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Accion Venture Lab Marks Second Successful Exit, Driving Social and Financial Impact from Investment in Clip
Accion Venture Lab, the seed-stage investment initiative of financial inclusion leader Accion, announced today that it has marked its second successful exit, further demonstrating the potential for early stage investments to generate social and financial returns. Venture Lab has sold its stake in Clip, a Palo Alto and Mexico City-based company that provides cost-effective and efficient digital payment solutions to the often financially underserved segment of micro, small, and medium enterprises (MSMEs) in Mexico.
- Categories
- Investing
- Region
- Latin America
- Tags
- impact investing
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BitPagos, Now Ripio, Lands $1.9M to Promote Financial Inclusion in South America Using Bitcoin
BitPagos, a bitcoin and digital payments startup that was a Battlefield finalist at TechCrunch Disrupt New York 2016, has closed a $1.9 million Series A round to expand its services in its native South America.
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- Uncategorized
- Region
- Latin America
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Mexico’s Largest Bank Acquires Fintech Payments Startup Openpay
BBVA Bancomer, the largest financial institution in Mexico, has acquired Openpay, a payments Fintech startup based in Mexico that enables real-time payments for individuals, small businesses, and large enterprises. The acquisition comes after a collaborative partnership between the bank and the Openpay which saw the bank benefit by increasing its range of online payments solutions.
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- Technology
- Region
- Latin America
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Finnovista: 2017 Will Be the Year of Fintech for Inclusion in Latin America
Cofounded by Fermin Bueno and Andres Fontao who also cofounded Startupbootcamp FinTech LATAM, Finnovisita sees itself as an impact organization that accelerates fintech entrepreneurship in Spanish speaking countries, builds bridges between startups and financial institutions and facilitates the transformation of advanced financial services and the eradication of financial exclusion. The platform is on the cusp of celebrating its fourth year boosting fintech in Latin America and Spain.
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- Technology
- Region
- Latin America
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PepsiCo takes on Coca-Cola with Latin American water plan
PepsiCo has announced it will restore and protect a handful of watersheds in Latin American countries in which it operates, including Mexico, Brazil, Colombia and Guatemala.
- Categories
- Environment, Health Care
- Region
- Latin America
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How This Latina Turned Her Aha Moment Into A Profitable, Socially Responsible Business
In 2010, when Francesca Kennedy went back to Guatemala to visit her family, she found that the lake she had been baptized in, Lake Atitlan, was deemed by NASA to be one of the world’s worst natural disasters. The blue green algae that now inhabited the once clear lake was the first spark into what would later become her mission-driven entrepreneurial career.
- Categories
- Environment
- Region
- Latin America
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A Souvenir Smuggled Home From Cuba: A Cancer Vaccine
Zuby Malik is an unlikely candidate to violate international law. A 78-year-old mother of four with a crown of silver hair, she is a retired obstetrician-gynecologist with a penchant for order.
- Categories
- Health Care
- Region
- Latin America
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Pro Mujer Announces the Retirement of Co-Founder Lynne Patterson
Pro Mujer announced the retirement of its Co-Founder and Director Emerita Lynne Patterson, whose vision of a world where all women thrive gave birth to Pro Mujer 26 years ago. Since Patterson and Co-Founder Carmen Velasco joined forces in El Alto, Bolivia in 1990, the organization has grown to serve more than 250,000 women and their family members annually across five countries in Latin America, and has positioned itself as a thought leader on women’s empowerment and financial inclusion in the region.
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- Uncategorized
- Region
- Latin America