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Press Release: Citi Launches $150 Million Impact Investing Fund
This is the largest fund of its kind to be launched by a bank using its own capital. Investments, which could be as high as $10 million, will primarily be made in companies that have demonstrated proof of concept, built an existing customer base, secured prior rounds of funding and exhibited the potential for scale in multiple markets. A portion of the fund is designated for earlier stage seed investments.
- Categories
- Entrepreneurship, Finance, Investing
- Region
- North America
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Tiedemann Advisors to Offer an Impact-Investing Cash Solution
“Cash has traditionally been held at large financial institutions, which don’t necessarily have socially responsible lending criteria that align to core values of our clients ,” says Brad Harrison, managing director at Tiedemann.
- Categories
- Investing
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Brazil’s Unicorn FinTech EBANX Pilots Digital Wallet
Founded in 2012, EBANX originally processed payments for Brazilian clients of global websites and recently expanded to offer services to Brazilian eCommerce platforms.
- Categories
- Finance
- Region
- Latin America
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Cash Is Dying, and the Unbanked Are Being Left Behind
A report by the Boston Consulting Group identified five main barriers to cashless payment systems: high cost of electronic payments to retailers, lack of solutions for the customer, lack of governmental support, insufficient trust in digital payments, and an absence of support infrastructure. And those reasons make sense.
- Categories
- Finance
- Region
- North America
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Gates Foundation Mobile Money Projects in Developing World to Go Live This Year
Kosta Peric, deputy director of financial services for the poor at the Bill & Melinda Gates Foundation, said projects in Pakistan, Tanzania and eight West African countries could go live as early as the middle of this year.
- Categories
- Finance
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Jeff App, the ‘Tinder for Loans’, Raises €150k to Boost Financial Inclusion in Southeast Asia
Latvian fintech startup Jeff App has raised €150K to further evolve its “Tinder for loans” solution in the Vietnamese market, as well as expand to Indonesia later in 2020. A number of European business angels participated in the Jeff App pre-seed round, the very first company’s funding round to date.
- Categories
- Finance
- Region
- Asia Pacific
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‘Green Is Good.’ Is Wall Street’s New Motto Sustainable?
As big institutions go green, it can make for strange bedfellows, like some of Goldstein’s clients who were carried into the Goldman Sachs fold. Among them, a group of Midwestern nuns known as the Franciscan Sisters of Mary, a Roman Catholic group out of St. Louis.
- Categories
- Investing
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Viewpoint: Today’s Africa Is the China of 20 Years Ago
The barriers that slow down entrepreneurship in Africa are similar to those I had to fight against twenty years ago when I created Alibaba. By relying on the digital revolution, it is possible to turn Africa into a global hub.
- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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Challengers to the front! As #FinancialInclusion (link opens in a new window) shifts from the realm of #CSR (link opens in a new window) to mass market, digital "challenger… https://t.co/G4G9D6LK7b (link opens in a new window) -
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Press Release from the newsfeed: @Citi (link opens in a new window) Launches $150 Million #ImpactInvesting (link opens in a new window) Fund: https://t.co/NkpuR43fx1 (link opens in a new window)… https://t.co/cJp49nwbk0 (link opens in a new window) -
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ATTN #Jobseekers (link opens in a new window): @mixglobaldata (link opens in a new window) seeks Senior Director, Strategic Data Initiatives in Washington, DC. Apply by 2/07… https://t.co/UOaWg9kyyQ (link opens in a new window)
