Today, as part of President Biden’s initiative to strengthen global infrastructure, USAID launched Digital Invest, a new blended finance program that aims to mobilize private capital for digital finance and providers. Internet Service Providers (ISPs) serving traditionally excluded consumer populations around the world.

This new program under the Digital Connectivity and Cybersecurity Partnership (DCCP) aims to promote diverse competition, advance the use of secure network equipment and bridge the digital gender divide through investments in safe, affordable and inclusive digital services for underserved consumers in developing markets. . Digital Invest provides technical assistance, fund capitalization support and direct portfolio engagement to help financiers support early-stage, high-risk projects and startups with clear development impact, including promotion of gender equality and economic empowerment of women.

In the first year of Digital Invest, USAID will leverage $3.45 million in U.S. government funding to accelerate the mobilization of approximately $335 million through the following Global Development Alliance partnerships:

  • Connectivity Capital is launching an industry impact fund focused on expanding internet access in developing countries, helping ISPs build open and secure digital infrastructure to increase access to affordable broadband.
  • E3 Capital (formerly Energy Access Ventures) seeks to improve access to digital services across sub-Saharan Africa, with part of their fund dedicated to expanding connectivity to foster internet access and use .
  • Integra Partners seeks to empower technology entrepreneurs to access affordable and responsible financial and digital health services across South and Southeast Asia, with the vision that every person and business in the region should be able to manage and improve their financial and physical health digitally and at a reasonable cost.
  • Lendable provides debt financing to financial technology (fintech) companies operating in emerging and frontier markets, with a focus on improving access to credit for small and medium enterprises and supporting the ecosystem digital business.
  • Accion Venture Lab, the investment arm of Accion International, provides seed capital and broad support to innovative and scalable fintech startups that improve the reach, quality and affordability of financial services for the underserved.

Digital Invest is led by USAID’s Center for Innovation, Technology, and Research as part of the U.S. Government’s Digital Connectivity and Cybersecurity Partnership (DCCP), a global, cross-government initiative to promote open digital economies , interoperable, reliable and secure. This year’s partnerships are co-funded by the Department of State’s Bureau of Cyberspace and Digital Policy, USAID’s Hub for Gender Equality and Women’s Empowerment, and the Hub for Innovation, USAID technology and research.

Digital Invest currently has an open call for concepts under USAID’s Global Development Alliance (GDA) APS to explore new partnerships in 2022. Financiers looking to partner with the USAID to mobilize private capital to support digital finance and ISPs in developing markets can learn more at www. usaid.gov/digital-development/digital-invest, with additional questions directed to the Digital Invest team at [email protected]