Financial Solutions Lab zeros in on U.S. workers’ financial health

Financial Solutions Lab is targeting financial health of American workers for its fifth fintech solutions challenge

Aavishkaar backs Indian logistics tech firm GoBolt

Mumbai-based GoBolt makes software to help India’s growing on-demand logistics sector operate more efficiently

Australia social impact bond to tackle youth unemployment

Social Ventures Australia is looking to raise $5 million from private investors to expand an employment training and coaching pilot in New South Wales

EDP backs SolarWorks’ off-grid expansion in Southern Africa

ImpactAlpha, October 8 – The Madrid-based renewable energy company, EDP Renováveis, has invested €2 million ($2.3 million) for a minority stake in Dutch off-grid solar venture SolarWorks. SolarWorks provides pay as you go home solar systems in Mozambique, where only 24% of the population has access to electricity. The capital will be used to support SolarWorks’

Western New York Impact Investing Fund backs recycled insulation startup Cleanfiber

The WNY Impact Investment Fund launched last year with $8 million to invest in social enterprises in Western New York. Along with Cleanfiber, the fund has backed EcoVerde Organics and Green Machine Equipment.

Foundation investments inject $1.4 million into College Forward’s mentoring program

The funding includes program-related investments and grants from the Kresge and ECMC foundations.

Townhall Ventures secures $115 million for health access fund

So far, the firm has made eight investments, including in affordable home-care provider Landmark Health; health insurance provider Bright Health; and Strive Health, a company working with specialists, patients and data to improve treatment for kidney diseases.