Finance
impactMarket wants to become one of the main
countries in the world while driving Defi adoption
contributors to end extreme poverty in the world by
and access to finance among those who need it the
2030 leveraging blockchain technology to reach vul-
most. The investment counted with 12 investors,
nerable communities and people living in extreme
including Celo Foundation, Davoa Capital, Flori Ven-
poverty. Launched in late 2020, the protocol oper-
tures, Eutopia Foundation, Valora, and individual in-
ates on top of the Celo network and claims to be one
vestors such as Diogo Mónica (Anchorage), Marek
of the world’s largest blockchain-based Uncondi-
Olszewski (Celo), Albert Wenger (USV), and more.
tional Basic Income (UBI) systems, with over $1.65 million distributed to almost 25,000 beneficiaries in
The IDO (Initial DEX Offering) reached the $500,000
over 25 developing countries.
goal in just 17 minutes with the $PACT governance token, on Polkastarter in December 2021, which
impactMarket has raised a total of $2.1M ($1.6M
had 2288 participants. $PACT is currently listed
in pre-seed and seed equity rounds, and $500K
on Ubeswap and tracked on CoinMarketCap and
through an IDO), to further develop the protocol and
CoinGecko.
expand into vulnerable communities in the poorest 26
