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How immigrants are driving digital transformation of U.S. remittances
There are about 43.7 million immigrants in the United States, and remittances sent from here by foreign-born immigrants rose to $66 billion from $50 billion over the past five years, according to the World Bank.
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- Inclusive Fintech
- Region
- North America
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Press release: Miller Center Launches “Social Entrepreneurship at the Margins” Program
For the first time, up to 20 global social enterprises serving migrants, refugees, and human-trafficking survivors will receive training through Miller Center for Social Entrepreneurship’s 15-year-old accelerator program
- Categories
- Entrepreneurship
- Region
- North America
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WorldRemit nabs $40M at a $670M valuation to boost its money transfer business
WorldRemit, a London-based startup with some 2 million users that offers a quick way for people to send money to each other with a focus on developing markets, has raised more funds to help it take on the likes of Western Union in the remittances market, estimated by the World Bank to be worth some $596 million globally this year, and ramp its user number to 10 million.
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- Inclusive Fintech
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How Latino Entrepreneurs Can Fight Intergenerational Poverty: The Impact of Retirement Plans
Hispanics in the United States have an estimated buying power of $1.4 trillion – about 10 percent of the country's buying power. Despite this economic clout, they lag behind in retirement savings. Traditionally, many have taken care of their elderly parents and, in turn, expect their children to do the same for them. Manuel Carvallo of Hispanic Wealth suggests it's time for the growing number of Latino entrepreneurs to take the lead by establishing retirement plans.
- Categories
- Entrepreneurship
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