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Social Business Roundup: Transaction-Fee Wrangling and a Reason to Pay Attention at Your Next Conference
M-Pesa (finally) moves toward fee transparency ... but it didn't take banks long to react. That's one insight in our weekly roundup. We also zone in on high-level impact investing discussions held 1,600 miles apart, The MacArthur Foundation's tightening focus on world-changing ideas, India's cash crackdown and why it could pay to pay attention at trade shows.
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- Investing
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ImpactAssets Releases Annual IA 50 Impact Investment Fund Showcase
ImpactAssets has released its 2016 impact investing showcase, the ImpactAssets 50 (IA 50), a free online resource for investors and financial advisors. The sixth annual list provides a diversified overview of fund managers representing private debt and equity investments that deliver social and environmental impact as well as financial returns.
- Categories
- Environment, Impact Assessment, Investing
- Region
- North America
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Investing in GoodBusiness
Since 2001, impact VC firms have raised $13 billion to invest in companies that provide a social or environmental benefit as part of running their for-large-profit business. Indeed, $10 billion of that has been raised since 2010 alone. Impact VCs are VCs first that intend to generate market-beating financial returns because of, not in spite of, an impact-oriented investment thesis.
- Categories
- Investing
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Bank of America to Further Integrate Impact Investing Into Goals-Based Approach to Serving Clients
Bank of America today announced that it is enhancing how it engages with clients interested in pursuing positive environmental and social outcomes through impact investing. For several years, client-facing professionals from the company’s Merrill Lynch Wealth Management, U.S. Trust and Merrill Edge businesses have been winning and deepening relationships through goals-based conversations.
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- Impact Assessment, Investing
- Region
- North America
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GIIN Appoints Prudential’s Grier as New Board Chair
The Global Impact Investing Network (GIIN) today announced the appointment of Mark Grier as its new Board Chair. Grier serves as Vice Chairman at Prudential Financial Inc. Grier’s appointment marks a milestone in the advancement of the GIIN, which will benefit from Prudential’s more than 40 years of institutional impact investing experience.
- Categories
- Impact Assessment
- Tags
- impact investing
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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.
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- Investing
- Region
- Latin America
- Tags
- impact investing
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Getting the balance right in African healthcare
Although many African countries' increased focus on strengthening their healthcare systems has led to significant gains in terms of improving health outcomes, the continent continues to struggle with huge challenges such as underfunding, dire shortages of healthcare professionals and a growing double disease burden that encompasses both communicable diseases (CDs) and non-communicable diseases (NCDs).
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Social Business Roundup: Laureate Education Goes Big, Omidyar Gives Directly, Surdna Foundation Embraces Impact Investing
In social business news this week, the world's biggest for-profit college company raised $490 million in its public debut, Omidyar Network gave a $493,000 grant to support GiveDirectly's mission of sending unconditional cash transfers to the poor, and the Surdna Foundation announced plans to dedicate 10 percent of its endowment ($100 million) to a new impact investing fund. Read about these developments and more in our news roundup.
- Categories
- Education, Health Care, Investing, Social Enterprise
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