Village Capital has announced 32 startups operating in Africa, Asia, and the Middle East have been selected to join the Financial Solutions for Migrants program, an accelerator for impact-driven startups developing digital financial inclusion solutions for migrants.
Washington, DC. (April 13, 2023) — Village Capital has announced 32 startups operating in Africa, Asia, and the Middle East have been selected to join the Financial Solutions for Migrants program, an accelerator for impact-driven startups developing digital financial inclusion solutions for migrants.
The program which is funded by the Impact-Linked Fund for Gender Inclusive Fintech (ILF for GIF), managed by the Impact-Linked Finance Fund and supported by the Swiss Agency for Development and Cooperation, and the Austrian Development Agency, the operational unit of Austrian Development Cooperation, will work with the startups to further develop and refine their products and solutions to fit the needs of different migrant communities including migrant women and refugees.
The program will provide a combination of intensive in-person and virtual investment readiness training, and connect the 32 startups to Village Capital’s wider investor and mentor community.
Meet the 32 startups developing financial inclusion solutions for migrants across Africa, Asia and the Middle East.
The Middle East
For more information, reach out to Eva Waweru at Village Capital (firstname.lastname@example.org).
About Village Capital
Village Capital is reinventing the system to back the entrepreneurs of the future. Known for its groundbreaking approaches to supporting founders who are building solutions to emergent social, economic, and environmental challenges, VilCap unlocks critical social and financial capital for early-stage companies to maximize business and impact growth.
Since 2009, Village Capital has supported over 1,400 startups that have raised over $5 billion in investment capital. It has made more than 150 investments through its various affiliated funds, including Vilcap Investments, which has invested in 110 peer-selected companies. Over 20,000 entrepreneurs have improved their investment readiness through its network of entrepreneur support organizations and its platform, Abaca. Learn more at www.vilcap.com and follow @villagecapital.
About the Swiss Agency for Development and Cooperation (SDC)
The Swiss Agency for Development and Cooperation (SDC) is the agency for international cooperation of the Federal Department of Foreign Affairs (FDFA). The SDC is responsible for the overall coordination with other federal authorities of development cooperation and cooperation with Eastern Europe as well as for humanitarian aid delivered by the Swiss Confederation. Learn more.
About the Impact-Linked Finance Fund (ILFF)
The Impact-Linked Finance Fund (ILFF) provides finance to high-impact enterprises and directly rewards these for positive outcomes generated through their business activities. It was established by Roots of Impact and iGravity in order to pool their know-how and activities for implementing scalable Impact-Linked Funds.
The Fund, set up as a Dutch foundation, is acting as a capital provider and knowledge hub for the practice of Impact-Linked Finance. We also advocate for embedding impact-related principles and terms in other areas of business, policy and finance.
About the Austrian Development Agency
Combating poverty, ensuring peace and preserving the environment: These are the three major concerns of the Austrian Development Agency (ADA), the operational unit of Austrian Development Cooperation. ADA currently funds projects and programs with a total volume of more than 640 million euros to improve living conditions in developing countries. Together with the Federal Ministry for European and International Affairs, partner countries, public institutions, civil society organizations and businesses, ADA seeks to ensure that sustainable development works to the benefit of all people in Africa, Asia, Southeast and Eastern Europe.