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MetLife Foundation Makes Significant Progress Towards $200 Million, Five Year Commitment to Financial Inclusion
Today, MetLife Foundation released its 2015 Annual Report, highlighting its activities and showcasing a broad array of partners, grantees and activities.
- Categories
- Investing
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PayPal Participates in $30m Round in Acorns Micro-Investing App
Acorns, the micro-investing app that allows users to invest their ‘spare change’ or ‘acorns’ in an automated manner, has today announced a $30 million round of financing. It was obtained from PayPal and with participation from the Rakuten Tech Fund and existing investors e.ventures and Greycroft Partners to help the company expand its partnerships and automated investment features, according to a company press release.
- Categories
- Investing, Technology
- Tags
- fintech
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Microlender Ujjivan Eyes $375M Valuation in IPO
Bengaluru-based microfinance firm Ujjivan Financial Services Ltd is seeking a valuation of as much as Rs 2,500 crore ($375 million) in an initial public offering that opens on April 28.
- Categories
- Investing
- Region
- South Asia
- Tags
- microfinance
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Guadalajara Startup Kueski Scores Largest Fintech Investment in Mexico History With $35 Million
Guadalajara microloan startup Kueski announced a massive funding series over the weekend, bringing in $35 million with the potential to increase that to $100 million. The Series A round was led by Richmond Global Ventures, Rise Capital, the CrunchFund and Variv Capital. It also included Victory Park Capital, Angel Ventures Mexico, Core Ventures Group and Auria Capital.
- Categories
- Investing
- Region
- Latin America
- Tags
- fintech, lending, microfinance
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Yunus Centre Trashes Report on US Fund
Yunus Centre in a statement yesterday protested a news article, saying neither Nobel laureate Prof Muhammad Yunus received funds from the USAID personally, nor the Grameen companies got funds because of his friendship with former US secretary of state Hillary Clinton.
- Categories
- Investing
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Fundnel Partners With Impact Guru to Transform Social Impact Investing
Singapore-based investment platform Fundnel has entered into a strategic tie-up with Indian crowdfunding platform Impact Guru to tap into philanthropic and investment capital from the Indian diaspora based in Southeast Asia and plough back investments into ventures that address social needs.
- Categories
- Impact Assessment, Investing
- Region
- South Asia
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Morningstar Gives Marks for Environmental Prudence
Morningstar has begun to rate more than 20,000 mutual funds on their environmentally sustainable characteristics, and that should give a boost to sustainable investing in general say organizations that promote impact investing.
- Categories
- Environment, Impact Assessment, Investing
- Tags
- impact investing
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Janalakshmi, The Largest Microfinance Institution in India, Announces $210M Equity Round
Janalakshmi Financial Services Limited (“Janalakshmi”) today announced a $150 million (INR 10 billion) round of primary equity financing led by global private investment firm TPG. In addition, secondary transactions aggregating $60 million (INR 4 billion) will provide partial exits to existing investors.
- Categories
- Investing
- Region
- South Asia
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