social entrepreneurs

social entrepreneurs


Belinda Li shares an article that summarizes the key findings from this year’s Social Enterprise World Forum and provides links to more information on each social enterprise solution.

This past September, CiTTA Partnership was thrilled to engage in Social Enterprise World Forum (SEWF) Digital, the world’s first virtual global social enterprise conference. The event had 94 live sessions and masterclasses, attended by over 5,000 participants from over 50 countries spanning all time zones of the globe. The 200 speakers highlighted timely topics within the social enterprise sphere including innovation in job creation, navigating the impact of COVID-19, alternative funding models, youth-led social enterprises, and social enterprises as influencers. There were many notable moments of wisdom during the five-day event. Policy and Research Director, Kate Bailey of Eco-Cycle in Colorado, invited participants to reflect on how to recognize ecosystem gaps and opportunities to tackle waste and challenged leaders to use the social enterprise model to create employment opportunities, educate the public on how to slow down consumption and be more conscious about how we consume, and live more sustainably.

In the panel “Creating a Social Value Marketplace,” Arielle Johnson from Fierce Staffing in Detroit remarked that social enterprises can be more inclusive by offering equity to their employees to create intentionality and a pathway for upward mobility. Audrey Tang, Taiwan’s Digital Minister, shared innovative insights on how we can use humor to combat misinformation about COVID-19 and that inclusiveness is about seeing everyone’s opinion with equal importance.


Key topics highlighted include:

  • Ecosystem gaps and opportunities
  • Inclusivity and inequality 
  • Helping prisoners return to the workforce


Read the full article, Elevating Society Through Conscious Business: Our Global Discussion on the Impact of Social Enterprises at SEWF Digital 2020, on LinkedIn. 



Neil Bansal shares a post that explores the lack of financial literacy in the US, and asks what can be done about it. 

So how would you rate your financial literacy? If someone asked “True or false: buying a single company’s stock usually provides a safer return than a stock mutual fund”, how would you respond?

 If you incorrectly answered ‘true’ and neglected how diversification lowers your risk versus a single stock, don’t feel too bad. In a comprehensive 2018 survey by the regulatory organization FINRA, less than half of Americans (43%) correctly answered this question ‘false’. Even fewer (26%) correctly knew that bond prices fall when interest rates rise. 

The results of six fundamental questions across economics and personal finance provide a dismal view of financial literacy and a slow but clear decline over time (the survey is repeated every three years). We shouldn’t be surprised by such results. In the same survey only 20% of respondents mentioned participating in any financial education in school or the workplace, yet there is a disturbing gap between self-perceptions and actual financial behaviors and feelings. In the survey when asked “I am good at dealing with day-to-day financial matters, such as checking accounts, credit and debit cards, and tracking expenses”, an incredible 77% rated themselves positively with a 5, 6 or 7 on a scale from 1-“disagree” to 7-“strongly agree”. Within this 77%, almost half gave themselves the highest self-score of a 7 yet nearly a third of this group admitted to costly credit card behaviors such as only paying the minimum balance, paying late fees or even using the card for cash advances! 

Other surveys show similar results and get into the emotional toll it is taking on younger consumers. A 2019 Business Insider/Morning Consult poll showed that more than half of all millennials and Gen X respondents were stressed “some” or “a lot” about their credit card, personal loan or student loan debts.


Points included in this article:

  • Generational banking
  • Fintech
  • Financial education


Read the full article, Is Teenage Banking The Path To Greater Financial Literacy?, on


Umbrex is pleased to welcome Supriya Sen with Singapore Management Consulting.  Supriya has spent five years as a Senior Advisor in the banking and infrastructure practice at McKinsey (since 2015). Prior to McKinsey, she was an advisor and investor in infrastructure project and climate finance where she worked with multilateral, commercial bank and private equity investor clients in India, China, South East Asia and Middle East.

Supriya has particular expertise in digital finance, public private partnership initiatives and platform economics in the context of smart cities. She has been involved in major transformations within banking & financial services, energy and transportation, as well as health and education sectors. She lives in Singapore. Supriya is happy to collaborate on projects in Asia and the Middle East