Thank mobile money if the world meets the 2030 Sustainable Development Goals

Touted as a path to financial inclusion, mobile money directly touches at least 11 of the 17 Sustainable Development Goals, says GSMA, a global association of mobile phone operators, in its 10-year State of the Industry Report on Mobile Money. “A decade from now, everyone, including the world’s poor, should be able to send money to

Will electric taxis make China’s air cleaner – or dirtier?

Beijing is moving to phase out gas-powered taxis as part of an effort to tackle its crippling smog levels. Smog in the city is on the decline but it still worst among Chinese cities. To help clear the air, 70,000 gas taxis in the city will be replaced with electric vehicles as part of a

Pro Mujer to expand services for low-income women with Working Capital for Community Needs

Women Rising Pro Mujer will expand services for low-income women with Working Capital for Community Needs. Working Capital for Community Needs, a Latin America-focused impact investor, is helping Pro Mujer expand its supportive resources like financial products, healthcare and education to poor women across Latin America. Pro Mujer, based in New York, has lent $3 billion

Investors find exits and returns in two “fake meat” ventures

The $4 billion plant-based alternative meat market is heating up, with two recent exits. Maple Leaf Foods in Canada bought a stake in Lightlife Foods from private equity firm Brynwood Partners for $140 million. And Korys, a food services investor affiliated with one of Belgium’s largest supermarket chains, bought a stake in Dutch alternative meat producer Ojah

Agtech Accelerator leads $10 million financing for Boragen

Agtech Accelerator has led a $10 million financing round for Boragen. The first venture out of the Raleigh, N.C. accelerator makes “synthetic fungicides” that combat the pest resistance in existing fungicides. The boron-based technology was originally developed for healthcare applications. The Raleigh, N.C. accelerator led the Series A round with $3 million and helped raise $7

LetsEndorse gets endorsement of angel investors for its social development platform

The Bangalore-based startup’s crowdfunding platform helps social entrepreneurs and NGOs find funding for development projects. Since July, it has enrolled 500 NGOs and enterprises globally and facilitated funding for 30 projects from individual donors and corporations. Chandigarh Angels Network and Social Alpha, an angel fund backed by Tata Trusts, invested an undisclosed amount to help

U.K. Social Bond Fund reports 6.6 percent annual returns

The U.K. Social Bond Fund reports 6.6 percent annual returns. The bond fund, launched in December 2013 by Columbia Threadneedle Investments and Big Issue Invest, invests in bonds from UK charities and social enterprises. The fund’s manager Simon Bond (yes, Bond) says the mainstream investment fund was intended to catalyze the social bond market. “Our track