Microcapital Brief: Investview Acquires Gate Global Impact, Gateway 2.0 Will Continue to Link Social Enterprises, Funders
Friday, January 9, 2015
Gate Global Impact (GGI), a US-based, regulatory-compliant electronic marketplace that focuses on impact investing, has been acquired by Investview, another US-based financial services company . As part of the deal, Investview has also acquired GGI’s Gateway 2.0, a website that enables small and medium-sized enterprises (SMEs) listed on the United Nation’s Global Compact Social Enterprise Hub to access financing for projects intended to produce a financial return while addressing challenges relating to “human rights, labor, environment and anti-corruption.” Investview intends to continue operating the platform through GGI. Mr Vincent Molinari, the chief executive officer of GGI, and Mr Joseph Latona, president of GGI, will join Investview. The financial details of the deal have not been made public.
Investview, which is publicly traded under the ticker symbol INVU, has market capitalization of USD 20 million and reported total assets of USD 327,000 as of March 2014 .