Heard on the Street: a hub for financial inclusion, Chicago’s new bank start-up, and a growing fund for entrepreneurs of color

By September 30, 2019 Heard on the Street

Heard on the Street – here’s what we were reading last week:

Kiva’s Crowdfunding Platform Transforms Into Hub for Impact Investing and Financial Inclusion: Kiva’s new strategy extends far beyond the organization’s original mission and legacy as a crowdfunding platform for microfinance. Can it succeed and still retain its original spirit?

First Women’s Bank would be Chicago’s first bank startup in 12 years: The organizers, led by former President Obama’s regional head of the Small Business Administration, seek to create a “different banking experience” for the growing ranks of female business owners.

Entrepreneur of Color Fund grows to $9.1 million: With renewed civic spotlight on rebuilding Chicago’s South and West sides, JPMorgan Chase and Fifth Third Bank announced six other banks and foundations are joining their year-old Entrepreneurs of Color Fund — hiking to $9.1 million the pot available to minority-owned businesses in the city’s neglected areas.

$250 Million Feud Lingers, but Senecas and N.Y. Reach Small Truce: A stretch of highway fell into disrepair as New York and its largest Native American tribe bickered for years. Now, it will finally be repaired.