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Data-Driven Experiences Critical to Bank Success as Industry Reaches ‘Inflection Point’ in Race for SME Customers
The race for SME (small and medium enterprise) customer primacy has reached a critical inflection point, according to a new guide from London-based Pollinate.
- Categories
- Entrepreneurship, Finance
- Region
- Global
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Sustainable Solutions for the World’s Failing Food Systems: Acceso’s CEO Discusses its Innovative Approach
The war in Ukraine has weakened global food systems that were already reeling from the ongoing impacts of the COVID-19 pandemic – not to mention the escalating climate crisis. In this interview, Acceso CEO James Jenkin discusses how his organization is responding to that urgent need by taking an innovative, market-driven, farmer-focused approach to what’s becoming one of the most critical challenges of our time.
- Categories
- Agriculture, Entrepreneurship
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Aavishkaar Raises $130 Million for First Close of Latest Fund
Aavishkaar Capital has raised more than ₹1,000 crore ($130 million) for the first close of its latest impact investment fund.
- Region
- Global
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Scale Is Overrated: Why the ‘Unicorn Industrial Complex’ is Holding Back Social Enterprise and Emerging Markets Business
Social enterprises and small and growing businesses (SGBs) are the focus of a lot of discussion and excitement in the development sector, as seen in recent SGB coverage on NextBillion and other publications. But Jack Foreman at Foresee Advisors argues that this discussion ignores the needs – and essential natures – of the vast majority of these businesses, particularly in emerging markets. He explains why the focus on scale – and investors' search for the next potential "unicorn" startup – overlook the crucial importance of SMEs that are content to remain small or medium-sized.
- Categories
- Entrepreneurship, Investing
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Sendbox Raises $1.8 Million Seed to Digitise Deliveries for African SMEs
Sendbox, the Nigerian startup digitising deliveries for e-commerce and social commerce sellers in Africa, has closed a $1.8 million seed round to expand into more African markets, scale its product offerings and hire more talents.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Four Insights for Better Measurement: What Businesses Can Learn from the Public and Nonprofit Sectors
In the public and nonprofit sectors, comprehensive monitoring, evaluation and learning approaches are increasingly common – but many small and growing businesses (SGBs) lack the time and resources for these practices. Heather Esper, director of the Performance Measurement and Improvement team at the William Davidson Institute, shares four key data collection and measurement insights from the public and nonprofit worlds that businesses — particularly SGBs — can leverage to improve their decision-making and maximize the social and financial value of their data.
- Categories
- Entrepreneurship, Impact Assessment
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Making This Year Better Than the Last: A Recent Survey Assesses the Pandemic’s Impacts on Micro and Small Businesses
Micro and small businesses dealt with massive challenges during the initial months of the COVID-19 pandemic, and even those that adapted and survived still face major struggles. Juan Carlos Thomas at TechnoServe shares the results of a recent study on COVID-19's impact on these enterprises, and explores how his organization has been supporting them – including through a crisis toolkit that helps them weather the pandemic's challenges, and through digital tools focused on business training and access to finance.
- Categories
- Coronavirus, Entrepreneurship, Technology
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When ‘Hibernation’ Is Not an Option: How a Small Business in India Fought to Stay Alive During the Pandemic
Soon after the COVID-19 lockdown started, Lal10 – a social enterprise that connects India’s indigenous artisans to formal markets – faced cratering demand for its standard products, like saris and other textiles. As Sachi Shenoy at Upaya Social Ventures explains, in order to survive, the company essentially had to start over. She explores how Lal10 managed to quickly pivot to meet the intense demand for personal protective equipment, while continuing to connect its artisans to dignified work – and building a more efficient company in the process.
- Categories
- Coronavirus, Entrepreneurship
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