Here are six trends of note that occurred in the world of impact entrepreneurship and investing during 2020.
Social Entrepreneurs Rise to the Occasion
Impact enterprises targeting low-income and underserved communities—people most severely hurt by the pandemic—found themselves uniquely positioned to help those populations cope.
Case in point: fintech startup Propel. Its Fresh EBT app/platform helps beneficiaries check their food stamps balances using their electronic benefits transfer (EBT) card, get grocery discounts and find jobs. In mid-March, it teamed up with nonprofit GiveDirectly to pilot a program sending payments of up to $1,000 to households receiving Supplemental Nutrition Assistance Program (SNAP) benefits.