Michael Chu

Co-founder and Partner Emeritus, IGNIA
Michael Chu, a banker-turned-private-equity executive and academic who helped start BancoSol, Mibanco and Compartamos, led ACCION International and co-founded IGNIA, challenges vague impact investing and pushes to reinvent microfinance.
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Michael Chu
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About Michael Chu

Michael Chu helped start and run some of Latin America's most important microfinance banks, including BancoSol, Mibanco, and Compartamos, before working at KKR, leading ACCION International, and eventually co-founding IGNIA. That mix of experience as a banker, private equity executive, and academic gives him a rare perspective, and he's known for pushing back on vague uses of the term impact investing while arguing that even the microfinance model he helped build is now outdated and due for change.

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IGNIA was founded in 2007 as Mexico's first venture capital fund with an impact thesis, and it has kept the same core leadership team working together for over 14 years while focusing on the emerging middle class. It has grown into a pan-American fund based in Mexico City, Monterrey, and Boston that connects Latin American startups expanding abroad with international startups entering the region, with 75% of its second fund's portfolio made up of companies expanding into Latin America from elsewhere.

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