- The Refugee Investment Network sees a link between the resiliency required to start a business and the resiliency required to flee a lifelong home and resettle in a new country. In 2019, there were more than 70 million refugees — about 1% of the entire global population.
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The Refugee Investment Network launched in 2019 to connect refugee-led and refugee-supporting ventures with capital. The impact investing and blended finance collaborative sees a link between the resiliency required to start a business and the resiliency required to flee a lifelong home and resettle in a new country — which more than 70 million refugees and other displaced people around the world, about 1% of the entire global population, have done.
One year later, and in the thick of an unprecedented global pandemic, refugees are among the entrepreneurs struggling to access support for their enterprises, in large part because their citizenship status may render them ineligible for support from national relief packages.
In Other News: Payfazz, PPP and ‘E-waste’
Publicly-traded companies need to brace themselves for (or pre-emptively address the concerns of) more activist campaigns in Q3. Fintech startup Payfazz raised a $53 million Series B to expand access to basic financial services in Indonesia — where another program is driving disability inclusion through creative entrepreneurship. How can PPP be more effective? “E-waste” is the next big environmental problem. Autonomous space robots are kind of scary.