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Accelerating fintech in China
In 2016, investment in mainland Chinese and Hong Kong fintech ventures totaled $10.2 billion, exceeding North America’s $9.2 billion. Many domestic financial services and e-commerce conglomerates are supporting Chinese fintech startups.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech, startups, venture capital
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Upaya Social Ventures Selects Next Two Companies for Investment: UpSkill and SMV Green
“We are thrilled to support these two companies as they scale.” Upaya’s CEO Kate Cochran said. “Upaya believes in the power of entrepreneurs to fight global poverty. Mansi and Naveen are exceptional in how deeply they share our commitment to providing jobs and opportunity."
- Categories
- Investing
- Region
- South Asia
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Salesforce dedicates $50 million to impact investments
Salesforce Ventures — one of the most active investors in the corporate venture capital world — is creating a $50 million fund dedicated explicitly to software startups with working on services for workforce development; tools that promote opportunities for women or under-represented groups; companies creating better access to clean energy options or that improve supply chain performance; and apps that help non-profits or non-governmental organizations achieve their missions and interact with partners, donors and volunteers.
- Categories
- Investing
- Region
- North America
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Aavishkaar, the Modern Day Impact Investor
In October 2001, Aavishkaar (Hindi for ‘invention’) was launched with the money Rai had raised. It’s now part of the parent company, Aavishkaar-Intellecap Group. Intellecap was founded in 2002. The company identifies investable businesses from underprivileged areas and provides the necessary business training.
- Categories
- Investing
- Region
- South Asia
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Report: Unitus Seed Fund’s Investments Impact 1.2 Million Lives Across India
Unitus Seed Fund, India’s leading impact venture fund investing in early- stage startups innovating for the masses, today released its semi-annual impact report, which is now mapped to UN Sustainable Development Goals (SDGs).
- Categories
- Investing
- Region
- South Asia
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East Ventures announces new $30M fund to continue investing in Indonesia
This new $30 million fund is the firm’s sixth to date in Southeast Asia, and remarkably its second in 2017 alone. A $27.5 million fund announced in January was fully deployed in less than a year as outside interest in Southeast Asia blew up in 2017, with Indonesia the focal point for investors like Chinese web giants Alibaba and Tencent. Today marks the first close of the new fund.
- Categories
- Investing
- Region
- Asia Pacific
- Tags
- venture capital
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Chilean startup ComparaOnline raises $14 million for its financial education tools for Latin America
The company, now backed by private equity firm Bamboo Capital Partners and the International Finance Corp., the investment arm of the World Bank Group, pitches financial educational tools to consumers in Brazil, Chile, and Colombia.
- Region
- Latin America
- Tags
- fintech, venture capital
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Dao Ventures Launches 2017 US-China Impact Venture Contest
Dao Ventures, a US-China impact investing consortium, has launched its 3rd annual US-China Entrepreneurship Competition that is considered the only impact-oriented venture contest across the Pacific. Dozens of U.S. and international impact ventures have received support from Dao Ventures over the past years via the Competition.
- Categories
- Investing
- Region
- Asia Pacific
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