Dealstreet Asia - Despite growing interest in Impact Investment, there’s been a lack of focus in emerging markets, particularly in Southeast Asia and in Joost’s recent conversation with DealStreet Asia, he reaffirmed the company’s stance that “Double Delta will strive to grow the capital base allocated to impact investments” .
Business Times - Over the past couple of years, investing for impact has gained traction, as more investors seek avenues for their investments that not only generate financial returns but also yield a social and/or environmental good.
Business Times - UOB Venture Management (UOBVM), the private equity arm of UOB, in collaboration with Credit Suisse, has raised more than US$60 million at the first close of its second impact fund that looks to improve the well-being and livelihoods of low-income communities in South-east Asia and China.
The Straits Times - Impact investing is catching on, even as the pandemic has caused greater poverty, unequal access to healthcare and climate risks. Impact investors, part of the wider sustainable investing universe, actively direct capital to ventures likely to make both measurable social or environmental impact and profits - ones that deliver a "double bottom line".
Business Times - There is a huge, untapped market opportunity in Asia, driven by under-served populations. Today, there are over one billion people in Asia who live in poverty. Yet, they are already spending over US$2 trillion annually on basic goods and services such as food, housing, clothing and telecommunications.
Deal Street Asia: World Bank Group member International Finance Corporation (IFC) has proposed investing $25 million in loan to the special purpose (SPV) to be set up by Indonesian fintech firm Amartha Nusantara Raya's (Amartha) P2P lending platform.
Business Times - Ruangguru co-founder Iman Usman is a firm believer that access to education is a ticket to improving one's quality of life. (...) Usman is the youngest of six children and the first in his family to graduate from college.
Bloomberg - Bill Gates and Former Bass Guitarist Aim to change health care.
The largest tutoring application in Indonesia Ruangguru won the prestigious ITU Global Industry Awards 2019 award in Budapest, Hungary