Sitawi Finanças do Bem online investment platform

Overview:

• Sitawi Finanças do Bem, which was created to develop financial solutions for social impact projects, structured an online investment platform.
• This is believed to be the first Brazilian online investment platform that will allow people to invest directly in social and environmental impact businesses.
• The businesses selected to participate in the first round of investing include UpSaúde (which aims to improve public health communication), Orgânicos in Box (which aims to provide organic food at lower prices), CoopSertão (which aims to strengthen family agriculture and is expanding a fruit pulp factory), Stattus4 (which aims to develop software to detect leaks in water supply networks) and Inteceleri (which focuses on math educational technology).
• Many expect that social impact investing will increasingly be a trend in Latin America. In April 2018, São Paulo-based Grupo Gaia issued debentures for low-income housing. Additionally, Buenos Aires recently launched Argentina's first social impact bond and Banco Pichincha recently launched the first social bond in Peru. 

Rani Mehta - Latin America Editor