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Creation Investments-Backed Peru Microfinance Company Los Andes Completes $10 Million Capital Raise for Strategic M&A and Digital Transformation

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CHICAGO and LIMA, Peru, Aug. 2, 2024 /PRNewswire/ — Creation Investments Capital Management, LLC, a leading global impact investor in emerging markets, today announced that Peruvian microfinance company Los Andes has closed a $10 million capital round led by Accion Digital Transformation Fund. The capital raise will support the strategic M&A and digital transformation plans of Los Andes, which serves micro and small entrepreneurs in rural Peru.

Creation Investments first invested in Los Andes in 2016 and has led several subsequent funding rounds.  From offices in Chicago, Mexico City, and Bangalore, Creation Investments currently manages $2.1 billion in assets. Since its inception in 2007, Creation has invested in 31 portfolio companies operating across eight countries and is focused on financial services and financial inclusion for the unbanked and underbanked population in emerging markets.

Managed by Accion Impact Management, the Accion Digital Transformation Fund builds on global nonprofit Accion’s experience supporting banks and finance companies around the world the globe to connect millions of people and small businesses into the digital economy. Their expertise and investment capital, as part of their digital transformation strategy, will provide valuable strategic support for Los Andes’ digital transformation efforts. Los Andes will draw on lessons from across Accion’s global work to help deliver new digital products and increase the use of digital processes.

Los Andes has over 26 years of experience in the microfinance sector in rural Peru. The company serves around 85,000 borrowers and over 227,000 savings clients. Through digital transformation and enablement, Los Andes aims to significantly expand its client base among the country’s 2.1 million micro, small, and medium enterprises.  Los Andes sees significant opportunity to consolidate the microfinance sector through strategic M&A, driving scale and greater social impact.

“We are excited to welcome Accion Digital Transformation Fund as a key shareholder in Los Andes to bolster the company’s growth plan driven by strategic M&A and digital transformation,” said Bryan Wagner, Creation Partner and Los Andes Board Member. “Los Andes has demonstrated the ability to maintain profitability while promoting financial inclusion in the most underserved areas of rural Peru.”  

Rosanna Ramos-Velita, Los Andes Board Chair, added, “As a women-led board and organization with the goal of promoting financial services to women in rural areas of Peru, we are thrilled to welcome Accion as a new partner and continue our work with Creation Investments.”

About Los Andes

Los Andes is a microfinance entity with over 26 years of experience, which aims to support and serve Peru’s most vulnerable population through financial inclusion. It is profitable and has achieved substantial growth over its history. Currently, it has 101 branches for its 85,000 borrowers, 40% of which are rural and 47% of which are women. Los Andes aspires to become Peru’s leading rural bank. Additionally, Rosanna Ramos-Velita, the board chair of Los Andes, is the first woman to head a Peruvian financial institution and is among Forbes’ 50 most empowered women in Peru. More at www.losandes.pe.

About Accion

Accion is a global nonprofit on a mission to create a fair and inclusive economy for the nearly two billion people who are failed by the global financial system. We develop and scale responsible digital financial solutions for small business owners, smallholder farmers, and women, so they can make informed decisions and improve their lives. Through targeted investment strategies, advisory, and expert thought leadership, we work with local partners to develop and scale cheaper, more accessible, and customer-friendly financial solutions. Since 1961, Accion has helped build more than 267 financial service providers serving low-income clients in 75 countries, reaching 440 million people. More at www.accion.org.

About Accion Impact Management

Accion Impact Management is Accion’s platform for impact investments in financial inclusion leveraging third-party capital. It is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC). Please note that registration with the SEC does not imply a certain level of skill or training. Accion Impact Management is staffed by a team of expert investment professionals, working to harness the capital markets to provide high-quality and affordable financial services to people who are currently excluded from the financial system. Managed by Accion Impact Management, the $152.5 million Accion Digital Transformation Fund invests in banks and finance companies serving micro, small, and medium enterprises across South and Southeast Asia, Latin America, and Africa, providing growth capital and strategic support for digital transformation. More at https://accion.org/accionimpactmanagement.

