers get a $50 million boost from Paypal
ImpactAlpha, Oct. 28 – The online payments company is injecting $50 million into eight early-stage venture funds run by Black and Latino managers to …
Financial Inclusion | October 22, 2020
Investments in financial inclusion and agriculture deliver impact
ImpactAlpha, Oct. 22 – ImpactAlpha has covered hundreds of investments aiming to drive access to finance and more sustainable agriculture. Two reports from …
Africa | October 15, 2020
Evolve Credit raises early funding to help Nigerians navigate fintech options
ImpactAlpha, October 15 – Africa pioneered mobile money more than a decade ago. Since then, digital lending and insurance products have extended access …
Michael “Killer Mike” Render, Ambassador Andrew J. Young and Ryan Glover are founders of Greenwood, the first digital banking platform for Black and Latinx people and business owners. Greenwood features best-in-class online banking services and innovative ways of giving back to Black and Latinx causes and businesses.
Dealflow | October 12, 2020
Greenwood raises $3 million for a digital bank for Black and Latinx customers
ImpactAlpha, Oct. 12 – ‘Neobank’ Greenwood, founded by former Atlanta mayor Andrew Young, rapper Michael ‘Killer Mike’ Render, and Bounce TV’s Ryan Glover, …
Africa | September 9, 2020
BIMA raises $30 million to offer low-cost microinsurance
ImpactAlpha, September 9 – Stockholm-based BIMA provides mobile health, life and accident microinsurance to first-time customers. It has issued more than 35 million …
Asia | September 3, 2020
LeapFrog backs $54 million round for affordable insurer PasarPolis
ImpactAlpha, September 3 – Indonesian insurance tech company PasarPolis partners with large insurance firms to develop health, vehicle and life insurance products for …
Africa | August 20, 2020
Remittance fintechs meet the COVID moment
ImpactAlpha, August 20 – U.N. Deputy Secretary-General Amina Mohammed summed up COVID-19 like this: “We are facing a human crisis unlike any we …
Dealflow | August 18, 2020
Fig Tech clinches $23 million to expand nonprofits’ lending capacity
ImpactAlpha, August 18 – Fintech startup Fig launched in 2015 to help nonprofit organizations combat predatory payday loans for low-income Americans, and has …
Dealflow | July 30, 2020
Generation backs Guideline’s 401(k) plans for small businesses
ImpactAlpha, July 30 – Guideline launched five years ago to develop low-cost, subscription-based retirement plans for small businesses and their employees. The company …
Dealflow | July 29, 2020
Community Investment Management raises $10 million for COVID lending in Colorado
ImpactAlpha, July 29 – As the U.S. Congress debates another stimulus package, an initiative in Colorado is going beyond government to sow seeds …
Africa | July 21, 2020
E-commerce startup TradeDepot adds financial services for small shops
ImpactAlpha, July 21 – Lagos-based TradeDepot launched in 2016 with a mobile app and Whatsapp service that helps the mostly women owners of …
Asia | July 9, 2020
Proximity Finance secures $14 million for loans to Myanmar’s farmers
ImpactAlpha, June 9 – Nearly 40% of Myanmar’s rural population lives in poverty. Proximity Finance, the microfinance arm of agriculture services provider Proximity …
Dealflow | June 25, 2020
Catalyst Fund announces new inclusive fintech cohort
ImpactAlpha, June 25 – Catalyst Fund, the global inclusive fintech accelerator, announced its seventh cohort. The six startups will each receive £80,000 in …