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Microloans offer a glimpse of how Syria can rebuild

“Hidden almost literally under the rubble of the civil war in Syria is an economic success story that is rarely told,” writes Pierre Krähenbühl, the head of the United Nations Relief and Works Agency, which supports more than 5 million Palestinian refugees. Even as large businesses have collapsed in Syria and elsewhere, he says, “small-scale

PayPal and Vilcap to support 40 fintech startups around the world

The online payments platform and the impact accelerator and fund manager are taking their fintech startup partnership to Africa for this first time. They’ll also run new rounds of their peer-reviewed accelerator program in Latin America, India and the U.S. to enroll 40 startups through four cohorts over the next two years (see the U.S. cohort).

Why Etsy investors should double down on the company’s purpose

The barbarians are at Etsy’s responsibly-sourced gates. After ousting CEO Chad Dickerson for slow growth at the online craft marketplace, investors are pressuring the firm to act more like a conventional, shareholder-value-only company. Not so fast, warns Ted Rheingold, who advises not just for-profit but for-large-profit-from-purpose companies. For companies like Etsy, Rheingold writes in FastCompany,

Locus launches to help foundations invest locally

Place-based foundations — philanthropies that target specific geographies — are among the longest-standing impact investors around. Local foundations from Maryland to Minnesota to Oregon are also now some of impact investing’s most enthusiastic adopters, complementing grant-making strategies with equity and debt investments to build prosperous communities. Virginia Community Capital, a community development financial institution, and the Center for Rural

Saudis pledge first $100 million for World Bank facility for women entrepreneurs

Expect to hear more about the Women’s Entrepreneurship Facility before the G-20 meeting in July, where World Bank President Jim Yong Kim wants to announce a $1 billion raise. Ivanka Trump initiated discussions with Kim about the fund, which also has the support of Germany’s Angela Merkel. That Saudi Arabia is contributing to the fund’s first

Startup activity growing across the US

A new index from the Kauffman Foundation identified Miami, Austin, Los Angeles, San Diego and Las Vegas as the top US cities for entrepreneurship in 2016. Among the 25 smallest US states, the top startup spots were Oklahoma, Wyoming, Alaska, Montana and Nevada. “We are seeing growing broad-based startup activity nationwide,” says Kauffman’s Philip Gask. The

Bunker raises $6 million for insurance marketplace for small businesses

The Omidyar Network led the Series A funding for Bunker, which offers insurance products for leases, service agreements, loan obligations and other small-business issues. The platform aims to make it easier for small businesses to protect themselves from legal and business risks as work becomes more contract-based. Bunker also makes it easier for larger companies