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For-Profit Bank Becomes First Benefit Corporation Bank in U.S.
Virginia Community Capital (“VCC”) announces that it has converted its wholly-owned, FDIC-insured, for-profit bank into a Benefit Corporation. VCC’s is the first regulated bank in the United States of America to become a Benefit Corporation. The conversion will attract new investors to help communities and people all across the Commonwealth of Virginia prosper. The conversion does not affect the bank's status as a state-chartered banking corporation.
- Categories
- Impact Assessment, Investing
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This Isn’t China: The “Amazon of India” Will Be Amazon and “Uber of India” Will Be Uber
I was at a conference the other day, speaking on a panel with VCs and angels, when we were asked a question: With the softening of valuations and the famous Flipkart markdown, is there still a large internet opportunity in India?
- Categories
- Investing
- Region
- South Asia
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The Evolution of Impact Investing – An Interview with Amit Bouri
Since its founding in 2009, the GIIN has become a standard bearer for the industry, providing everything from specialized training to fund managers and a searchable database of funds and products, to an active Career Center and the influential IRIS catalog of performance metrics. We spoke with Amit Bouri, the chief executive officer and co-founder of the GIIN, about his views on the sector's challenges and future.
- Categories
- Impact Assessment, Investing, Social Enterprise
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The Latest in Social Impact Investing: An Online Matchmaking Platform
Enable Impact matches investors to social impact companies or projects looking for Series A funding to scale up operations.
- Categories
- Investing
- Tags
- impact investing
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Weekly Roundup: A New Africa Accelerator – What Moms, Kids and GE Get Out of It
This week, GE and Santa Clara University’s Miller Center for Social Entrepreneurship announced the healthymagination Mother & Child Initiative, which intends to help social enterprises refine their business plans, manage their human capital and prepare for growth. We discuss this program, the value of old-school development solutions, and (potentially) big news from Facebook in this roundup.
- Categories
- Investing, Technology
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India Expects First Loan From China’s Infrastructure Bank
The bank is China’s latest thrust into international diplomacy.
- Categories
- Investing
- Region
- South Asia
- Tags
- renewable energy, solar
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Why African fintech startups are so attractive to investors
The recently-released African Tech Startups Funding Report released by Disrupt Africa found fintech was the most popular destination for funding in the tech sector after solar in 2015.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Living Cities Launches New $31 Million Blended Catalyst Fund for Social Impact Investment in US Cities
Living Cities today launched the Blended Catalyst Fund, a $31 million impact investing debt fund that will test innovative approaches to solving urban problems. The Blended Catalyst Fund combines philanthropic and commercial debt under the premise that both types of capital are needed to support initiatives that achieve better results for low-income people in US cities. The Fund currently includes ten philanthropic and commercial investors that are committed to increasing the flow of available capital to meet growing demand for social services across the country.
- Categories
- Investing
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