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Upsie raises $1.7 million for product-warranty app

Upsie is an app that allows customers to comparison shop for product warranties. The 2016 Village Capital Fintech and 2017 Techstars Retail participant raised the funds from Techstars Ventures, Matchstick Ventures, Gopher Angels, M25, Village Capital Investments and Syndicate Fund. VilCap’s Victoria Fram describes Upsie as “a solution to an often overlooked problem that affects

Too much of a good thing in Kenya?

A new report on “The State of Social Impact Investing in Kenya” suggests that a growing number of impact investors, many of them pursuing bigger deals, may be driving up valuations and distorting the market. The perception that social impact investors, in Kenya and elsewhere, may overpay for stakes in startups is not new. As Jonathan

Climate-risk disclosure and the “tragedy of the horizon”

The classic problem in environmental economics is the “tragedy of the commons.” Bank of England Governor Mark Carney called out a related tragedy in a speech to insurers in London in September 2015. “Climate change is the tragedy of the horizon,” said Carney, who also chairs the G20s Financial Stability Board. “We don’t need an

The ‘digital divide’ is narrowing

The world is on track to achieve the UN Sustainable Development Goal for universal and affordable Internet access in the world’s least-developed countries by 2020, according to a new UN report. Significant progress has been made in the 47 poorest countries, which have all now launched third-generation (3G) mobile services. Around 700 million of the 880

Oregon Community Foundation makes three investments from impact fund

The Portland-based foundation invested (paywall) $3.75 million in housing lender Network for Oregon Affordable Housing, small business lender Micro Enterprise Service of Oregon, and local lending agency Community LendingWorks. Oregon Community Foundation, with a $1.7 billion endowment, is comprised of seven philanthropies that support Oregon social organizations. The foundation has raised $20 million for its

Twilio social fund backs edtech venture Edovo

Half of US inmates return to prison within three years of release, and education programs significantly reduce the odds of recidivism. Chicago-based Edovo provides educational content on secure tablets for people in prison, seeking to reduce recidivism. Inmates receive certificates and entertainment options when they complete lessons. Edovo is currently available to 50,000 of the US’s

Lambda School raises $4 million for pay-as-you-earn coding school

The education company offers computer science and machine learning programs, and recently graduated its first class. Students can pay $20,000 up front, or begin repaying through an income sharing program once they graduate and get a job earning over $50,000. The income share lasts for two years, with a maximum repayment of $30,000. The seed funding was