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'''Andrew Kuper''' is a serial entrepreneur and investor in emerging markets.<ref name=sydney>{{cite web|url = http://www.smh.com.au/small-business/entrepreneur/raising-capital-improving-prospects-20120902-2590o.html| author = Max Mason| title= Raising capital, improving prospects| date= 1 September 2012| work=The Sydney Morning Herald| accessdate= 27 April 2016}}</ref> As a pioneer of Profit with Purpose business<ref>{{Cite web|date=2018-10-02|title=Andy Kuper|url=https://live.worldbank.org/experts/andy-kuper|access-date=2021-09-02|website=World Bank Live|language=en}}</ref>, Kuper has been credited with the birth of a virtuous new asset class<ref>{{Cite news|date=2011-09-10|title=Happy returns|work=The Economist|url=https://www.economist.com/finance-and-economics/2011/09/10/happy-returns|access-date=2021-09-02|issn=0013-0613}}</ref>. He is the founder and CEO of [[LeapFrog Investments]], a specialist investor in emerging markets, investing in financial services and healthcare.<ref name=entre>{{cite web|url = http://www.dynamicbusiness.com.au/entrepreneur-profile/entrepreneur-of-the-year-nominees-revealed-16052012.html| author = Jessica Pothering| title= This investment firm is insuring families' rise out of poverty| date= 30 December 2014| publisher=Entrepreneur| accessdate= 27 April 2016}}</ref> Former United States President [[Bill Clinton]] announced the launch of the company in 2008, recognising it for opening new frontiers in alternative investing.<ref name=ij>{{cite web|url = http://www.insurancejournal.com/news/national/2008/09/28/94121.htm| title= President Clinton spotlights LeapFrog, first microinsurance firm| date = 28 September 2008| work=Insurance Journal|accessdate= 27 April 2016}}</ref> LeapFrog has since attracted $2 billion USD from global investors<ref>{{Cite web|last=Szkutak|first=Rebecca|title=Investor LeapFrog Secures $500 Million Commitment From Temasek To Anchor Multiple Impact Funds|url=https://www.forbes.com/sites/rebeccaszkutak/2021/03/09/investor-leapfrog-secures-500-million-commitment-from-temasek-to-anchor-multiple-impact-funds/|access-date=2021-09-02|website=Forbes|language=en}}</ref>. In 2017, Fortune ranked LeapFrog Investments as one of the top 5 Companies to Change the World, alongside Apple and Novartis.<ref>{{Cite web|url=http://fortune.com/change-the-world/2017/|title=How These 50 Innovative Companies Are Changing the World for Good|website=Fortune|language=en-US|access-date=2018-08-29}}</ref> Originally from South Africa, Kuper now resides in [[Sydney]], [[Australia]]<ref name=sydney2>{{cite web|url = http://www.smh.com.au/business/banking-and-finance/leapfrog-investments-snags-500m-from-prudential-for-fintech-in-africa-20160121-gmbkx0| author = Sally Rose| title= LeapFrog Investments snags $500m from Prudential for fintech in Africa | date= 24 January 2016| work=The Sydney Morning Herald| accessdate= 27 April 2016}}</ref> and spends time in LeapFrog's offices in Europe, Africa and Asia.
'''Andrew Kuper''' is a serial entrepreneur and investor in emerging markets.<ref name=sydney>{{cite web|url = http://www.smh.com.au/small-business/entrepreneur/raising-capital-improving-prospects-20120902-2590o.html| author = Max Mason| title= Raising capital, improving prospects| date= 1 September 2012| work=The Sydney Morning Herald| accessdate= 27 April 2016}}</ref> As a pioneer of Profit with Purpose business,<ref>{{Cite web|date=2018-10-02|title=Andy Kuper|url=https://live.worldbank.org/experts/andy-kuper|access-date=2021-09-02|website=World Bank Live|language=en}}</ref> Kuper has been credited with the birth of a virtuous new asset class.<ref>{{Cite news|date=2011-09-10|title=Happy returns|work=The Economist|url=https://www.economist.com/finance-and-economics/2011/09/10/happy-returns|access-date=2021-09-02|issn=0013-0613}}</ref> He is the founder and CEO of [[LeapFrog Investments]], a specialist investor in emerging markets, investing in financial services and healthcare.<ref name=entre>{{cite web|url = http://www.dynamicbusiness.com.au/entrepreneur-profile/entrepreneur-of-the-year-nominees-revealed-16052012.html| author = Jessica Pothering| title= This investment firm is insuring families' rise out of poverty| date= 30 December 2014| publisher=Entrepreneur| accessdate= 27 April 2016}}</ref> Former United States President [[Bill Clinton]] announced the launch of the company in 2008, recognising it for opening new frontiers in alternative investing.<ref name=ij>{{cite web|url = http://www.insurancejournal.com/news/national/2008/09/28/94121.htm| title= President Clinton spotlights LeapFrog, first microinsurance firm| date = 28 September 2008| work=Insurance Journal|accessdate= 27 April 2016}}</ref> LeapFrog has since attracted $2 billion USD from global investors.<ref>{{Cite web|last=Szkutak|first=Rebecca|title=Investor LeapFrog Secures $500 Million Commitment From Temasek To Anchor Multiple Impact Funds|url=https://www.forbes.com/sites/rebeccaszkutak/2021/03/09/investor-leapfrog-secures-500-million-commitment-from-temasek-to-anchor-multiple-impact-funds/|access-date=2021-09-02|website=Forbes|language=en}}</ref> In 2017, Fortune ranked LeapFrog Investments as one of the top 5 Companies to Change the World, alongside Apple and Novartis.<ref>{{Cite web|url=http://fortune.com/change-the-world/2017/|title=How These 50 Innovative Companies Are Changing the World for Good|website=Fortune|language=en-US|access-date=2018-08-29}}</ref> Originally from South Africa, Kuper now resides in [[Sydney]], [[Australia]]<ref name=sydney2>{{cite web|url = http://www.smh.com.au/business/banking-and-finance/leapfrog-investments-snags-500m-from-prudential-for-fintech-in-africa-20160121-gmbkx0| author = Sally Rose| title= LeapFrog Investments snags $500m from Prudential for fintech in Africa | date= 24 January 2016| work=The Sydney Morning Herald| accessdate= 27 April 2016}}</ref> and spends time in LeapFrog's offices in Europe, Africa and Asia.


