SWSW pitch accelerator winner CNote launches their impact savings product that promises 2.5% APY while investing 100% into Community Development Financial Institutions or CDFIs.
Impact investing grew by 18% in terms of assets under management, according to annual report by GIIN, as more social enterprises with innovative products are gaining visibility and as more SDG practices are widely adopted. Financial inclusion and social good-tech are likely to be bigger in 2017.
The startup plans to leverage network effects to "build out the largest digital payment network in the Philippines,” according to its founder Mikko Perez.