The leaders behind Klarna, Minecraft and Candy Crush Saga are joining other startup founders and H&M’s founding Persson family to fund firms that are trying to solve the world’s biggest problems, the Financial Times (FT) reported Monday (Dec. 23). The group’s €100 million ($111 million)...
Microlending is a relatively simple concept that can be complicated to evaluate. The theory behind it, pioneered by Nobel Prize-winning economist Muhammad Yunus, is pretty straightforward. By accessing small loans at moderate interest rates, impoverished borrowers can invest in building small businesses, getting an education or making...
Whole Foods has announced that both Amazon and Chase will donate a portion of purchases made with an Amazon Rewards Visa Card to Whole Planet Foundation, a nonprofit that fights global poverty through microloans. The companies will donate an amount equal to 2 percent of in-store and...
Mexico’s new government, led by President Andres Manuel Lopez Obrador, is setting its sights on financial technology to get the country out of poverty. According to a report from Reuters, the Mexican government recently announced plans to make financial services more affordable in a country where...
September 14, 2021
The number of people living in poverty in the U.S. increased in 2020 as the COVID-19 pandemic gripped the world, but the level was offset by government stimulus aid, the Census Bureau reported on Tuesday (Sept 14). The U.S. defines poverty as an annual income of $26,200 for a family of four. The $1,200 stimulus […]
December 23, 2019
The leaders behind Klarna, Minecraft and Candy Crush Saga are joining other startup founders and H&M’s founding Persson family to fund firms that are trying to solve the world’s biggest...
March 03, 2019
Whole Foods has announced that both Amazon and Chase will donate a portion of purchases made with an Amazon Rewards Visa Card to Whole Planet Foundation, a nonprofit that fights global poverty...
February 19, 2019
Mexico’s new government, led by President Andres Manuel Lopez Obrador, is setting its sights on financial technology to get the country out of poverty. According to a report from Reuters, the...
