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UBS Cancer Fund Shows Power of Impact Investing
UBS Wealth Management is proving investors in Asia will warm to funding projects with social and environmental benefits if the potential returns deliver.
- Categories
- Environment, Investing
- Region
- South Asia
- Tags
- impact investing
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Roundup: Chicago’s $100M Impact Test, World Bank Relevance Check – And Defending ‘White Savior Barbie’
Something big happened in Chicago this week, as the Chicago Community Trust, MacArthur Foundation and Calvert Foundation announced their plans to funnel $100 million in impact investments to nonprofits and social enterprises in the Windy City through the Benefit Chicago project. Our editors discuss that development, wonder about the evolving role of the World Bank, and defend "White Savior Barbie" in this roundup.
- Tags
- impact investing
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Remitly Raises $38.5M to Expand Mobile Money Transfers Globally
Remitly, a Seattle startup that helps immigrants send money home, has raised a $38.5 million funding round and announced it will expand to Canada.
- Categories
- Investing, Technology
- Tags
- fintech, remittances
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U.S. Government’s Development Finance Institution, OPIC, Announces $50 Million Investment in Impact Investing Pioneer Root Capital
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, announced today a renewed commitment to agricultural impact investor Root Capital. OPIC’s commitment, an increase to a $50 million financing facility, is Root Capital’s largest source of funding, and will significantly support Root Capital’s established on-lending program to rural, underserved businesses in Latin America and Africa.
- Categories
- Agriculture, Investing
- Tags
- impact investing
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Hikma Pharmaceuticals Launches $30M Digital Health Venture Fund in Amman
Hikma Pharmaceuticals has launched a $30 million strategic venture capital fund focused on digital health, therapeutics, and diagnostics startups.Founded in August 2015, the Amman-based Hikma Ventures operates as the corporate venture capital arm of Hikma Pharmaceuticals.
- Categories
- Health Care, Investing
- Region
- North Africa & Near East
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UBS Investors Are Aiming to Make ‘Competitive’ Returns From a Fund Related to Cancer
Global investors are always looking for the next best place to put their cash to get decent returns — and this time it looks like many are looking towards the healthcare sector for bumper profits.
- Categories
- Investing
- Tags
- impact investing
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MetLife Foundation Makes Significant Progress Towards $200 Million, Five Year Commitment to Financial Inclusion
Today, MetLife Foundation released its 2015 Annual Report, highlighting its activities and showcasing a broad array of partners, grantees and activities.
- Categories
- Investing
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PayPal Participates in $30m Round in Acorns Micro-Investing App
Acorns, the micro-investing app that allows users to invest their ‘spare change’ or ‘acorns’ in an automated manner, has today announced a $30 million round of financing. It was obtained from PayPal and with participation from the Rakuten Tech Fund and existing investors e.ventures and Greycroft Partners to help the company expand its partnerships and automated investment features, according to a company press release.
- Categories
- Investing, Technology
- Tags
- fintech