Financial Services – Karma https://karmaimpact.com Advancing people, planet and profit. Wed, 11 Dec 2019 21:09:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.3 Peter Thiel-Backed VC firm Invests in Mexican Neobank Albo as Demand Rises for Services for Unbanked /peter-thiel-backed-vc-firm-invests-in-mexican-neobank-albo-as-demand-rises-for-services-for-unbanked/ /peter-thiel-backed-vc-firm-invests-in-mexican-neobank-albo-as-demand-rises-for-services-for-unbanked/#respond Wed, 11 Dec 2019 21:09:29 +0000 /?p=14231 Mexican challenger bank Albo nabbed an investment from Paypal co-founder Peter Thiel, in the latest indication that the government’s push for financial inclusion places Mexico among the most attractive locations in Latin America for fintech investors.  Albo offers online banking services to the country’s large unbanked population, and permits customers to open an account online […]

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]]> /peter-thiel-backed-vc-firm-invests-in-mexican-neobank-albo-as-demand-rises-for-services-for-unbanked/feed/ 0 The Promise and Limits of SDGs as Guidelines for the Impact Investing /the-promise-and-limits-of-sdgs-as-guidelines-for-the-impact-investing/ /the-promise-and-limits-of-sdgs-as-guidelines-for-the-impact-investing/#respond Wed, 11 Dec 2019 18:27:51 +0000 /?p=14228 When every government in the world and a kaleidoscope of private stakeholders negotiated the Sustainable Development Goals in 2015, they had no idea the impact investing industry would embrace and run with them as the go-to investment principles for social impact. “As diplomats, you never thought that it would be such a big driver for […]

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]]> /the-promise-and-limits-of-sdgs-as-guidelines-for-the-impact-investing/feed/ 0 Mark Cuban Gives Bitcoin a Big “No” While China Pushes Further into Digital Currency /mark-cuban-gives-bitcoin-a-big-no-while-china-pushes-further-into-digital-currency/ /mark-cuban-gives-bitcoin-a-big-no-while-china-pushes-further-into-digital-currency/#respond Tue, 10 Dec 2019 21:39:46 +0000 /?p=14210 Stark contrasts in how digital currencies are viewed around the world were on display this week, as billionaire Mark Cuban said bitcoin has “no chance” of becoming a reliable currency and China pushes ahead with a plan to test and introduce a digital one. “It’s too difficult to use, too easy to hack, way too […]

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]]> /mark-cuban-gives-bitcoin-a-big-no-while-china-pushes-further-into-digital-currency/feed/ 0 Impact Investing’s Solid 2019 Isn’t Due to Gods of Virtue, but Rather Strong Performance in Tech Stocks /impact-investings-solid-2019-isnt-due-to-gods-of-virtue-but-rather-strong-performance-in-tech-stocks/ /impact-investings-solid-2019-isnt-due-to-gods-of-virtue-but-rather-strong-performance-in-tech-stocks/#respond Mon, 09 Dec 2019 21:51:45 +0000 /?p=14183 Impact investing appears to be heading for a very good 2019. But don’t thank any gods of virtue — give credit to technology companies.  Boosted by tech-heavy portfolios, nearly half — 48% — of large-cap sustainable funds performed better than the S&P 500 through November, according to data from Morningstar. That’s compared with 26% for […]

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]]> /impact-investings-solid-2019-isnt-due-to-gods-of-virtue-but-rather-strong-performance-in-tech-stocks/feed/ 0 ‘Crucible for Innovation’: Why Jack Dorsey Is Planning on Spending Quality Time in Africa in 2020 /crucible-for-innovation-why-jack-dorsey-is-planning-on-spending-quality-time-in-africa-in-2020/ /crucible-for-innovation-why-jack-dorsey-is-planning-on-spending-quality-time-in-africa-in-2020/#respond Mon, 09 Dec 2019 16:54:00 +0000 /?p=14174 When Jack Dorsey, CEO of social media giant Twitter and mobile payments company Square, announced he’ll be spending up to half a year in Africa on Nov. 27, a chorus of criticism erupted calling his move “ill-advised.”  Scott Galloway, Twitter shareholder and New York University marketing professor, even wrote a letter to the board calling […]

