June 2025

planet over profit

Social Enterprises vs. Nonprofits: What is the difference?

In the modern, purpose-focused world, traditional boundaries between doing good and doing business are becoming less clear. Organizations are not evaluated only based on profits but rather how much of an impact they are having on society. In this new world, two models are quickly emerging as pathways of choice for creating change: nonprofits and […]

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Acumen Invests $1 Million in Somalia’s Kims to Expand Off-Grid Solar

Lighting the Way for Rural Energy Access Acumen has announced a $1 million equity investment in Kims Energy, a Somalia-based company providing affordable off-grid solar solutions to underserved communities. The investment will support Kims in scaling its operations across rural Somalia, where millions still lack access to reliable electricity. You can read more directly on

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tbc

Triple Jump Invests $12.5 Million in Mobile-Only Bank to Boost Financial Inclusion in Uzbekistan

A Digital Leap for SMEs and Women Entrepreneurs Netherlands-based impact investor Triple Jump has committed $12.5 million in equity to TBC Bank Uzbekistan (TBC UZ), the country’s leading mobile-only bank. The investment will support the expansion of financial services for underserved segments, particularly small and medium-sized enterprises (SMEs) and women-led businesses, where credit access remains limited.

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ai for good

Sweden’s Norrsken Commits €300 Million to AI ‘for Good’

The Norrsken Foundation has pledged €300 million to support European startups applying artificial intelligence to social and environmental challenges. This marks a significant pivot from conventional venture capital approaches that prioritize short-term financial returns over long-term impact. A Shift Toward Purpose-Driven Investment Founded by Klarna co-founder Niklas Adalberth, Norrsken has grown into one of Europe’s

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water africa

European Development Agencies Back €150 Million Water Project in Tanzania

Major Upgrade for Water and Sanitation in Mwanza Region On June 20, 2025, Team Europe celebrated the inauguration of the Butimba Water Treatment Plant, completing a €150 million investment in Tanzania’s Lake Victoria Water and Sanitation (LVWATSAN) program. The initiative delivers clean drinking water to approximately 450,000 people and improved sanitation services to more than

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This Mumbai Startup Is Building a Safety Net for India’s Gig and Blue-Collar Workers

Entitled Solutions, a Mumbai-founded fintech and benefits platform, is changing how low-income workers across India access essential financial and healthcare services. The company partners with employers and gig platforms such as Swiggy and Domino’s to provide salary advances, personal and medical loans, health insurance plans, savings tools, government scheme enrollment, and rewards. All services are

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