Andrew Kuper

{{Short description|South African-Australian entrepreneur and investor}}

{{EngvarB|date=March 2018}}

{{Use dmy dates|date=March 2018}}

{{Infobox person

| name = Andrew Kuper

| honorific-suffix = {{post-nominals|country=AUS|size=100%|AO}}

| image = File:Andrew Kuper.jpg

| image_caption = LeapFrog Founder and CEO Andrew Kuper

| birth_place = South Africa

| nationality = South African, Australian

| occupation = Entrepreneur, businessman, investor and author

| alma_mater = Harvard University
Witwatersrand University
University of Cambridge (PhD)

| known_for = CEO, founder, LeapFrog Investments{{cite web| url= http://www.africaammagazine.com/taking-a-leap/| author= Anna Lyudig| title= Taking a leap| date= 25 July 2013| publisher= AfricaAM Asset Management| accessdate= 27 April 2016| archive-url= https://web.archive.org/web/20161220084431/http://www.africaammagazine.com/taking-a-leap/| archive-date= 20 December 2016| url-status= dead}}

}}

Andrew Kuper {{post-nominals|country=AUS|AO}} is a South African-Australian serial entrepreneur and investor in emerging markets.{{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| archive-date= 5 June 2024| archive-url= https://web.archive.org/web/20240605000338/https://www.smh.com.au/business/small-business/raising-capital-improving-prospects-20120903-2590o.html| url-status= live}} Kuper is the founder and CEO of LeapFrog Investments, a specialist investor in financial services and healthcare in emerging markets.{{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| archive-date= 8 August 2016| archive-url= https://web.archive.org/web/20160808044940/http://www.dynamicbusiness.com.au/entrepreneur-profile/entrepreneur-of-the-year-nominees-revealed-16052012.html| url-status= live}}

Former United States President Bill Clinton announced the launch of the company in 2008, recognizing it for opening new frontiers in alternative investing.{{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|archive-date = 13 May 2016|archive-url = https://web.archive.org/web/20160513123903/http://www.insurancejournal.com/news/national/2008/09/28/94121.htm|url-status = live}} Since then, LeapFrog has attracted more than US$2 billion from global investors.{{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|archive-date=11 June 2021|archive-url=https://web.archive.org/web/20210611045238/https://www.forbes.com/sites/rebeccaszkutak/2021/03/09/investor-leapfrog-secures-500-million-commitment-from-temasek-to-anchor-multiple-impact-funds/|url-status=live}} In 2017, *Fortune* ranked LeapFrog Investments as one of the top 5 Companies to Change the World, alongside Apple and Novartis.{{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|archive-date=29 August 2018|archive-url=https://web.archive.org/web/20180829192254/http://fortune.com/change-the-world/2017/|url-status=live}} Originally from South Africa, Kuper now resides in Sydney, Australia,{{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| archive-date= 5 August 2016| archive-url= https://web.archive.org/web/20160805015601/http://www.smh.com.au/business/banking-and-finance/leapfrog-investments-snags-500m-from-prudential-for-fintech-in-africa-20160121-gmbkx0| url-status= live}} and spends time in LeapFrog's offices in Europe, Africa and Asia.

Early life

Kuper was born in South Africa and brought up on a farm outside of Johannesburg. He is the son of anti-apartheid campaigners.{{cite web| url=https://www.bbc.com/news/business-38650096| title=Why Bill Clinton helped a 33-year-old build a $1bn firm| author=Will Smale| date=23 January 2017| publisher=CNN| access-date=16 February 2017| archive-date=17 February 2017| archive-url=https://web.archive.org/web/20170217163830/http://www.bbc.com/news/business-38650096| url-status=live}} He began investing at the age of 10 and took on his first clients at age 13.{{Cite web|url=https://www.smh.com.au/business/small-business/raising-capital-improving-prospects-20120903-2590o.html|title=Raising capital, improving prospects|last=Mason|first=Max|date=2012-08-31|website=The Sydney Morning Herald|language=en|access-date=2018-08-29|archive-date=22 June 2018|archive-url=https://web.archive.org/web/20180622193237/https://www.smh.com.au/business/small-business/raising-capital-improving-prospects-20120903-2590o.html|url-status=live}} He attended the University of Witwatersrand in Johannesburg{{cite web| url= http://www.afr.com/business/insurance/leapfrog-closes-second-fund-at-432m-20140909-jepxd| author= Sally Rose| title= LeapFrog closes second fund at $432m| date= 9 September 2014| publisher= The Australian Financial Review| accessdate= 27 April 2016| archive-date= 13 May 2016| archive-url= https://web.archive.org/web/20160513205031/http://www.afr.com/business/insurance/leapfrog-closes-second-fund-at-432m-20140909-jepxd| url-status= live}} 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.{{cite web| url= http://www.financialmail.co.za/features/2013/10/24/leapfrog-investments-raises-second-fund| title= Leapfrog Investments raises second fund| date= 24 October 2013| work= Financial Mail| accessdate= 27 April 2016| archive-date= 31 May 2016| archive-url= https://web.archive.org/web/20160531010240/http://www.financialmail.co.za/features/2013/10/24/leapfrog-investments-raises-second-fund| url-status= live}}

