Impact Shares, YWCA, NAACP develop publicly traded social justice investments

The Dallas-based non-profit investment manager Impact Shares is partnering with YWCA Metropolitan Chicago and the NAACP on two social-justice exchange-traded funds, bundles of stocks listed on a stock exchange. The Impact Shares YWCA Women’s Empowerment ETF will focus on public companies committed to women’s empowerment through health or workplace advancement. The Impact Shares NAACP Minority

In the Middle East, VilCap and MetLife select 11 new fintech prospects

The MetLife Foundation is backing Village Capital’s latest financial tech program in Dubai later this month. Eleven startups have been selected from across the Middle East. Jordan-based Solfeh provides Islamic finance-compliant cash advances to low-income workers. Lendflo is a blockchain-based peer-to-peer lending platform (see full list of the 11 selected companies below, courtesy of Village Capital) The

In Latin America, VilCap backs fintech startups Mutuo Financiera and Fintual

The Mexican and Chilean startups were selected by their peers for investments of $75,000 each as part of Village Capital’s latest Latin American fintech cohort. Across Latin America, a majority of adults are unbanked or underbanked. Mutuo Financiera offers credit and other financial products to small businesses in Mexico, where 93% of small business applicants get

New funding mechanisms for Cleantech 2.0 bridge venture capital gap

VC funding has proved a poor fit for the high risks, modest returns and long holding periods associated with cleantech investing. After a boom in the 2000s, venture capital funding for cleantech dropped 30 percent between 2011 and 2016. Last year only 7.6% of VC deals went into clean technologies. A report from the Climate

How a green bank could finance New Jersey’s clean-energy economy

Even many Jersey voters might not know that Governor-elect Phil Murphy’s clean-energy platform aims to put the Garden State on a path to 100% clean energy by 2050. New Jersey has the U.S.’s fifth-highest solar installed-capacity, but only 5% of the state’s power comes from renewables. Murphy’s strategy for renewable energy, energy efficiency and clean transportation

Why Rise of the Rest should own impact, Propel Capital’s civic tech fund, cleantech investing 2.0,

Greetings, ImpactAlpha readers! #Featured: Impact Voices Yes, Steve Case, there is impact alpha. As more money folks embrace impact investing, it seems some impact folks are running away. The latest case in point, so to speak, is Steve Case, who took pains to make clear to The New York Times that his new Rise of the

Rise of the Rest should take pride in impact — not run from it

In case you missed it, Steve Case’s new Rise of the Rest fund, which strives to “construct an ecosystem like the one in Silicon Valley that will provide support and connections to entrepreneurs in small towns,” is not an impact investment. In a New York Times article published Monday… …Mr. Case was quick to say