ImpactAlpha, June 16 – California-based Haus helps homeowners restructure their mortgages, rather than refinance. The company “co-invests in the home,” taking a portion of the equity, giving homeowners liquidity and helping them lower monthly mortgage payments. Owners retain the home title and can repurchase equity or sell at any time, the company says. It has
CIM has secured $10 million to help fintech lenders get small business loans flowing to underserved businesses. Its first partner is Camino Financial, which lends to undocumented Latinx micro-business owners.
With $10 million in funding from Partech, International Finance Corp., Women Entrepreneurs Finance Initiative and MSA Capital, Trade Depot will help retailers finance inventory purchases and grow their businesses.
The investment from Finnfund, Nordic Microfinance Initiative and France’s Proparco will help Proximity triple the number of farmers it supports and increase loan sizes.
Catalyst Fund's latest cohort includes six startups from Mexico, Africa, and India providing financial inclusion and wellness solutions.
Among Steady’s two million members, the pandemic has hit Black members hardest, said Steady CEO Adam Roseman. “We are focused on delivering immediate and measurable economic value to our members during these unbelievably traumatic times.”
High-contact businesses like nail and hair salons, barbershops and spas have been crippled by COVID, with many workers losing income for months. To reopen, they have “been forced to modernize overnight, where scheduling and digital payments have become imperative to their operations and livelihood,” observes Reid Christian of early-stage tech investor CRV.