About Creation Investments

Creation Investments Capital Management, LLC is a leading global impact investment manager in emerging markets. Creation Investments seeks out the next generation of financial services firms focused on increasing access to capital and providing financial products to the unbanked and underbanked in emerging markets. The firm aims to improve the lives of those living at the bottom of the economic pyramid, reducing poverty and its ill effects in the developing world through market-based solutions. Creation Investments is headquartered in Chicago and has offices in Bangalore, Dallas, and Mexico City. As of March. 31, 2024, Creation Investments had $2.1 billion in assets under management. To learn more, visit www.creationinvestments.com.

Media Contacts for Creation Investments:

Margaret Kirch Cohen
Newton Park PR, LLC
M: +1 847-507-2229
margaret@newtonparkpr.com

Rich Chimberg
Newton Park PR, LLC
M: +1 617-312-4281
rich@newtonparkpr.com

 

View original content:https://www.prnewswire.com/news-releases/creation-investments-backed-peru-microfinance-company-los-andes-completes-10-million-capital-raise-for-strategic-ma-and-digital-transformation-302213390.html

SOURCE Creation Investments Capital Management, LLC

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SoftBank Corp. and TOPPAN Holdings Develop Lightweight, Durable Skin for Solar HAPS Aircraft Wings

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Skin’s compatibility with stratospheric conditions such as extreme UV rays and ultra-low temperatures makes longer HAPS operations possible

TOKYO, April 27, 2026 /PRNewswire/ — SoftBank Corp. (TYO: 9434) (President & CEO: Junichi Miyakawa, “SoftBank”) and TOPPAN Holdings Inc. (TYO: 7911) (President & COO: Satoshi Oya, “TOPPAN Holdings”) jointly developed a lightweight, durable skin for use on solar High-Altitude Platform Station (HAPS) aircraft wings and devised a testing method that replicates the stratosphere’s environment. Test production will go forward, and the aircraft wing skin is planned for use with HTA-type[1] HAPS, which SoftBank plans to deploy for commercial services from 2029 onwards.     

This jointly developed HAPS aircraft wing skin and test method that reproduces stratospheric conditions were made possible by combining SoftBank’s HAPS expertise and TOPPAN Holdings’ know-how accrued over years of creating advanced multi-layered film technology designed for packaging and construction materials. TOPPAN Holdings also leveraged its proprietary technology that evaluates weather resistance. This joint development mitigates film damage (degradation) caused by strong ultraviolet (UV) rays and ultra-low temperatures of almost -100°C. As a result, the aircraft can stay in the stratosphere for longer periods. 

Development Background
HAPS, also referred to as “base stations in the sky,” provide communication services from uncrewed aircraft that remain airborne in the stratosphere. Being able to keep an aircraft with a communications payload airborne for extended periods of time would make it possible to provide an alternative means of communications in the aftermath of large-scale natural disasters, as well as provide communication services to under-connected areas, such as mountainous regions and remote islands. As these platforms operate from the stratosphere at an altitude of approximately 20 km above, they offer wider-area coverage than base stations on the ground, while also providing high-quality, high-volume, low-latency communications superior to satellite-based communications. However, at this altitude in the stratosphere, UV ray and ozone exposure is far greater than at ground level, and with exposure to extremely cold temperatures that sometimes drop to almost -100℃, impaired efficacy due to these environmental factors had been a serious issue with conventional all-purpose skins. Responding to this challenge, SoftBank and TOPPAN Holdings jointly developed a new ultra-lightweight, high-durability skin for aircraft wings capable of withstanding the harsh conditions of the stratosphere, along with a specialized methodology for its evaluation.     

Wing Skin & Evaluation Method Characteristics
1. Use of impact-resistant advanced resin and proprietary structure to achieve both lightweighting and safety
Leveraging converting technology[2] developed for packaging by TOPPAN Holdings, an optimized skin structure was achieved by precisely layering original materials and impact-resistant advanced resin suitable for use at extremely low temperature conditions. The resulting skin weighs the same as or less than average conventional all-purpose skin, and even if damage to the skin were to occur, the break-resistant design keeps damage from spreading, allowing for both a safe and lighter HAPS airframe.    

