- “Our initiative aims to identify and nurture fintech start-ups to generate innovative ideas which will help make financial products and services more accessible to this critical mass of Indians,” said JP Morgan’s Kalpana Morparia
- The initiative has now backed 20 companies with $100,000 each, provided tailored technical assistance and delivered access to a dedicated network of investors.
- Ugandan startup Tugende launched in 2013 to help motorcycle taxi, or “boda,” drivers finance the purchase of a motorcycle
- The Nairobi-based startup makes solar-powered irrigation pumps and systems, which it sells on credit to small scale farmers. Its products start at $390
ENGIE’s investment in HomeBiogas fits into a growing portfolio of small-scale clean energy companies that focus on emerging markets
- San Francisco-based RaiseMe aims to incentivize high school students' academic performance and keep them on a path to college by offering micro-scholarships for good grades and developmental extracurricular activities.
- Financial tech companies like Albert, WinWin and Goalsetter are getting investor support to help Americans build savings and savings habits. Oakland-based startup Even is the latest of these to raise a round of capital.