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World Bank confirms key elements of new climate action plan

World Bank confirms key elements of new climate action plan
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IFC backs Vinci Capital Partners to invest in small businesses in Brazil

1. Crowdfunding scales up. Companies like Gumroad and Backstage Capital were ready to go this week as soon as new rules raised the cap to $5 million for “regulation crowdfunding” campaigns. Gumroad, an online marketplace for artists and creators, sold out in less than a day. By week’s end Backstage, a VC firm focused on diverse founders, had raised more than $4 million, after quickly maxing out under the old limit of $1.07 million last month. Republic, one of the leading crowdfunding platforms, closed on its own $36 million raise. “We are at the early stages of a multi-decade super-cycle of retail empowerment,” said Galaxy Interactive’s

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