Get My Parking has raised $1.1 million to ease traffic in India. Get My Parking, based in New Delhi, works with governments and companies to digitize parking spaces and then connects drivers to open spots, easing traffic caused by cars circling for parking. The year-and-a-half old startup raised more than a million dollars from Indian Angel Network,
New Zealand has overcome obstacles to launch its first social impact bond. The $1.5 million bond is looking to get 1,700 Kiwis with mental health conditions into paid jobs. Bureaucracy and delays nearly killed the effort last year, but a new service provider, APM Workcare, has taken over the program. Success will be measured by the number of
The 1,700 businesses that have been through Entrepreneurial Spark’s free programs at a dozen hubs in England, Scotland, Northern Ireland and Wales have attracted £151 million ($188 million) in additional investment and created 3,152 new jobs, according to the firm’s annual impact report. NatWest, KPMG Enterprise, Dell Technologies and Pinsent Masons support Entrepreneurial Spark to help
Impact Investing Australia and Philanthropy Australia will provide nonprofits with up to $50,000 each to help them transition to self-sustaining models and become less dependent on government or philanthropic grants. Impact investing is “potentially 20 times what is available in grants,” said Chris Wooten of Philanthropy Australia. The National Australia Bank contributed half of the
Gearing up for a big push into India’s senior health and nutrition market, Nestle plans to roll out nutrition-fortification and preventive-health products by mid-year. Nearly two-thirds of India’s 1.2 billion citizens under the age of 35, but as the country ages, the bill for treating non-communicable diseases like diabetes and heart disease could rise to
The Kenya Bankers Association is trying to catch up to M-Pesa’s runaway success with its own mobile money service, PesaLink. The consortium of big name banks participating may give the brand some clout, but M-Pesa could be a tough to dislodge. Launched in 2007 by Safaricom, Kenya’s biggest telecom, M-Pesa has over 25 million users
Omidyar Network and HERi Africa are backing Dutch-based LandMapp to help smallholder farmers secure deeds to their lands. Many of the more than 500 million smallholder farmers worldwide do not have documentation of their land ownership. That makes it nearly impossible for them to get loans to invest in their farms to boost productivity and income growth.