Predict your next investment

Non-Profit Foundation
uncdf.org

See what CB Insights has to offer

Investments

3

Partners & Customers

7

About U.N. Capital Development Fund

UNCDF promotes economic development in the least developed countries.

U.N. Capital Development Fund Headquarter Location

Two UN Plaza

New York, New York, 10017,

United States

212-906-6565

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest U.N. Capital Development Fund News

UN, Sierra Leone Launch Blockchain-Based ‘Credit Bureau of the Future’

Sep 28, 2018

Sierra Leone’s president, Julius Maada Bio, announced a new initiative to create a blockchain-based credit bureau in partnership with the U.N. Sierra Leone’s president, Julius Maada Bio, announced a new initiative to create a national, blockchain-based credit bureau in partnership with the U.N. and tech non-profit Kiva 716Total views News Sierra Leone’s president Julius Maada Bio announced a new initiative to create a national, blockchain -based credit bureau. The announcement took place at the 73rd Session of the U.N. General Assembly (UNGA) Thursday, September 27. The president presented the project as being poised to “radically transform” the country’s financial inclusion landscape. The initiative is reportedly the result of a partnership between technology non-profit Kiva, the U.N. Capital Development Fund (UNCDF), and the U.N. Development Programme (UNDP). At its center is a distributed ledger (DLT) system, dubbed ‘Kiva Protocol,’ that has been designed to create a secure, national digital identification system for citizens. The new system is intended to tackle two major barriers that many citizens face when they attempt to access financial services – these being a lack of both formal identification and a verifiable credit history. As the press release outlines: “Currently, unbanked people cannot leverage financial transactions from the 'informal economy,' such as credit with a local shopkeeper, to build their credit history. The Kiva Protocol will capture a wide range of financial transactions … to help people access the financial services they need, including loans for businesses, education or basic medical services.” Using a blockchain system will further ensure that the country’s citizens retain “secure and complete ownership of their personal data and information,” as it offers a distributed alternative to storing individuals’ identity data in proprietary, centralized data silos. Xavier Michon, Deputy Executive Secretary of UNCDF, is quoted as saying that the new system “could serve as a model for both developing and developed nations in the future,” and will represent one of the most advanced and secure credit bureaus in existence. Prior to this project, Kiva claims to have already crowdfunded over $1.2 billion in loans for people across more than 80 countries, and is reportedly currently working to build a blockchain-based system to record these transactions. For its part, the U.N. has long been exploring multiple – largely humanitarian – use cases for blockchain, beginning with its use of the Ethereum blockchain to transfer coupons based on cryptocurrencies to refugees in Syria. Earlier this month, Cointelegraph reported that the blockchain lending and borrowing platform Celsius Network will be managing the Sustainable Development Goals Impact Fund (SDG Impact Fund) within the U.N.’s Sustainable Development Goals initiative.

U.N. Capital Development Fund Investments

3 Investments

U.N. Capital Development Fund has made 3 investments. Their latest investment was in GoGet as part of their Grant on July 7, 2019.

CBI Logo

U.N. Capital Development Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/19/2019

Grant

GoGet

$0.02M

Yes

1

9/21/2016

Grant

Subscribe to see more

$99M

Subscribe to see more

10

9/24/2012

Grant

Subscribe to see more

Subscribe to see more

10

Date

7/19/2019

9/21/2016

9/24/2012

Round

Grant

Grant

Grant

Company

GoGet

Subscribe to see more

Subscribe to see more

Amount

$0.02M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

10

10

U.N. Capital Development Fund Partners & Customers

7 Partners and customers

U.N. Capital Development Fund has 7 strategic partners and customers. U.N. Capital Development Fund recently partnered with SENTBE on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/12/2021

Vendor

SENTBE

South Korea

STARTUP FOCUS: Sentbe joins UNCDF to smarten up finance for migrant workers in Korea2021.07.12 13:35

`` Sentbe strongly believes that we can make a real positive impact by helping our migrant users improve their financial health along with our product and service in partnership with UNCDF , '' said Choi Seong-ouk , chief executive of Sentbe .

1

3/12/2021

Partner

BBOXX

United Kingdom

Subscribe to see more

Subscribe to see more

10

11/12/2020

Partner

SympliFi

United Kingdom

Subscribe to see more

Subscribe to see more

10

8/24/2020

Partner

GHL Systems Berhad

Malaysia

Subscribe to see more

Subscribe to see more

10

6/18/2019

Partner

Alliance for Financial Inclusion

Malaysia

Subscribe to see more

Subscribe to see more

10

Date

7/12/2021

3/12/2021

11/12/2020

8/24/2020

6/18/2019

Type

Vendor

Partner

Partner

Partner

Partner

Business Partner

SENTBE

BBOXX

SympliFi

GHL Systems Berhad

Alliance for Financial Inclusion

Country

South Korea

United Kingdom

United Kingdom

Malaysia

Malaysia

News Snippet

STARTUP FOCUS: Sentbe joins UNCDF to smarten up finance for migrant workers in Korea2021.07.12 13:35

`` Sentbe strongly believes that we can make a real positive impact by helping our migrant users improve their financial health along with our product and service in partnership with UNCDF , '' said Choi Seong-ouk , chief executive of Sentbe .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

10

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.