In late 2016, a startup called impak Finance launched with an ambitious mission: to create Canada’s first socially responsible bank. Impak raised more than $1M in a novel equity crowdfunding campaign, offering actual shares in its ownership to anyone who believed in the possibility of a new social economy.
Their vision was to turn the traditional functions of a bank—to take in deposits and investments, and lend out to borrowers—into one that factors in social, environmental, and financial returns.
For a few hundred dollars, I joined hundreds of others and became a shareholder in this new venture.
One year la
Our social impact coverage and insights enrich thousands of change makers like you everyday. Sign up for a free account with Future of Good to continue reading this series.
Already have an account? Sign in.