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PayPal And Village Capital On Financial Inclusion’s Data-Driven Future
When venture development organization Village Capital and PayPal look at the ever-expanding troves of data out there (financial data in particular), they see a special potential. All those financial data streams, according to Village Capital’s Managing Director Allie Burns, look an awful lot like the next great tool to be enlisted in the fight to expand financial inclusion in the U.S. and around the world.
- Categories
- Finance
- Tags
- data, financial inclusion, fintech, startups
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Sri Lanka, UNDP launch social impact funds to support small businesses
Sri Lankan small firms and micro enterprises whose goals include ending poverty and environmental protection will be able to get money and management support from two social impact funds with total capital of US$25 million launched Wednesday.
- Categories
- Investing
- Region
- South Asia
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Press release: Grameen America Hits $1 Billion Milestone in Microloans to Low-Income Women
"This record $1 billion achievement is proof that the model can scale successfully, and we are excited to see where the next decade takes us," said Yunus. "Many had doubts that microfinance would be effective as a poverty alleviation tool in the United States, but we have clearly proved them wrong."
- Region
- North America
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FinTech Firm Prodigy Finance Gets R14 Billion In Debt Financing
The FinTech firm started by three INSEAD MBA graduates who experienced the difficulties of financing an international degree first-hand is planning to use the capital to scale and expand the business into the US
- Categories
- Finance
- Tags
- fintech
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Champions of Impact Investing
When the definition is broadened to include public funds seeking to invest in companies with the best environmental, social, and governance, or ESG, practices, the level of assets swells to nearly $9 trillion, according to the latest figures from The Forum for Sustainable and Responsible Investment.
- Categories
- Investing
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Press release: CGAP Launches Photo and Video Contest Theme for 2018: Financial Inclusion in Africa
This year CGAP is looking for original and compelling photographs and short videos that tell the story of how financial services empower poor people and communities in Africa. The region is a center for financial innovation -- home to M-Pesa, the mobile money service launched a decade ago now replicated across markets worldwide; host to vibrant FinTech and e-commerce companies; and to a growing off-grid sector that leverages digital finance.
- Source
- Press release
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Microsoft launches $40 million AI for Humanitarian Action initiative
One initiative to receive a grant from Conservation Metrics is using AI to recognize the unique sounds of elephants’ calls to track them over time. More than 100 AI for Earth grants have been awarded thus far.
- Categories
- Technology
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Press release: State of Blended Finance report 2018 reveals growth of blended finance market
“In two years since Convergence has launched, we have seen blended finance enter the mainstream, leaving a mark on not just major meetings and conferences around the world but in international development policy and strategies,” says Joan Larrea, CEO at Convergence. “This report breaks through the noise to give practitioners a clear sense of the current trends and best practices, so they can steer the right blend of capital into transactions that address the SDGs.”
- Categories
- Investing
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