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]]> /crucible-for-innovation-why-jack-dorsey-is-planning-on-spending-quality-time-in-africa-in-2020/feed/ 0 Robinhood Hits 10 Million Accounts as Demand Rises for Commission-Free Trading /robinhood-hits-10-million-accounts-as-demand-rises-for-commission-free-trading/ /robinhood-hits-10-million-accounts-as-demand-rises-for-commission-free-trading/#respond Thu, 05 Dec 2019 22:08:23 +0000 /?p=14066 Robinhood, the commission-free stock trading platform valued at $7.6 billion, again showed itself to be bright spot in the fintech industry as its accounts soared to 10 million. The seven-year-old Silicon Valley firm is tapping into millennial’s demand for free, easy-to-use mobile services. While much smaller than established behemoths like Fidelity Investments and Charles Schwab, […]

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]]> /robinhood-hits-10-million-accounts-as-demand-rises-for-commission-free-trading/feed/ 0 Brazil Becoming Toxic For Investors as Policies, Amazon Fires Raise Risks /brazil-becoming-toxic-for-investors-as-policies-amazon-fires-raise-risks/ /brazil-becoming-toxic-for-investors-as-policies-amazon-fires-raise-risks/#respond Thu, 05 Dec 2019 18:46:53 +0000 /?p=14055 Fires that raged in the Amazonian rainforest this year are doing more than destroying habitats and melting glaciers: they’re causing investors and companies to rethink strategies in the country and in some cases abandon business initiatives.  Rainforest destruction and the policies of President Jair Bolsonaro, who has said environmental rules are suffocating the country, are […]

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]]> /brazil-becoming-toxic-for-investors-as-policies-amazon-fires-raise-risks/feed/ 0 Bank of America Looks to Offer Broader, More Sustainable Portfolios to Retail Clients /bank-of-america-looks-to-offer-broader-more-sustainable-portfolios-to-retail-clients/ /bank-of-america-looks-to-offer-broader-more-sustainable-portfolios-to-retail-clients/#respond Wed, 04 Dec 2019 21:13:13 +0000 /?p=14041 You may not immediately utter social impact and Bank of America in the same breath, but the giant lender kicked off its impact investing program for retail clients back in 2013. “It is a marked transition over the last 10 years, but even the last three years in terms of demand we see from our […]

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]]> /bank-of-america-looks-to-offer-broader-more-sustainable-portfolios-to-retail-clients/feed/ 0 How This Fintech Startup is Advancing Conscious Consumerism with Transparency /how-this-fintech-startup-is-advancing-conscious-consumerism-with-transparency/ /how-this-fintech-startup-is-advancing-conscious-consumerism-with-transparency/#respond Wed, 04 Dec 2019 14:37:27 +0000 /?p=14015 This piece is brought to you in partnership with the Conduit Connect. With tangible spending data, the statement “vote with your dollar” can be more than just a feel-good phrase — but the lack of reputable information has prevented the evolution of the conscious consumer. CoGo, short for “Connecting Good,” aims to fix this. The […]

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]]> /how-this-fintech-startup-is-advancing-conscious-consumerism-with-transparency/feed/ 0 Figure Technologies Raises Funds as It Aims to Revive Home Equity Loans with Blockchain /figure-technologies-raises-funds-as-it-aims-to-revive-home-equity-loans-with-blockchain/ /figure-technologies-raises-funds-as-it-aims-to-revive-home-equity-loans-with-blockchain/#respond Tue, 03 Dec 2019 22:05:04 +0000 /?p=14009 Figure Technologies, co-founded by student loan refinancing company SoFi’s Mike Cagney, is attracting investors as it seeks to reignite interest in home equity loans that fell out of favor after the 2008 financial crisis.    The San Francisco startup, which provides mortgage refinancing and home equity loans, has already secured $53 million in Series C funds […]

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