Zeal Capital Partners announced the launch of its Inclusive Investing™ strategy anchored by PayPal and investors such as The Alfred P. Sloan Foundation, a university endowment, family offices and notable business leaders. Zeal Capital Partners invests in high-growth early-stage businesses at the intersection of Financial Technology and the Future of Work. Zeal’s investment strategy is centered around its market-backed Inclusive Investment™ strategy which focuses on the $4.4 trillion of untapped economic opportunity due to under-investments in businesses led by diverse management teams.
Zeal Capital Partners Announces $22.3 Million close Anchored by PayPal
“When more than 40 million Americans are unemployed and less than 30% are ‘financially healthy,’ it’s abundantly clear that we need more businesses delivering solutions to bridge the wealth and skills gap at scale,” said Nasir Qadree, Founder and Managing Partner of Zeal Capital Partners. “Our market-backed Inclusive Investing™ strategy best positions us to source, invest, and scale high-growth early-stage businesses all over the U.S., beyond the traditional geographic hotbeds of venture capital activity,” Qadree said.
Esusu, a fintech company, is Zeal’s first investment and a prime reflection of its Inclusive Investing™ strategy. Led by a diverse management team, Esusu is on a mission to increase consumer credit scores, lower eviction rates, and fill vacancies by leveraging differentiated data and insights. “Leveraging the data that they are gathering, Esusu will seek to become the gold standard for assessing creditworthiness in the U.S. and globally,” says Qadree.
“PayPal believes that access to financial services creates opportunity,” said Mario Ruiz, who led PayPal’s investment in Zeal’s new strategy. “PayPal has made a commitment to fight racial and economic inequality,” said Ruiz. “Partnering with founders in the U.S. in which funding is otherwise scarce is one way in which we can combat inequality,” said Qadree.
“We believe that science, technology, engineering, mathematics and economics are chief drivers of the nation’s health and prosperity, and if not made more accessible and inclusive these become the very drivers that create inequality and hold communities back,” said Elizabeth Hewitt, Chief Investment Officer of the Sloan Foundation.
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