“Our partnership with PayPal has added tremendous value to entrepreneurs participating in our programs, thanks to the company’s intrinsic values and focus on improving the financial health of global citizens. Entrepreneurs who have joined our programs have benefited hugely from the expertise of their incredibly talented team,” added Baird.
In the US, the first program this year will be Village Capital: Fintech US 2017, for entrepreneurs creating accessible, efficient, and affordable financial services for underserved communities and small businesses. The workshops will take place this summer in Detroit, New York City and San Francisco.
PayPal employees have been involved as mentors on Village Capital programs since 2014, contributing to the success of more than 70 businesses that have gone on to serve more than 31,000 companies and raise more than $28 million in investment. PayPal has funded four of these programs, including a program in India in 2015 and programs in the US, Mexico and India in 2016.
“At the heart of PayPal’s mission is our commitment to democratize financial services and help improve the financial health of families and small businesses around the world. Through this collaboration, we are supporting Village Capital’s global efforts to inspire and support social impact entrepreneurs who are addressing financial health challenges by developing community-based solutions that assist those that are currently underserved by the global economic system,” shared Franz Paasche, Senior Vice President, Corporate Affairs, PayPal Inc.