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The UN's Venture Fund is putting its money where its mouth is, in the form of three new startups it says are bringing "social impact and results for children" to some of the world's poorest countries.
The startupsRumsan in Nepal, Xcapit in Argentina, and Tilli in Sri Lankaare using blockchain and artificial intelligence to solve some of the world's most pressing problems, including providing access to financial services for the underbanked and increasing transparency and accountability in humanitarian aid delivery, TechCrunch reports.
In Nepal, for instance, the companies say they've used blockchain to manage digital cash and voucher assistance, while in Argentina, they've used cryptocurrency to offer financial planning and savings tools to the unbanked and underbanked.
In Sri Lanka, the companies say they've developed a low-cost, low-connectivity digital wallet for feature phones that allows even those without advanced smartphones or stable internet connections to participate in the digital economy.
The startups will receive up to $400,000 in growth funding, available in both fiat and cryptocurrency.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Mayor Richard Parker visited Colebridge Trust in Solihull to see first hand how it's helping hundreds of people find jobs.Colebridge Enterprises has provided over 500 paid jobs and work experience...more
All Individuals First Receives Grant For $1,000 From Los Alamos Community Foundation.The grant is part of the Foundation's 10 for 10 Anniversary Celebration.All Individuals First is a non-profit that...more
Foundation: Madison Community Foundation
The Bike Bus fund supports the purchase of the vehicle, the cost of a wrap, an insurance fund and a gas and maintenance fund.We'll also use it to transport volunteers to bike donation drives outside...more
Building Trust: Officer Jade Ford's Youth Program Gives Aledo Teens A Voice.Mark your calendars for Saturday, March 22, 2025, and join us.The Rockridge FFA Annual Banquet will be held at 6 p.m.,...more
The summer 2025 program offerings meld the arts with science and technology training.The six-week program serves youth ages six through 18 via the visual arts, dance, band, and orchestra.The program...more
The John Marsden Prize for Writing for Young Adults will be awarded next year, honouring the late, great literary legend who passed away last December.Marsden started his career as a teacher before...more
Nominations are now open for the 35th annual Community Leadership Awards.The awards are sponsored by Bellevue Youth Link, a city youth leadership program.The Bellevue School District provides support...more
Foundation: Grand Haven Area Community Foundation
Brooke Oosterman, executive director of Housing Next, is wrapping up three years at the organization this week.She accepted the position of vice president of youth development for the YMCA of Greater...more
Stachen Lett-Frederick is the CEO Championing Youth Mentorship and RBC Canadian Women Entrepreneur Awards Social Change: Regional Impact Winner.She is also the co-founder and CEO of the RBC...more
Foundation: Lilly Endowment
Mady Westerhouse is Vice President of the Youth Philanthropy Council (YPC) YPC is a youth-led initiative dedicated to cultivating philanthropy and leadership among students.Mady is particularly...more
Youth News from...
Madison Community Foundation
Grand Haven Area Community Foundation
Lilly Endowment
Bloomberg Philanthropies
California Community Foundation
Citi Foundation
Kansas Health Foundation
Cattaraugus Region Community Foundation
Lapeer County Community Foundation
Community Foundation of Abilene
Social Entrepreneurship
Spotlight
A £11.5 Million Fund to Develop Northeast England’s Social Investment
Established by Big Society Capital and the Northern Rock Foundation, the North East Social Investment Company is soon to be launched for lending by mid-2014.
