Andrew Kuper, CEO of Leapfrog Investments, has taken impact investors to task for not being ambitious enough about transformative social impact for hundreds of millions or billions of people (his talk at last month’s Economist conference is worth a look).
Now, Leapfrog has reported its 2016 performance.
The firm says its portfolio companies provide financial tools or healthcare to 91.1 million people and support more than 100,000 jobs and livelihoods.
In the face of slowing global growth, Leapfrog says its companies last year grew revenues by an average of 23 percent and profits by 43 percent.
Kuper’s recipe for social impact: highly-scalable business models that attract major financial institutions.
Leapfrog’s latest investments: Fincare, a financial services platform in India and GoodLife Pharmacy, an East African retail pharmacy network.
This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.
Photo credit: Screenshot/The Economist/YouTube
