Accion, MetLife Foundation partner on financial inclusion incubator

The MetLife Foundation is backing Accion’s fintech incubator with $5.4 million in funding. Most of the funding will focus on Latin America; Eastern Europe and Asia are also included in the three-year initiative. “We’ve found that customers in Latin American cities aren’t getting access to the tools they need,” Accion’s María Camila Gómez tells ImpactAlpha. “A

OPIC earmarks $350 million to back women-run enterprises and investment funds

Recognizing the “great needs of women in emerging markets, and their collective economic force,” the US Overseas Private Investment Corp. is looking to spur an additional $650 million in private capital to back its new 2X Women’s Initiative. “Research shows that women worldwide face a $300 billion shortfall in access to credit and that expanding

Global corporations seek innovation by supporting impact entrepreneurs

The hunt for new customers and new innovations is drawing corporate multinationals toward entrepreneurs who are driving impact on the ground with banking services, farm technology, mobile clinics and off-grid energy sources for the billions of people around the world that still lack those services. Delivering these products and services aligns with the goals of

The Brief’s Big Ten: Revolution in finance, impact at SXSW, gender portfolio risk, badass…

Greetings, ImpactAlpha readers! Another week, another revolution in finance. International Women’s Day has become International Women’s week. We knew the impact investing ecosystem would produce a bounty of research and reports, executive summaries and statements, analysis and aspiration and, as ever, you did not disappoint. One week, it’s gender-lens investing to drive women’s leadership for

Backstage Capital backs Solstice and Pilotly

Backstage Capital, which focuses on supporting women and entrepreneurs of color, invested undisclosed amounts in clean-energy provider Solstice and Pilotly, a digital research provider for media companies. Solstice, led by Ugwem Eneyo and Cole Stites-Clayton, makes a smart meter that helps households and businesses in Nigeria monitor energy consumption and switch between the electric grid