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
Impact investing may have gotten off on the wrong foot, with venture-capital style private equity funds that generally have to be liquidated after 10 years. This season’s new style: Permanently capitalized holding companies with long-term ownership stakes in operating companies that deliver real benefits such as food security, clean water and climate mitigation. A recent example
Kiva partnership introduces women-focused fund. A crowdfunding platform focusing on women entrepreneurs has been jointly launched by Kiva, the U.S. State Department and the Inter-American Development Bank. The fund aims to raise capital to support one million women-owned businesses in the Caribbean and Latin America over the next five years. It will leverage Kiva’s crowdfunding
This week in impact investing: mobile ad platform Jana raises $57 million to expand free internet services; Social Finance launches a South Carolina social impact bond for mothers and children; a fund in the UK offers tax relief along with an expected 8 percent return; and more! Jana raises $57 million to expand free internet service.