PayPal has announced it has invested in Sweef Capital’s Southeast Asia Women’s Economic Empowerment Fund and Quona Opportunity Fund to support their shared mission to advance women’s inclusion in the global economic and financial system.
The investments are part of PayPal’s 2021 US$108 million commitment under the UN Generation Equality Forum to advance financial inclusion and economic empowerment for women and girls. They are the first of the company’s forthcoming US$100 million in capital investments into funds and other initiatives that are led by women or focused on serving women.
“When women are economically empowered, they not only elevate themselves – they also enrich their families and communities, and propel the global economy forward,” said Gabrielle Rabinovitch, PayPal’s Acting Chief Financial Officer. “Through our strategic investments in Sweef Capital and Quona Opportunity Fund, which are committed to catalyzing enduring change across vital global markets, we will forge new pathways of opportunity and help advance women in the global economy.”