A growing community of investors steers capital to solutions that benefit refugees

  • The 70 million forcibly displaced people around the world represent a growing global challenge. But behind the images of border conflicts and crowded camps, a new narrative is emerging: Refugees as resilient, employable, credit-worthy and, increasingly, investable.

Jay-Z and Kapor Capital join $3 million financing of “de-carceration” startup Promise

  • Promise... works with defendants to be sure they appear at court dates, undergo drug testing and treatments, get to classes and meet other obligations.
  • Reduces costs...The firm charges towns and counties as little as $17 per person per day, compared to $85 or more per day for jail time...