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From second fund, ADAP Capital aims to cut small checks quickly

ImpactAlpha, May 28 – Early-stage impact investor ADAP Capital is offering something many fund managers aren’t: small-ticket checks for emerging-market entrepreneurs. The investment and advisory firm reached a second close for its second fund to make investments of $75,000 in up to 10 companies focused on alleviating poverty in low-income markets. “We’re investing at a

Fintech lenders expand access to COVID relief funds for small businesses

The biggest impediment to access is that PPP loans are primarily flowing through big banks and established SBA lenders. That doesn’t reflect the evolving small business capital market. Less than half of small firms obtained funds from a bank in the last five years, according to a Fed survey earlier this year.