AsiaIIX

AsiaIIX

IIX bridges the gap between finance and development, carving out a third space for global social and environmental solutions. As a leading pioneer of impact investing in Asia, we build pathways to connect the Wall Streets of the world with the backstreets of underserved communities. We are here to achieve sustainable development and equitable growth through:

  • Working with investors and entrepreneurs to raise capital
  • Empowering our stakeholders with rigorous advice and research for sound actions
  • Pushing the impact investing space from the margins to the mainstream

At a Glance

Innovations0
Members 0
Partners 0

Organization Type

  • Social Impact
  • Social Enterprise
  • Financial Institution

Contact

1 King George's Avenue #05-00
Singapore

T : +65 6221 7051
E : info@asiaiix.com

Organization Mission

The IIX Story

Throughout her life, Professor Durreen Shahnaz experienced the unbearable gap between the worlds of finance and development. Durreen grew up in Bangladesh and the Philippines, and started her career as the first Bangladeshi woman investment banker on Wall Street. She knew the power of businesses and finance. With a desire to use finance for a better world, Durreen made a dive into working with the most underserved of micro-businesses with Grameen Bank. There, she witnessed the struggles of borrowers due to lack of access to markets, which motivated her to create OneNest, a global e-commerce company for local artisanal products, to empower micro-entrepreneurs with access to the global market.
During this time, Durreen experienced the difficulty of raising capital for a mission-driven business to scale. This experience would later inspire her.
While teaching Social Innovation and Entrepreneurship at the Lee Kuan Yew School of Public Policy in Singapore, Durreen wrote about the need for investment to fuel businesses that were uplifting communities and leading to sustainable development. Her writings led her to meeting with the Rockefeller Foundation – a key influencer in the impact investing space, and the inspiration and foundational support for Durreen to take on a leadership role for impact investing in Asia.
At the height of the global financial crisis in 2009, as the world reflected on the true role of financial markets meant for human well-being, Durreen decided to launch herself into the unknown third space for global solutions. In setting up IIX, Durreen conceptualized the world’s first social stock exchange, that would support businesses providing development solutions to scale successfully, and move impact investing from the margins to the mainstream of finance.

Since its founding, IIX has fostered the growth of the impact investing ecosystem in Asia, laying pipelines to connect the dots together with investors, entrepreneurs and innovators. IIX has mobilized more than $13 million worth of capital for development, generating $20 million in social value, and empowering over 10 million lives. Working to bring in new players for the space to thrive, IIX has empowered stakeholders in the public, private and non-profit sectors through rigorous advice and research, and continues to do so with thought leadership and knowledge management.
A year after IIX’s founding, its sister entity Shujog was set-up. Shujog empowers marginalized people and protects the planet by scaling the positive impact of social innovators, through fostering growth, maturity and market readiness of Impact Enterprises and other social innovators.
By the end of 2016, the IIX Women’s Livelihood Bond – a $20 million bond created to benefit half a million women in Southeast Asia – will be the first financial instrument to be floated on IIX’s Impact Exchange – the world’s first social stock exchange.
IIX’s footprint now extends from Afghanistan to the Philippines, and continues to grow through its catalytic role in empowering disadvantaged communities with much-needed social and financial mobility, promoting growth and prosperity for all.

Areas of Expertise

Suggest/provide funding and resources, Evaluate/Review your innovation, Advise on Financial management and operations, Give business planning and strategy advice