==Career==
==Career==

Revision as of 15:53, 10 September 2021

Andrew Kuper
Born
South Africa
NationalitySouth African
Alma materHarvard University
Witwatersrand University
University of Cambridge (PhD)
Occupation(s)Entrepreneur, businessman, investor and author
Known forCEO, founder, LeapFrog Investments[1]

Andrew Kuper is a serial entrepreneur and investor in emerging markets.[2] As a pioneer of Profit with Purpose business,[3] Kuper has been credited with the birth of a virtuous new asset class.[4] He is the founder and CEO of LeapFrog Investments, a specialist investor in emerging markets, investing in financial services and healthcare.[5] Former United States President Bill Clinton announced the launch of the company in 2008, recognising it for opening new frontiers in alternative investing.[6] LeapFrog has since attracted $2 billion USD from global investors.[7] In 2017, Fortune ranked LeapFrog Investments as one of the top 5 Companies to Change the World, alongside Apple and Novartis.[8] Originally from South Africa, Kuper now resides in Sydney, Australia[9] and spends time in LeapFrog's offices in Europe, Africa and Asia.

Career

Kuper was born in South Africa and brought up on a farm outside of Johannesburg. He is the son of anti-apartheid campaigners.[10] He began investing at the age of 10 and took on his first clients at age 13.[11] He attended the University of Witwatersrand in Johannesburg[12] followed by Harvard University where he won the Henry Fellowship. He later graduated from Cambridge University with a PhD in social science and political science supervised by Nobel laureate Amartya Sen.[2][13]

In 2004, Kuper was appointed to managing director at Ashoka, an organisation that finances thousands of social entrepreneurs.[14] Among other roles, he ran the Global Academy for Social Entrepreneurship, working with Muhammad Yunus of Grameen Bank and Fazle Abed of BRAC.[15][16]

In 2007, Kuper founded LeapFrog Investments. Using a distinctive 'profit with a purpose' approach, LeapFrog invests in companies that provide access to financial services and healthcare to underserved people in emerging markets.[10][2][17][18] Since its establishment, as chief executive, Kuper has helped attract over $2 billion from global investors including Temasek,[19] American International Group Inc. (AIG), Swiss Re AG, AXA SA and Prudential Financial.[20][21] The companies in which the firm has invested have had an annual growth rate of more than 26% and reach 221 million people in 149 countries.[22]

In 2018, Kuper was awarded the John S. Bickley Founders Award Gold Medal for Excellence by the International Insurance Society recognised for his pioneering work in profit with purpose investment.[23]

Earlier in his career, Kuper received the Ernst & Young Entrepreneur of the Year Award.[24] He was also named a Young Global Leader by the World Economic Forum,[25] and received the Young Presidents' Organization's Social Engagement Network Award. Kuper has delivered keynote addresses to the Clinton Global Initiative, Geneva Association CEO Meetings, the IFC/Emerging Markets Private Equity Association (EMPEA) summits, and the EY World Entrepreneur of the Year event.[17] He is a board member of EMPEA.[26]

Kuper is the editor and lead author of one book on governance and globalisation, Global Responsibilities (Routledge, 2005) and the author of another, Democracy Beyond Borders (Oxford, 2004).

