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T. Rowe Price is on track to deploy $50 million in deposits to under-resourced deposit institutions through a partnership with CNote, an impact investment fintech. Funds have been directed to community banks and credit unions to distribute the capital to small businesses.
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Representatives from Merck KGaA, Darmstadt, Germany, and CNote recently joined TriplePundit, to discuss how companies can leverage CFIs to deploy social impact investments that make a real difference.
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Join Merck KGaA, CNote and 3BL Media on December 14 at 1 p.m. ET to learn how businesses can use an innovative model to meet their DE&I targets.
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Merck KGaA, Darmstadt, Germany, Partners With CNote To Invest $20 Million in Under-Resourced Communities Tue, 10/04/2022 - 10:20 Type of Content Article Layout Featured Media Body Merck KGaA, Darmstadt, Germany, a leading science and technology company, today announced a $20 million commitment to CNote, a technology-based investment platform. The investment will support economic growth and opportunity in communities across the U.S. by providing capital to support BIPOC-owned (Black, Indigenous,
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Part of Ongoing Commitment to Build a More Sustainable and Equitable Future
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PayPal Holdings, Inc. recently announced it will deposit $135 million of its capital into mission-driven financial institutions and management funds that help underserved communities of color to fight barriers to economic equity, including Hope Credit Union, OneUnited Bank, Self-Help Federal Credit Union, CNote's Wisdom Fund and various smaller institutions through a CNote Promise Account.
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The Wisdom Fund, a fixed income vehicle that increases capital access and lending for women-owned businesses, was created by CNote in partnership with mission-driven lender CDC Small Business Finance and four innovative nonprofits.