Economic Opportunity
Endurance28 wants to help build a better world in which healthy people live on a healthy planet. For that to happen, individuals must have access to a healthy economy. That’s why we made Economic Opportunity one of our three investment pillars. By partnering with entrepreneurs who are building innovative solutions to societies’ biggest problems, and providing people with meaningful work and access to financial services, we help ensure a profitable and productive future for everyone.
Despite technological advances in computing power, artificial intelligence, robotics and biotechnology, a large percentage of society still lacks access to common tools that provide personal fulfillment and opportunities for advancement. Economic inequities are pervasive in even the richest countries. Almost 6 million U.S. households are unbanked, while nearly 19 million households are underbanked, meaning they have a bank account but regularly use alternative financial services.
If categorized as a single country, Latin America would have the third-largest GDP in the world. Yet inequality and poverty remain high there, with the top 1 percent of the population holding 46 percent of the wealth. But the Latin American market is primed for massive innovation and growth. In the last few years, internet penetration has surpassed that of China and India, and is now approaching that of developed countries. This increased digitization is providing new economic opportunities for many of the region’s 668 million people.
Endurance28 empowers the next generation of entrepreneurs who are solving difficult problems by reshaping the way we live and work with technology-based solutions.
Endurance28 empowers the next generation of entrepreneurs who are solving large, difficult problems by reshaping the way we live and work with technology-based solutions. One example is Fiado, a fintech startup that has proprietary technology and an innovative business model to provide financial services to migrants in the U.S. and their families in Latin America. This solution is bringing trust, security and control to families who, historically, were impeded from achieving economic independence due to a lack of adequate financial services. Another company in our portfolio, Jüsto, offers an e-grocery platform that is democratizing the grocery supply chain in Latin America, empowering small and medium producers by giving them the ability to sell their products online while providing consumers with access to fresher foods at the same price.
The global economy faces many complex and interconnected challenges, from financial inclusion and inflation to supply chain disruptions. Endurance28 is committed to empowering visionary entrepreneurs who are building innovative business models that harness technological advancements to address some of the world’s biggest economic challenges.