2. Advanced durability to address harsh stratospheric conditions
SoftBank has contributed real-world data from its stratospheric HAPS flights, including actual temperature measurements and deep ultraviolet (UV-C) ray exposure conditions, and has also defined requirements such as weight reduction and other performance criteria. This has enabled TOPPAN Holdings to design a skin that addresses exposure to the harsh environmental conditions of the stratosphere by applying technology developed for construction materials. These conditions particular to the stratosphere include everything from extremely low temperatures (approximately -50℃ to -95℃) to extreme heat (approximately 100℃) from direct sunlight. The skin is also resistant to short wave UV-C and high-concentration ozone (10-20 ppm, parts per million) exposure that are far stronger than at ground level. This durability will allow for extended HAPS operation periods.      

3. Establishing a testing method that simulates stratospheric conditions to ensure reliability
TOPPAN Holdings leveraged its knowledge of packaging film testing and accelerated durability testing of construction materials, to construct a new test environment that assesses the skin under a simulation of the ultralow temperatures of the stratosphere, while also facilitating the testing of simultaneous exposure from short wave UV rays and the ozone. By using this test environment, it is possible to understand the detailed mechanisms of deterioration particular to the stratosphere and to use that knowledge for improved product design. This understanding and design adjustment makes it possible to carry out a more precise and more reliable evaluation compared to former testing methods.     

Roles of Both Companies
SoftBank
Provide expertise required to evaluate the suitability of the skin as well as expertise on HAPS operations
Supervision of advancing use with HAPS aircraft and transferring advances to practical application

TOPPAN Holdings
Develop and provide skin material suitable for HAPS aircraft
Proposal for evaluation method in stratospheric environment

Future Developments
SoftBank and TOPPAN Holdings will proceed with research to make the skin material developed within the scope of this project even lighter and stronger by fiscal 2027 (the year ending March 31, 2028). Additionally, while evaluating durability in the stratosphere, both companies will also attempt to establish mass production technology capable of ensuring sufficient supply and reliable quality by fiscal 2028. Also, based on testing outcomes, additional functions will be added, and the skin is expected to be used by SoftBank on HTA-type HAPS aircraft that provide commercial services, planned for launch from 2029 onwards. Both companies also plan to apply this skin to other fields that require a high level of durability.

[1] HTA (Heavier-Than-Air) refers to HAPS that remain airborne by generating aerodynamic lift, similar to conventional aircraft.

[2] Converting technology is the process of transforming materials like film into high-function final products through specialized processing such as printing and lamination. 

For more information:
https://www.holdings.toppan.com/en/news/04/newsrelease260427_1.html 

About SoftBank Corp.
Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is expanding into non-telecom fields in line with its “Beyond Carrier” growth strategy while further growing its telecom business by harnessing the power of 5G/6G, IoT, Digital Twin and Non-Terrestrial Network (NTN) solutions, including High Altitude Platform Station (HAPS)-based stratospheric telecommunications. While constructing AI data centers and developing homegrown LLMs specialized for the Japanese language, SoftBank is integrating AI with radio access networks (AI-RAN), with the aim of becoming a provider of next-generation social infrastructure.
https://www.softbank.jp/en/corp/

About the TOPPAN Group
Established in Tokyo in 1900, the TOPPAN Group is a leading and diversified global provider committed to delivering sustainable, integrated solutions in fields including printing, communications, security, packaging, décor materials, electronics, and digital transformation. The TOPPAN Group’s global team of more than 50,000 employees offers optimal solutions enabled by industry-leading expertise and technologies to address the diverse challenges of every business sector and society and contribute to the achievement of shared sustainability goals.
https://www.holdings.toppan.com/en/
https://www.linkedin.com/company/toppan/

 

View original content:https://www.prnewswire.com/news-releases/softbank-corp-and-toppan-holdings-develop-lightweight-durable-skin-for-solar-haps-aircraft-wings-302753970.html

SOURCE TOPPAN Holdings

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TravelingWiki Foundation Launches SportsFanWiki.com, Providing Disabled Fans with Sports Venue Specific Information in Wiki Format

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The setup of SportsFanWiki.com mirrors the extremely successful format of TravelingWiki.com, which documents disability resources for all FAA Large Sized and FAA Medium Sized hub airports and leverages the launch of a GenAI platform to ensure access across society to expanded disability resources information.

LAS VEGAS, April 27, 2026 /PRNewswire-PRWeb/ — TravelingWiki Foundation announces the launch of SportsFanWiki.com, providing a comprehensive database of sports venue information for fans with Non Visible Disabilities. The setup of SportsFanWiki.com mirrors the extremely successful format of TravelingWiki.com, which documents disability resources for all FAA Large Sized and FAA Medium Sized hub airports.

