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Soros stakes up to $50 million on Humanity Ventures

The hedge fund billionaire is seeking to galvanize private sector finance and innovation as an alternative to humanitarian aid for vulnerable, transient populations. The education and healthcare-focused partnership with Mastercard, called Humanity Ventures, is part of Soros’ $500 million pledge to reshape the global response to refugees, whose numbers are expected to swell under the threat of economic strain and climate change. Mastercard will develop products and services that can reach refugees on the move.

Photo credit: REUTERS/Luke MacGregor

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