Pact Ventures invested subordinate debt in a fintech company expanding financial inclusion through alternative credit algorithms for informal borrowers. Through this investment, Pact aims to expand services for communities with which it works by exploring broader partnerships to increase access to formal financial inclusion.
In partnership with Pact's Mines to Markets program and innovation unit, Pact Ventures provided a forgivable grant investment to launch Moyo Gems, a market-based sustainable gemstone platform to empower female gemstone miners with training and selling opportunities to international buyers. By developing an end-to-end solution leveraging traceability technologies, Pact aims to create pricing transparency and incentives for safe artisanal small-scale mining practices. Following its initial startup capital, Pact Ventures is exploring revenue generation models for long term financial sustainability.
Health and financial inclusion
Pact Ventures invested as a limited partner in an impact fund focused on +30 health and financial inclusion companies providing products and services for base-of-the-pyramid consumers in Africa and Asia. Through this investment, Pact intends to co-design new solutions with portfolio companies, leveraging Pact’s programs and infrastructure to scale impact.
Pact Ventures invested Series A equity in a company that designs and manufactures off-grid solar appliances and income-generating solutions for base of the pyramid customers. Its affordable, modular solar home systems, lifestyle and productive-use appliances improve health, environmental, and livelihood outcomes. Through this investment, Pact is leveraging its on-the-ground presence to provide communities with access to affordable, reliable energy.
Pact Ventures structured a strategic partnership with a medical diagnostics company operating in marginalized communities in urban and peri-urban areas. Through this partnership, Pact aims to improve access to health screening and diagnostics services that are crucial for broader health outcomes in the marginalized communities we serve.