Creating a more inclusive economy is a pressing challenge. Acknowledging that, Omidyar Network has spun off its financial inclusion initiative into a standalone venture firm. Called Flourish, it backs entrepreneurs forming impact-oriented financial services ventures and continues the work of the past twelve years as part of Omidyar Network—including its existing $200 million portfolio. Flourish will […]
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Arizona has become the first state to create a regulatory “sandbox” for financial innovation—a safe harbor of sorts that allows financial-tech startups to test out new products, services and business models without getting bogged down in costly regulations. Similar sandboxes have been set up in the UK, Singapore, United Arab Emirates and Australia to encourage […]
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There are millions of people in the U.S. who never know from week to week whether they’re going to have enough money to pay their bills. Some work for fast food restaurants, large retailers or other employers who frequently change their schedules, reduce their hours without warning or even send them home if demand is […]
Technology has been reshaping finance over the past few years, and Dara Albright has been in the thick of it, producing insightful webinars, events and conferences, such as LendIt, the massive online lending expo she helped to launch. Her latest production, FinFair, takes place July 29 in New York. With a focus on new investment […]