ImpactAlpha, April 12 — Washington, D.C.-based Village Capital has made its first pair of investments through the early-stage Financial Innovation Fund it manages on behalf of MetLife Foundation.
The fund is backing Kader, a Jordan-based on-demand mobile platform connecting gig-workers with employers in hospitality, retail and service. Village Capital also invested in Chile’s Houm, which is aiming to streamline leasing, selling and buying properties for both tenants and landlords in Latin America.
MetLife Foundation’s Evelyn Stark says Kader and Houm “are giving their low-income clients confidence to pursue their dreams.”
Village Capital’s Allie Burns says the firm has a vision to facilitate $10 billion in investments for early-stage, high-growth startups (see, “Village Capital to manage $3 million financial health fund for MetLife Foundation”).
Village Capital’s family of funds aim to invest in impact-driven startups focused on financial health, the future of work, and sustainability.