Leadership of TravelingWiki Foundation is honored to expand to sports venue disability information, offered free to the public and funded via the the sale of cards from the extraordinary careers of Michael Jordan, Lebron James, Shohei Ohtani and Mickey Mantle.

The launch of SportsFanWiki occurs at the same time as the launch of ShoheiAutographs.com; MantleRookies.com; KobeRookies.com; and LebronRookies.com, offering market leading sports card inventory of Shohei Ohtani, Mickey Mantle, Kobe Bryant and Lebron James, respectively. The launch highlights TravelingWiki’s services offered including new Generative AI functionality via a GenAI platform currently in beta testing. The launch also spotlights TravelingWiki’s CardForACause.com platform for free disability resources offered to 20 million Americans for no cost as funded with sports cards sales nationwide via the most two recent White House administrations.

TravelingWiki CEO Jonathan Sutter notes, “Leadership of TravelingWiki Foundation is honored to expand to sports venue disability information, offered free to the public and funded via the the sale of cards from the extraordinary careers of Michael Jordan, Lebron James, Shohei Ohtani and Mickey Mantle, to highlight the critical resources offered via TravelingWiki for the Non Visible Disability community.”

More information about the non-profit work of TravelingWiki foundation is available via visiting http://www.Travelingwiki.com.

Media Contact

Jonathan Sutter, TravelingWiki Foundation, 1 4044033333, jonathan.sutter@travelingwiki.com, http://www.TravelingWiki.com

Jonathan Sutter, TravelingWiki Foundation, 1 4044033333, jonathan.sutter@travelingwiki.com, http://www.TravelingWiki.com

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View original content:https://www.prweb.com/releases/travelingwiki-foundation-launches-sportsfanwikicom-providing-disabled-fans-with-sports-venue-specific-information-in-wiki-format-302753876.html

SOURCE TravelingWiki Foundation

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AiPPT.com Expands Its Approach to Turning Information into Ready-to-Use Presentations in India

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NEW DELHI, April 27, 2026 /PRNewswire/ — AiPPT.com has refined its platform as demand continues to grow in India for faster ways to turn everyday information into structured presentations.

Across universities, coaching centers, startups, and corporate teams, presentation work often begins with scattered material from notes, documents, and online sources. The platform focuses on converting this workflow into a single process that produces usable slides from raw input. The aim is to reduce preparation time while keeping presentations clear and ready for use.

A Workflow Built Around Content

AiPPT.com allows users to start in familiar ways. A topic can be entered directly, or files such as Word and PDF documents can be uploaded. Web content can also be converted into slides via the URL-to-PPT feature, which turns online information into structured presentations.

The system analyzes the input and builds a presentation with clear sections and logical flow. Slides are generated with formatting applied automatically, reducing manual effort.

For users looking for inspiration, AiPPT.com also provides resources such as easy presentation topics to help them get started more quickly.

From Scattered Information to Clear Communication

In academic and workplace settings, information is often spread across multiple formats. Turning this into a structured presentation can take time.

AiPPT.com simplifies this process. A report can become a meeting deck. A research paper can be turned into a seminar presentation. Startups can quickly build investor materials using the AI pitch deck generator. Educators can create structured lessons with support from tools designed for teaching, such as AI for teachers.

A Flexible System for Editing and Conversion

AiPPT.com supports full editing after generation. Users can adjust text, change slide order, or refine structure. Presentations can also be edited directly through its online PPT editor.

Users can also choose from a range of presentation templates to match different use cases. This flexibility helps users adapt presentations for classrooms, meetings, and digital sharing without rebuilding them.

About AiPPT.com

AiPPT.com is an AI-powered PPT generator focused on turning information into structured presentations. The company builds tools that connect content creation, organization, and presentation in one workflow. Its goal is to support clearer communication by helping users transform ideas and materials into ready to use slides efficiently.

Contact Information
Company Name: PIXELBLOOM PTE. LTD.
Email: support@aippt.com

Website: https://www.aippt.com/

View original content:https://www.prnewswire.com/in/news-releases/aipptcom-expands-its-approach-to-turning-information-into-ready-to-use-presentations-in-india-302753879.html

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