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Financial Gap

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Private Equity Fund Alitheia Raises $100M To Support 'Gender-Diverse Businesses' In Africa

Women-focused private equity fund Alitheia IDF has raised $100 million to support “gender-diverse businesses” in Africa. This news follows just one year after raising $75 million, TechCrunch reports. Participating investors include the African Development Bank, Bank of Industry Nigeria, FinDev Canada, Dutch Good Growth Fund, and the European Investment Bank. Closing the round, European Investment Bank (EIB) committed $24.6 million. The goal of the funding is to combat the present financial gap for women-led businesses in the continent. According to a report, “Female single founders and female-only founding teams have raised less than 1% of the total raised on the continent this year so far.” “Globally, women have tremendous purchasing power as consumers and controllers of household economics. In the same vein, women entrepreneurs have a significant presence in Africa’s SME sector with African women making up 58% of the continent’s self-employed population. However, despite this...

Dec 16, 2021

Next Gen Personal Finance Pledges $1M To Close The Personal Finance Education Gap In U.S. Classrooms

Here’s to a better future! According to PR Newswire, Next Gen Personal Finance (NGPF) has launched the Mission: 2025 Challenge with a goal of giving 100% of high school students access to a personal finance course by the year 2025. NGPF is now a “one-stop-shop” for more than 45,000 educators that are looking for an engaging personal finance curriculum to equip students with the skills they need to thrive in the future. The leader in financial education in middle and high schools across the U.S. will launch new one-semester personal finance courses in the next school year. Participating high schools will receive $1,000 grants with $1 million to be awarded. Grants are designated for exclusive use in the new personal finance courses including, but not limited to, field trips, professional development, and technology upgrades. “1 in 3 U.S. high schoolers does not have access to a personal finance course in school today,” said NGPF co-founder Tim Ranzetta.”Given the eagerness of...

Apr 9, 2021