In pursuit of our mission to democratize financial services and improve the financial health of individuals and businesses around the world, PayPal is working to support early-stage FinTech startups with innovative solutions for the financially underserved. One of our key partners in this endeavor is Village Capital, a leading organization that finds, trains, and invests in often overlooked early-stage entrepreneurs around the world who are solving tangible real-world problems and addressing financial health challenges.
Village Capital uses a unique peer-selection process to award seed capital to the top venture(s) among a cohort of entrepreneurs who are devising a variety of financial health solutions, including robo-financial planning, earthquake insurance, closed savings and lending platforms for the workplace, and certification services for minority-owned businesses. PayPal partners with Village Capital’s FinTech investment-readiness program in the U.S., Latin America, sub-Saharan Africa, and India.
Since 2014, our employees have offered their time and expertise to provide customized mentoring support to the investment-readiness program through workshops on business plans, pitch practices, mock advisory board meetings, and many more topics. Altogether, Village Capital and PayPal have directly aided 68 ventures, helping those companies go on to generate over $4.4 million in revenue, raise over $43 million in investment capital, and create more than 300 jobs.*
Learn more in the video above and on our collaboration page, and stay tuned as we share more about our programs going forward!
*Data sources: Village Capital, and the Global Accelerator Learning Initiative (an academic partnership between Village Capital and Emory University). Impact data cover the duration of the partnership to date, from 2015 to 2017.