What are your thoughts on impact investing in FinTech? Do you have any examples of VC-backed companies?
I think there a lot of different definitions of impact investing. We fundamentally believe that the best way to have an impact or change the world is to build a sustainable business whether it be for-profit or non-profit. We are investors in Prosper, Mozido and Remitly which are all fin-tech and I believe impactful. Prosper provides people access to debt capital that can’t be serviced by banks, Mozido provides mobile wallet services to under banked and Remitly allows people to cost-effectively send money home to their relatives.
I think there a lot of different definitions of impact investing. We fundamentally believe that the best way to have an impact or change the world is to build a sustainable business whether it be for-profit or non-profit. We are investors in Prosper, Mozido and Remitly which are all fin-tech and I believe impactful. Prosper provides people access to debt capital that can’t be serviced by banks, Mozido provides mobile wallet services to under banked and Remitly allows people to cost-effectively send money home to their relatives.