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Upturn Funds Caribbean and Republic Bank Announce Partnership

Press Release: For Immediate Release, 14th July, 2022

BRIDGETOWN, BARBADOS, July 14, 2022. Upturn Funds Caribbean, a leading venture capital and advisory firm based in Barbados, with headquarters in New York City, announced the Republic Bank (Barbados) Limited as a key partner at the recently held press launch of its upcoming Caribbean Investment Summit 2022 to be held at the Hilton Barbados Resort August 25 -27.

Speaking on the partnership, Chief Communications Officer and Head of Stakeholder Engagement for the firm, Jennifer Highland noted, “We were particularly pleased to learn of the Republic Banks’ development initiatives and socio-economic goals which dovetail with Upturn Funds’ vision of realizing economic prosperity and the upliftment of the lower economic class. Importantly for our firm, is to partner with other organizations that seek to solve many societal problems with solutions that benefit people from all socio-economic standings, and we are delighted to have Republic Bank (Barbados) Limited on board in helping us to bring this very important event to all stakeholders.”

The three-day summit is about presenting projects currently in existence or about to exist, in the areas of mineral mining, manufacturing, green energy, agriculture, crypto-mining, infrastructure development and real estate that can trigger economic development cycles into the region whilst meeting the UN Sustainable Development Goals.

In his contribution at the press launch of the summit, Co-Chairman and Founder of UFC, Raphael D’angelis highlighted two key joint venture initiatives being presented at the Summit. In the Dominican Republic’s case study of a $200 million trash to diesel investment, the adoption of this model, he explained, is expected to significantly contribute to solving the plastic crisis in the Caribbean while contributing to the ‘UN Development Goal of Affordable and Clean Energy’ and bringing jobs and investments to the region.

D’angelis also revealed U.S. First Mortgage’s Costa Rica $1billion retirement home project for American retirees. UFC and U.S. Mortgage Finance have partnered to create a similar model under the Landman Finance brand that will facilitate this process for the Caribbean Diaspora and Americans in the United States desirous of buying second homes in the region. D’angelis explained that these and other partner projects being presented at the Summit will trigger economic development within the adopted nation.

“The philosophy of the company is that we must work for the economic dignity and the economic development of the nation. We believe that we should structure models in which money stays in the country as much as possible” stated Ambassador Thomas, Co-Chairman, and CEO of UFC.

Managing Director & CEO of Republic Bank (Barbados) Limited, Mr. Anthony Clerk on the partnership stated, “Republic Bank (Barbados) Limited is honoured to partner with Upturn Funds Caribbean as it seeks to ensure the sustainable development of our region. Like Upturn Funds Caribbean, we are committed to meeting the UN’s sustainable development goals. We have committed considerable funding to Renewable Energy projects that help us transition from a reliance on fossil fuels, regional Agriculture projects that ensure greater food security, and social development projects that help to build sustainable cities and communities. As signatories to the Principles of Responsible Banking, we are keen to collaborate with regional and international partners to create financial solutions and investment opportunities that will solve the environmental and socio-economic issues facing our region.”

About Upturn Funds

Upturn Funds Caribbean believes that the importance of the role of business lies in sustainable development that creates a better society for all that are involved. It is with this solid belief system that we focus our energy on creating and teaming up with other organizations that seek to solve many societal problems with solutions that benefit people from all socioeconomic standings.

Upturn Funds Caribbean focus is on driving initiatives that use the scale of our network, our products, our financial resources, and the collective expertise and commitment of our employees, to reach those traditionally underserved, providing them with access to resources that can help improve their economic livelihoods, businesses, and communities. Upturn Funds Caribbean is committed to generating wealth to all of our investors through social responsibility ventures that benefit both the investor and the community at large.

About Republic Bank

Republic Bank (Barbados) Limited is one of the longest serving banks in Barbados, having

proudly served the nation for more than 40 years. Formerly Barbados National Bank Inc. (BNB), Republic Bank (Barbados) Limited operates one of the largest networks in the country and has a network that includes seven conveniently located branches. As a leading financial institution, the Bank offers an array of financial services such as personal and commercial lending, premium, corporate and investment banking, funds management, lease financing and merchant banking services.

Republic Bank (Barbados) Limited is a subsidiary of Republic Financial Holdings Limited (RFHL). RFHL is the registered owner of all of the Banks in the Republic Group – Republic Bank Limited, Republic Bank (Guyana) Limited, Republic Bank (Barbados) Limited, Republic Bank (Grenada) Limited, Republic Bank (St Maarten) N.V., Republic Bank (EC) Limited, Republic Bank ( Anguilla) Limited, Republic Bank (Suriname) N.V, Republic Bank (Cayman) Limited, Republic Bank (Ghana) Plc., Republic Bank (BVI), Cayman National Corporation as well as Republic Wealth Management Limited and other subsidiaries. In keeping with international best practice, this holding company was formed with the aim of offering increased operational efficiencies and optimum management of the Group; ultimately leading to greater value for our shareholders and clients while enabling greater strategic focus and diversification.

Related Links and Social Media Platforms


Facebook: Upturn Funds Caribbean Investment Summit

Linkedin: Upturn Funds Caribbean Investment Summit

Contact Information

Jennifer M. Highland

Chief Communications Officer

126B Plaza Centrale, Roebuck Street

Bridgetown, Barbados

Tel: 246-429-0895 Cell: 246-829-7474 (WhatsApp/Signal)

Press Release: 14th July, 2022

Press Release: Upturn Funds Caribbean


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