Finance Monthly - February 2022

9 Finance Monthly. The Mon t h l y Round -Up JPMorgan’s asset management arm said it had created a new private equity team whose primary focus will be sustainable investments. Armed with an investment of up to $150 million, the newly formed team will target growth-stage private companies that create climate solutions related to resource efficiency and climate adaptation for numerous industries. Tanya Barnes, who previously led Blackstone Inc’s impact investing platform, has been hired by JPMorgan to jointly manage the new team alongside Osei Van Horne. Horne has served as managing partner of sustainable growth equity investing at the bank since May last year. “We believe environmental, social and governance (ESG) factors will increasingly affect the ability of companies to operate and generate returns, today and over the long term. ESG factors also represent opportunities that investors can capture as companies innovate to build a sustainable future,” says JPMorgan Asset Management’s website. As the pressure to mitigate the climate crisis intensifies, other major US financial institutions have also been making renewed efforts toward their environmental, social and governance (ESG) related activities. Recently Blackstone said it launched a platform for investments and lending to renewable energy companies. JPMorgan Asset Arm Creates Sustainable Investments Team “Buy now, pay later” giant Klarna has launched a card that can be used for in-store payments in the UK. Klarna announced the launch of Klarna Card — a Visa card that allows users to delay payments on their online and instore purchases. Users of the card can pay off their purchases up to 30 days after initially buying the items, with no interest or late fees. In the future, additional payment options will be added. Klarna plans to introduce the card gradually, aiming to open eligibility to all customers by early 2022. In the meantime, there is a waiting list that users can sign up to. Around 400,000 people have already signed up. In order to be eligible for the card, users must first undergo soft credit checks, must be 18 years old or above, and must have an income of at least £12,000 per annum. Users must also have made at least one purchase through Klarna which they paid off on time. The payment card is already available in Sweden and Germany where, according to Klarna, it is used by over 800,000 people. Klarna Launches New Payment Card in the UK

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