Bibliography

  • Kuper, A. (2004). Democracy beyond borders: Justice and representation in global institutions. Oxford: Oxford University Press.
  • Kuper, A. (2005). Global responsibilities: Who must deliver on human rights? New York: Routledge.

References

  1. ^ Anna Lyudig (25 July 2013). "Taking a leap". AfricaAM Asset Management. Archived from the original on 20 December 2016. Retrieved 27 April 2016.
  2. ^ a b c Max Mason (1 September 2012). "Raising capital, improving prospects". The Sydney Morning Herald. Retrieved 27 April 2016.
  3. ^ "Andy Kuper". World Bank Live. 2 October 2018. Retrieved 2 September 2021.
  4. ^ "Happy returns". The Economist. 10 September 2011. ISSN 0013-0613. Retrieved 2 September 2021.
  5. ^ Jessica Pothering (30 December 2014). "This investment firm is insuring families' rise out of poverty". Entrepreneur. Retrieved 27 April 2016.
  6. ^ "President Clinton spotlights LeapFrog, first microinsurance firm". Insurance Journal. 28 September 2008. Retrieved 27 April 2016.
  7. ^ Szkutak, Rebecca. "Investor LeapFrog Secures $500 Million Commitment From Temasek To Anchor Multiple Impact Funds". Forbes. Retrieved 2 September 2021.
  8. ^ "How These 50 Innovative Companies Are Changing the World for Good". Fortune. Retrieved 29 August 2018.
  9. ^ Sally Rose (24 January 2016). "LeapFrog Investments snags $500m from Prudential for fintech in Africa". The Sydney Morning Herald. Retrieved 27 April 2016.
  10. ^ a b Will Smale (23 January 2017). "Why Bill Clinton helped a 33-year-old build a $1bn firm". CNN. Retrieved 16 February 2017.
  11. ^ Mason, Max (31 August 2012). "Raising capital, improving prospects". The Sydney Morning Herald. Retrieved 29 August 2018.
  12. ^ Sally Rose (9 September 2014). "LeapFrog closes second fund at $432m". The Australian Financial Review. Retrieved 27 April 2016.
  13. ^ "Leapfrog Investments raises second fund". Financial Mail. 24 October 2013. Retrieved 27 April 2016.
  14. ^ Newton, Paula (9 February 2014). "Foundation: Ashoka: Innovators For The Public". intelligent HQ. Retrieved 27 April 2016.
  15. ^ Alice Korngold (2 December 2009). "Microinsurance: The new microcredit". Fast Company. Retrieved 27 April 2016.
  16. ^ Stefanie Rubin (13 November 2009). "Meet the boss: Interview with Andrew Kuper, president and founder of LeapFrog Investments Ltd". MicroCapital. Retrieved 27 April 2016.
  17. ^ a b Devin Thorpe (11 July 2013). "Can Impact Investors Actually Make Money?". Forbes. Retrieved 27 April 2016.
  18. ^ "US insurer Prudential Financial makes African bet". Financial Times. 21 January 2016. Retrieved 27 April 2016.
  19. ^ Flood, Chris (9 March 2021). "Temasek commits $500m to impact investing specialist LeapFrog". www.ft.com. Retrieved 11 June 2021.
  20. ^ Renee Bonorchis (31 October 2014). "Insurers drawn by African dawn for cover, says LeapFrog". Bloomberg Business. Retrieved 27 April 2016.
  21. ^ Clark, Simon (22 January 2016). "Prudential Financial to Invest $350 Million in African Insurers". The Wall Street Journal. Retrieved 27 April 2016.
  22. ^ Review, Asia Insurance. "An emerging markets story- Reaching the next 1bn by 2030". Asia Insurance Review. Retrieved 29 August 2018.
  23. ^ "Andrew Kuper Named the 2018 Founder's Award Recipient | International Insurance Society". www.internationalinsurance.org. Retrieved 29 August 2018.
  24. ^ Lorna Brett (16 May 2015). "Entrepreneur of the year nominees revealed". Dynamic Business. Retrieved 27 April 2016.
  25. ^ Imaralu, Douglas (13 March 2013). "World Economic Forum Lists 21 Africans Amongst Young Global Leaders 2013". Ventures Africa. Retrieved 27 April 2016.
  26. ^ "Board of Directors - EMPEA". EMPEA. Retrieved 29 August 2018.
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