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Non-Profit Foundation
socialfinance.org

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Investments

1

Funds

2

Partners & Customers

3

About Social Finance

Social Finance partners with governments, nonprofits, foundations, impact investors, and financial institutions to create innovative financing solutions to improve social outcomes.

Social Finance Headquarter Location

10 Milk Street Suite 1010

Boston, Massachusetts, 02108,

United States

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Latest Social Finance News

Kita Jaga, a Malaysian Social Mobile App, to Raise Funds via GlobalSadaqah, an Islamic Social Finance Platform

Sep 8, 2021

Kita Jaga, a digital social mobile app meant for supporting individual consumers and families that may have been affected by the COVID-19 crisis, is planning to secure RM 200,000 (appr. $48,500) via a charity crowdfunding campaign to be conducted on GlobalSadaqah. GlobalSadaqah is an Islamic social finance platform that aims to support corporate social responsibility, Zakat (donating to charity) and Waqf (philanthropy) management. As first reported by Fintech News Malaysia, the capital acquired will be used to improve the project’s overall sustainability and financial viability and to further scale its business operations. In addition to the Malaysian platform, Kitajaga App founder Reza Razali stated that the team has also received many requests to assist with setting up platforms in other Southeast Asia-based nations such as Bangladesh, Vietnam, Philippines , and Thailand . Due to the growing demand, the platform’s developers intend to introduce an updated version of their local app, a localized version in the Philippines, and then five other markets in the next few months. The Kita Jaga app has reportedly been developed by local developers at Terato Tech, a Malaysia-based full-service mobile app development firm (amid  the white flag movement or #KibarBenderaPutih). The web-based app has initially been created to test out or determine whether the concept of putting up a white flag on a digital map, with a call to action, would make it easier for individuals to get assistance. Since introducing its platforms a couple months ago, the app has been able to improve the accessibility and visibility to individuals and their families who may be in need of aid, but were impacted by the movement control order (MCO) restrictions (enforced due to the COVID outbreak). A donation drive on the platform received a lot of support from the general public, securing over RM100,000 in only two weeks. With the capital, they created and deployed various new features in order to enable the direct purchase and delivery of essential products and food items to beneficiaries (and improvements to user privacy and security). Since going live in July of this year, the Kitajaga pap has reported around 1.5 million unique visitors, identified 96,059 white-flags raised on the platform and 20,000 individuals offering assistance. Donors are able to take part in the campaign by making donations starting from as low as RM10. Reza Razali, Founder of Kita Jaga, stated: “We recognized that there was not only demand and need to scale and expand, but also a real path to sustainability, and that is the reason why we decided to partner with GlobalSadaqah to launch this campaign. Our decision to partner with GlobalSadaqah was due to it being one of the leading charity crowdfunding platforms in the region, and from there, we felt that there was a natural synergy.” Sponsored Links by DQ Promote

Social Finance Investments

1 Investments

Social Finance has made 1 investments. Their latest investment was in Alchemy Code Lab as part of their Unattributed on January 1, 2021.

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Social Finance Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/13/2021

Unattributed

Alchemy Code Lab

$5.8M

Yes

1

Date

1/13/2021

Round

Unattributed

Company

Alchemy Code Lab

Amount

$5.8M

New?

Yes

Co-Investors

Sources

1

Social Finance Fund History

2 Fund Histories

Social Finance has 2 funds, including India Impact Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

India Impact Fund

1

India Education Outcomes Fund

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$99M

10

Closing Date

Fund

India Impact Fund

India Education Outcomes Fund

Fund Type

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Status

Amount

$99M

Sources

1

10

Social Finance Partners & Customers

3 Partners and customers

Social Finance has 3 strategic partners and customers. Social Finance recently partnered with JFF on June 6, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

6/27/2017

Partner

JFF

United States

1

2/18/2015

Partner

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10

12/30/2013

Partner

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10

Date

6/27/2017

2/18/2015

12/30/2013

Type

Partner

Partner

Partner

Business Partner

JFF

Country

United States

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News Snippet

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Sources

1

10

10

Social Finance Team

2 Team Members

Social Finance has 2 team members, including former Chief Operating Officer, Lisa Barclay.

Name

Work History

Title

Status

Lisa Barclay

Bridges Fund Management

Chief Operating Officer

Former

Mazie McLeod CPA MBA

Controller

Former

Name

Lisa Barclay

Mazie McLeod CPA MBA

Work History

Bridges Fund Management

Title

Chief Operating Officer

Controller

Status

Former

Former

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