Venture Capital Firm Focuses on Female EntrepreneurshipBy Sofía Hanna | Thu, 03/18/2021 - 14:00
Amplifica Capital, a venture capital fund based in Mexico City, announced the successful closure of a capital funding round. The objective of this fund is to become the first venture capital firm to work under a female-first model. “For us, it is a holistic concept. It does not just mean creating environmentally-friendly businesses but also using the tools for economic, environmental and social sustainability in the long term,” said Anna Raptis Founder of the Raptis Group MBN.
The group aims to invest in SMEs with disruptive models that use technology as a tool to solve the socio-economic and environmental problems in Latin America. “Investing with a gender perspective, so more capital flows toward companies led by women or that serve the needs of women should be seen as an economic growth strategy,” said Raptis. Over the last century, countries around the world gave women fundamental economic, political and social rights. However, during the last few years, progress on gender equality has slowed down, so this brings new opportunities for women.
Interested in more? Here are the week’s major headlines in Finance!
- President Joe Biden aims to implement a relief package expected to stimulate the US economy, which will most likely strengthen Mexico’s economy as well, said Alejandro Díaz de León, Governor of the Bank of Mexico (Banxico), at the 84th edition of the National Banking Convention. Eduardo Osuna, Director General of BBVA Mexico, showed himself optimistic about President Biden’s measures and projected a higher than 3.2 percent US GDP growth.
- The most recent BofA Securities survey showed that 40 percent of participants are concerned about the investment that will come to Mexico due to the Mexican government’s decisions. New concerns are now arising from the current government’s decisions and how they could affect the investments that enter the country, as mentioned by El Economista. Forty percent of participants believe that Mexico will lose its investment grade. In the same survey, the results showed that 84 percent of those surveyed consider that the delay in vaccination could hinder regional recovery, a figure that contrasts with the 70 percent with this same perception in the previous month.
- E-commerce company Wish began trading this Tuesday through the International Quotation System (SIC) of the Mexican Stock Exchange (BMV). Wish is an app that allows users to create “wish lists” of products sold by different small retailers. In Mexico, local investors will now be able to buy shares from the company under the keyword ‘WISH’. With the listing of Wish, SIC now offers 108 securities, including Marriott, Epson and Miniso.