Ajay Nagpal | Social Entrepreneurship

Ajay Nagpal, a senior executive in financial services, advocates for the next generation of social change leaders.

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What Everyone Ought to Know About These 5 Social Innovator%2FChangemaker Organizations | Ajay Nagpal

What Everyone Ought to Know About These 5 Social Innovator/Changemaker Organizations

What Everyone Ought to Know About These 5 Social Innovator%2FChangemaker Organizations | Ajay NagpalSolidarity, cooperation, and cultural diversity are cornerstones of social innovation, which centers on meeting the social needs of the public.

A decided focus on fostering community development, education, and health has helped to empower communities, particularly these efforts are coupled with distance learning, online volunteering, activism, and other forms of social purpose innovations.

If you’d like a clear and firm understanding of what it means to be a social entrepreneur or changemaker, please read on to learn a few things about a handful of influential organizations that’s made it their mission to improve initiatives around economic development, racial and gender equity, environmental sustainability, and more.

  1. Ashoka Changemakers | Ashoka Changemakers is a foundation that’s identified what means to be a confident and efficient changemaker. By teaching empathy, teamwork, change-making, and new leadership as the four essential elements of their framework, they highlight explicit an understanding that leading social entrepreneurs can grow communities, businesses, schools, and neighborhoods.
  2. Echoing Green | Echoing Green has supported visionaries for more than three decades. Since they were founded, they’ve helped to address racial and gender equity, environmental sustainability, and they’ve provided seed-funding, leadership development, and fellowship to talented individuals interested in growing the world.
  3. Stanford Social Innovation Review | SSIR is a program that focuses on advancing, educating, and inspiring those in the field of social innovation. Through the distribution of practice-based knowledge and the dissemination of the best research, they offer incredible insight to the public the form of conferences, magazines, podcasts, online articles, and more.
  4. TeachForAmerica | TFA is a leader when it comes to putting education first for our nation’s children. They’ve vowed not only to put more educators into the classroom, but they’ve assembled teachers, principals, social entrepreneurs, politicians, and others to create solutions and bring attention to the lack of resources students face in low-income communities. They’ve helped to strengthen educational equity: enlisting recruits, developing leaders, and mobilizing a network.
  5. Entrepreneurs FNDN | Established in Central Texas, the Entrepreneurs Foundation consists of a group of innovators focused on fostering community-minded company culture. With the help of some entrepreneurs, their businesses, and community members, the collection encourages community involvement, corporate philanthropy, social entrepreneurship, and mission-driven efforts to push for youth empowerment and other important causes.

These five groups are prime examples illustrating that social entrepreneurship is so much more than giving, it’s the techniques by which companies and organizations fund, develop, and implement solutions to environmental issues, cultural issues, and social issues. If you know of any other incredible foundations, organizations, or companies doing great work, please share!

ajay nagpal

Finance Philanthropists Who’ve Shared Their Fortune

There are finance experts who aren’t afraid to spread the wealth.

Wealth management, investments, and studying the dynamics of assets are important parts of economics. The science of money management can be raised to build a business, whether one is educated in public finance, corporate finance, or personal finance. More than that, it’s individuals with this important skill set who have to ability to use their savviness for the purpose of humanitarianism, charity, and altruism. It’s fortunate that many who’ve established themselves as successful in the financial sector turn to philanthropy as a way to demonstrate curiosity and to give back.

Finance philanthropists use donor-advised funds or offer direct gifts to organizations in need. Others sign the Giving Pledge, promising that they will dedicate a great deal of their wealth, approximately half, to that philanthropy. As of March 2017, there are more than 100 self-made moguls and titans who’ve pledged to strengthen and support causes they deem necessary. Many among those who signed the pledge are financiers, who are incredibly generous. Read on to know the names of some of the most charitable financial philanthropists.

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The Overnight Dominance of 27 FinTech “Unicorns”

zenefits_1414602According to the publication Business Insider’s financial sector, there are a number of fintech “unicorns” appraised at over $1 billion, and proving to be an overnight success.

