News Archive | Page 19 of 23 | Flourish Ventures

[CNBC] Most Indonesian gig workers were ‘ill-equipped’ against virus’ economic shock

The coronavirus pandemic has exposed vulnerabilities within Indonesia’s gig economy, says Smita Aggarwal of Flourish Ventures, who calls for a greater focus on building these workers’ livelihood and financial resilience. Watch:

Igniting SDG Progress Through Digital Financial Inclusion

View the full article on Better Than Cash Alliance Are you a decision-maker in government, business, or civil society? We invite you to use this compendium to make digital financial inclusion a priority, whether it is allocating financing to build digital infrastructure, digitizing your payments, or passing regulations to ensure...

[The Jakarta Post] Insight: Hard Hit by COVID-19, Gig Workers Display Grit, Resilience

Originally published on The Jakarta Post on September 10, 2020 COVID-19 has put the resilience of Indonesian gig economy workers to the test. In a new survey, some speak of selling their belongings and burning through savings. Others say they can only afford one or two meals a day –...

Indonesian Gig Workers Impacted By COVID-19, Report Finds

Jakarta, Indonesia —September 9, 2020 — Flourish Ventures today released a new report examining how gig workers in the Indonesian informal economy – ridesharing drivers, online sellers, household services, and delivery workers – are coping with the COVID-19 pandemic. Most have been hit hard, with 86% of respondents reporting a...

[TechCrunch] This Labor Day, spare a thought for the workers who made your doorstep delivery possible

Originally posted on TechCrunch A few weeks ago, I bought a used paperback mystery for $3 via a small online bookseller. Intrigued that the book came with free shipping, I dug in a bit and was shocked to see that my little impulse purchase traveled through seven different distribution hubs...

[Business Day] Flourish Ventures sees mixed impact of COVID-19

By Jumoke Akiyode-Lawanson Arjuna Costa is a Managing Partner, Flourish Ventures, a venture firm of the Omidyar Group, that invests in fintechs and entrepreneurs whose innovations help people achieve financial health. In this interview with Jumoke Akiyode- Lawanson, he talks about the effect of COVID-19 on Nigeria’s tech sector, the...

A tale of two challenger bank models

[TechCrunch] The Tale of 2 Challenger Bank Models

Accelerated by the pandemic and its economic fallout, the tale of retail challenger bank models across the world has been diverging. In the Americas, Albo, Chime, and Uoala have all reported record user numbers as consumers adapted to a “no-touch” economy. Aspiration and Varo announced successful equity fund raising rounds. In Europe, by...

New Survey of South African Gig Workers Reveals Significant Financial and Lifestyle Impacts Since The COVID-19 Pandemic Began

Johannesburg, South Africa—July 29, 2020— Flourish Ventures, a global fintech investor helping people achieve financial wellbeing, today published the South African edition of The Digital Hustle: Gig Worker Financial Lives Under Pressure. The report tracks the experiences of more than 600 gig workers, including those who use digital platforms such...

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[Business Insider] Investors are bullish on tech startups ability to fix income gaps

Originally posted on Business Insider Millions of Americans now find their bank branches closed and their paychecks gone. A new generation of VCs is looking to back financial technology startups that help. Read the full article on Business Insider.

[Business Insider] Meet the 25 investors making waves in the red hot fintech industry

Originally posted on Business Insider These 25 investors are hunting for the next big fintech unicorn. Here's what founders should know before pitching them. Read the full article on Business Insider.

[Forbes] In The Race To Own Retail Finance, The Winners Should Be Consumers

In his latest contribution to the Forbes Finance Council, Managing Partner Tilman Ehrbeck shares his perspective on the rise of TechFin and retail finance, and what that means for consumer protection. New investments and product releases from Apple, Facebook, and others will inevitably lead to renewed competition and innovation. And...

[The Times of India] India offers exciting blueprint for other emerging markets

Originally posted on Times of India Omidyar Network, the family investment office of eBay founder Pierre Omidyar, spun off its financial inclusion investment arm, Flourish Ventures, last year with capital of about $300 million. Flourish focuses on consumer & SME lending, challenger banks, personal finance, insurtech, and some other areas....