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Why Startups Focused on Solving Social Problems Are Attracting Investors
Making public commitments to social good without action to back them up sets a dangerous precedent. Failing to follow-through diminishes credibility and significantly increases the risk of customer mistrust.
- Categories
- Investing
- Tags
- impact investing, startups
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Frontier Car Group raises $58M for its used-car marketplace for emerging economies
Frontier Car Group, a Berlin startup that has built a used car marketplace targeted specifically at countries outside of Western Europe and North America, is announcing $58 million in funding — $41 million in equity and $17 million in debt funding — to continue expanding its business into Africa, Latin America and Asia, where it has sold 50,000 vehicles since launching at the end of 2016 and is on track to do $200 million in annualised revenues per year.
- Tags
- startups, venture capital
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The Ben & Jerry of Africa: A Transformation That’s Coming Sooner Than You Think
In the last three decades, China has pulled a half billion people out of poverty, and India has pulled another half billion. It won’t be long before Africa does the same, says serial entrepreneur Luni Libes. And when it does, those 500 million new middle class consumers will want the comforts that come with a decent income – including treats like ice cream. Libes explores what this coming transformation will mean for Africa's next generation of entrepreneurs.
- Categories
- Uncategorized
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Launch in Karachi: National incubation centre to start operations
After making inroads into Lahore, Islamabad and Peshawar, a national incubation centre (NIC) is being established in Karachi to train youth who are looking forward to becoming tech-based entrepreneurs with the objective of dismantling old-fashioned systems and introducing new creative solutions.
- Categories
- Technology
- Region
- South Asia
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No girl’s period should force her to miss school, and this startup is making sure of that
Twenty years after Bamisaye finished school, Nigerian schoolgirls continue to face the same challenges when they menstruate. So, she decided to do something about it—by creating a startup that provides girls with menstrual hygiene kits in the hope that they'll stay in school.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Viewpoint: Why Indian industry needs science-based social innovation and entrepreneurship
Social Alpha is setting up a number of endowment and investment funds to ensure that enough catalytic risk capital is available in the high impact social innovation space.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- startups
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Delhi-based fintech startup Affordplan raises Series B round
Affordplan, a Delhi-based fintech startup that makes healthcare services accessible through planned savings for non-emergency treatments, has raised fresh capital in its Series B round from a clutch of investors.
- Region
- South Asia
- Tags
- fintech, startups, venture capital
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MENA FinTech market to attract $2 billion in deals
The current MENA fintech market is estimated at $2 billion and expected to witness an annual growth of $125 million until 2022, according to MENA Research Partners (MRP).
- Categories
- Finance
- Region
- North Africa & Near East
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