Gate Global Impact (GGI), a US-based, regulatory-compliant electronic marketplace that focuses on impact investing, has been acquired by Investview, another US-based financial services company [1]. As part of the deal, Investview has also acquired GGI’s Gateway 2.0, a website that enables small and medium-sized enterprises (SMEs) listed on the United Nation’s Global Compact Social Enterprise Hub to access financing for projects intended to produce a financial return while addressing challenges relating to “human rights, labor, environment and anti-corruption.” Investview intends to continue operating the platform through GGI. Mr Vincent Molinari, the chief executive officer of GGI, and Mr Joseph Latona, president of GGI, will join Investview. The financial details of the deal have not been made public.
Investview, which is publicly traded under the ticker symbol INVU, has market capitalization of USD 20 million and reported total assets of USD 327,000 as of March 2014 [2].
By Nisha Koul, Research Associate
About Gate Global Impact: Gate Global Impact Limited (GGI), which was founded in 2010 by Vincent Molinari and Joseph Latona in the US state of New York, is a regulatory-compliant electronic marketplace that provides market infrastructure and related services for the impact investment industry – public and private investments with a sustainable social and/or environmental component that also have the possibility of generating a financial return. Partners of GGI include the United Nations, the Overseas Private Investment Corporation (OPIC), Microsoft, Yunus Social Business Global Initiatives and other financial and technology organizations. GGI is a fully owned subsidiary of Investview, a US-based financial services company.
About United Nations Global Compact: The United Nations Global Compact is an initiative of the United Nations that aims to support businesses that are “committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption.” As of 2014, the initiative has approximately 12,000 corporate participants and other stakeholders from approximately 145 countries.
Sources and Additional Resources:
[1] Yahoo Finance, Investview, Inc. Acquires Electronic Impact Investing Marketplace Technology
[2] Yahoo Finance, Investview Portfolio
MicroCapital Story, October 2014, United Nations Global Compact, Gate Global Impact Launch Gateway 2.0 to Fund Socially Responsible Projects
MicroCapital Story, July 2014, Gate Global Impact, RocketHub, United Nations, US State Department to Launch Crowdfunding Projects in Effort to Improve Access to Finance in Developing Countries
MicroCapital Universe Profile, Gate Global Impact LLC
MicroCapital Universe Profile, United Nations Global Compact
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