Square and LendingClub are examples of unicorn business making a splash while others (such as Housing.com and Zenefits) are beginning to lose steam. Since this same time last time last year, more Chinese and international fintech companies have claimed overnight dominance, this includes CrunchBase, Funderbeam, and CBInsights. Learn the names of twenty-seven high-valued fintech unicorns that are shaking up the game:  

  1. Rong360, the Chinese financial comparison site, is valued at $1 billion, founded in 2011, and it’s headquartered in Beijing.
  2. China Rapid Finance, the Chinese peer-to-peer lender, is valued at $1 billion, it was founded in 2001, though their online lending services didn’t begin until a full decade later. It is headquartered in Shanghai.  
  3. Zuora, which is a company that provides software that allows companies to easily take subscriptions, is headquartered in San Francisco and founded in 2007. It’s valued at $1 billion.
  4. Coupa Software, a cloud-based spending management tool, was founded in the state of California, founded in 2006. Valued at $1 billion, they raised $169 million.
  5. Jimubox, a Chinese peer-to-peer loan provider, is valued at $1 billion. Founded in 2013, it is headquartered 2013.
  6. Kabbage, an online small business lender, it’s valued at $1 billion. Founded in 2009, it’s headquartered in Atlanta.
  7. The London-based peer-to-peer loan platform for small business Funding Circle is valued at $1 billion. It’s founded in 2009.
  8. Formerly known as ZenPayroll, Gusto is an online payroll tool for small businesses valued at $1 billion. Backed Google Capital, the company  was founded in San Francisco in 2011.
  9. TransferWise, an international money transfer service, is a $1.1. Billion dollar company that’s headquartered in London and founded 2010.
  10. Valued at $1.5 billion, FinancialForce.com sells cloud-based accounting apps. Founded in 2009, the company is headquartered in San Francisco. Hewlett Packard and Lexmark are among the companies that utilize their services.
  11. Prosper, a peer-to-peer lending platform for consumers, is valued at $1.9 billion dollars. Just a little over a decade old, Prosper was founded in San Francisco and it’s backed by former Google CEO Eric Schmidt.
  12. Avant Credit, an online lender, was founded in Chicago, IL. The lending company is valued at $2 billion.
  13. The New Dehli-based One97 runs India’s biggest mobile marketplace and wallet. Valued $2 billion, One97 was founded in 2000.
  14. The $2 billion company Zenefits is a free HR software for small businesses. Headquartered in San Francisco, the company has been around since 2013.
  15. China’s first online-only insurer ZhongAn Insurance is valued at $2 billion. Founded in 2013, the Shanghai-based company was founded by Alibaba founder Jack Ma.
  16. GreenSky, lets businesses offer credit to customers, was founded in Atlanta in 2006. The company is valued at $2 billion.
  17. Klarna, online payment processing, is valued at $2.25 billion. Founded in Stockholm in 2005, Klarna offers payment service to Swedish nationals.
  18. Adyen, an online payment processor , is a $2.3 billion company that has Airbnb, Facebook, Netflix, and Uber as customers. Adyen was founded in Amsterdam in 2006.
  19. Mozido, a mobile payment and wallet provider, is a New York-based company valued at $2.4 billion.
  20. Oscar Health, a digital health insurance, is a $2.7 billion enterprise that was founded in New York in 2013.
  21. Credit Karma, which is a service offering access to free credit scores, is valued at $3.5 billion. The San Francisco-based firm was founded in 2007.
  22. SoFi, a marketplace for student loan refinancing, offers peer-to-peer student loan refinancing, mortgages and other types of personal loans. Located in San Francisco, the $4 billion dollar company was founded in 2011.
  23. Online payment processing service Stripe is valued at $5 billion and it’s used by Twitter, Salesforce.com, Lyft, The Guardian, Kickstarter, and a number of other notable companies. The San Francisco firm was founded in 2010.
  24. Qufenqi, an online electronic retailer that allows Chinese consumers buy electronics in installments, was founded in Beijing in 2014. It’s valued at $4.9 billion.
  25. JD Finance, an online financial service tied to online shopping, is valued at $7 billion. Headquartered in Chaoyang, China in 1998, they were able to raise $1 billion.
  26. Chinese peer-to-peer lender Lufax was founded in Shanghai, and it’s gone on to finance 20,000 loans worth a collective $2.5 billion since it launched in 2011. It’s valued at 428.5 billion.
  27. China’s biggest mobile payment product Alipay Ant Financial was founded in Hangzhou in 2004. It’s valued a whopping $60 billion.

Read the Business Insider article to learn more!

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