One of the leaders in venture capital focused on financial inclusion, Omidyar Network, has launched a new initiative it is calling Flourish; the firm will launch with an existing $200 million portfolio and will have an additional $300 million to invest over the next five years; their current portfolio has 40 fintech companies including Chime, Aspiration, LenddoEFL and Neon; Tilman Ehrbeck, one of the three managing partners at Flourish said, “We believe that capital, when deployed to create individual opportunity and change sectors, can shape a more inclusive economy – where everyone does better. That is at the core of Flourish’s mission”. Source.
