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Unitus raises funds for India from global foundations
BANGALORE: Seed-stage impact investor Unitus Seed Fund has raised $7 million in fresh funding from a clutch of institutional and individual investors taking the total fund size to $20 million.
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Has microfinance lost its moral compass?
The industry that provides financial services for people on low-incomes and without access to traditional banking services is morally reprehensible according to new research from The University of Manchester.
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4 tips to implementing effective and efficient microfinance programs
Despite being in place for more than 20 years, microfinance has yet to achieve its full potential, some experts suggest.
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Unitus Seed Fund Has Raised USD 20 Million From Investors
New investors in India’s most active Micro VC impact fund demonstrate that commercial and philanthropic investors are drawn to impact investing
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PRESS RELEASE: At SOCAP 14, Unitus Seed Fund launches its India Impact Acceleration Program
September 2, 2014: San Francisco. Today at SOCAP 14, Unitus Seed Fund launched its India Impact Acceleration Program to help improve and accelerate the early-stage impact startup ecosystem across India in three ways: by increasing connections facilitated through “startup scouts” operating across India, working with leading incubators to help create more “venture capital-ready” startups that target low-income populations, and offering financial assistance to startups that make use of our existing Venture Advisor and Catapult Partner networks.
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Weekly Roundup 8/29/14 – Getting In While the Getting’s Good: Why the Bain Capital, TOMS deal could be the first of many
Going into the Social Capital Markets Conference (SOCAP14) next week, Bain Capital’s 50 percent purchase of TOMS Shoes for a reported $300 plus million was reverberating throughout social media. Most of the reactions in the impact investing community were positive, although many continued to question buy-one, give-one, model.
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India PM Launches Financial Inclusion Plan
Prime Minister Narendra Modi on Thursday launched Jan Dhan Yojana, a mega financial inclusion plan under which bank accounts and RuPay debit cards with inbuilt insurance cover of Rs 1 lakh will be provided to crores of persons with no access to formal banking facilities.
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‘Cash Burns Your Pocket’: New World Bank, Gates report finds mobile payments vital to G20 goals
Just 41 percent of adults in developing economies have a bank account - a problem that G20 nations are increasingly focused on. To that end, this week the Gates Foundation, the Better than Cash Alliance and the World Bank released a report on the potential of digital payments to advance financial inclusion - and the challenges that must be addressed.
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