Career

= Early career =

In 2004, Kuper was appointed managing director at Ashoka, an organization that finances thousands of social entrepreneurs.{{cite web|url=http://www.intelligenthq.com/social-business-2/intelligenthq-series-on-social-entrepreneurship-foundations-part-2-2/|publisher=intelligent HQ|first=Paula|last=Newton|title=Foundation: Ashoka: Innovators For The Public|date=9 February 2014|accessdate=27 April 2016|archive-date=9 May 2016|archive-url=https://web.archive.org/web/20160509215745/http://www.intelligenthq.com/social-business-2/intelligenthq-series-on-social-entrepreneurship-foundations-part-2-2/|url-status=live}} Among other roles, he ran the Global Academy for Social Entrepreneurship, working with Muhammad Yunus of Grameen Bank and Fazle Abed of BRAC.{{cite web| url= http://www.fastcompany.com/1475816/microinsurance-new-microcredit| author= Alice Korngold| title= Microinsurance: The new microcredit| date= 2 December 2009| work= Fast Company| accessdate= 27 April 2016| archive-date= 5 August 2016| archive-url= https://web.archive.org/web/20160805044526/http://www.fastcompany.com/1475816/microinsurance-new-microcredit| url-status= live}}{{cite web|url = http://www.financialmail.co.za/features/2013/10/24/leapfrog-investments-raises-second-fund|author = Stefanie Rubin|title = Meet the boss: Interview with Andrew Kuper, president and founder of LeapFrog Investments Ltd.|date = 13 November 2009|publisher = MicroCapital|accessdate = 27 April 2016|archive-date = 31 May 2016|archive-url = https://web.archive.org/web/20160531010240/http://www.financialmail.co.za/features/2013/10/24/leapfrog-investments-raises-second-fund|url-status = live}}

= Founding LeapFrog Investments =

In 2007, Kuper founded LeapFrog Investments. LeapFrog invests in companies that provide access to financial services, healthcare, and climate solutions to underserved people in emerging markets.{{cite web| url= https://www.forbes.com/sites/devinthorpe/2013/07/11/can-impact-investors-actually-make-money/| author= Devin Thorpe| title= Can Impact Investors Actually Make Money?| date= 11 July 2013| work= Forbes| accessdate= 27 April 2016| archive-date= 1 June 2016| archive-url= https://web.archive.org/web/20160601200903/http://www.forbes.com/sites/devinthorpe/2013/07/11/can-impact-investors-actually-make-money/| url-status= live}}{{cite web| url= http://www.ft.com/fastft/2016/01/21/us-insurer-prudential-financial-makes-african-bet/| title= US insurer Prudential Financial makes African bet| date= 21 January 2016| work= Financial Times| accessdate= 27 April 2016| archive-date= 29 March 2016| archive-url= https://web.archive.org/web/20160329184801/http://www.ft.com/fastft/2016/01/21/us-insurer-prudential-financial-makes-african-bet/| url-status= live}} Since its establishment, and with Kuper as chief executive, LeapFrog has attracted over $2 billion from global investors including Temasek,{{Cite web|last=Flood|first=Chris|date=2021-03-09|title=Temasek commits $500m to impact investing specialist LeapFrog|url=https://www.ft.com/content/c77d10f5-8f09-4ff3-8b48-8f521ea00dec|access-date=2021-06-11|website=www.ft.com|language=en-GB|archive-date=11 June 2021|archive-url=https://web.archive.org/web/20210611045229/https://www.ft.com/content/c77d10f5-8f09-4ff3-8b48-8f521ea00dec|url-status=live}} AIA,{{Cite web |last=Flood |first=Chris |date=June 6, 2023 |title=Hong Kong insurer AIA invests $200mn into impact funds |url=https://www.ft.com/content/b5dc6f0e-9484-4ebc-b027-e80cc1c9c712 |access-date=21 February 2024 |archive-date=13 February 2024 |archive-url=https://web.archive.org/web/20240213202922/https://www.ft.com/content/b5dc6f0e-9484-4ebc-b027-e80cc1c9c712 |url-status=live }} American International Group Inc. (AIG), Swiss Re AG, AXA SA and Prudential Financial.{{cite web| url= https://www.bloomberg.com/news/articles/2014-10-31/insurers-drawn-by-african-dawn-for-cover-says-leapfrog| author= Renee Bonorchis| title= Insurers drawn by African dawn for cover, says LeapFrog| date= 31 October 2014| publisher= Bloomberg Business| accessdate= 27 April 2016| archive-date= 28 April 2016| archive-url= https://web.archive.org/web/20160428021155/http://www.bloomberg.com/news/articles/2014-10-31/insurers-drawn-by-african-dawn-for-cover-says-leapfrog| url-status= live}}{{cite web|url=https://www.wsj.com/articles/prudential-financial-to-invest-350-million-in-african-insurers-1453469558|title=Prudential Financial to Invest $350 Million in African Insurers|work=The Wall Street Journal|first=Simon|last=Clark|date=22 January 2016|accessdate=27 April 2016|archive-date=26 April 2016|archive-url=https://web.archive.org/web/20160426000025/http://www.wsj.com/articles/prudential-financial-to-invest-350-million-in-african-insurers-1453469558|url-status=live}} The companies in which the firm has invested have had an annual growth rate of more than 24% and reach 492 million people in 30 countries.

LeapFrog launched its Climate Investing Strategy in 2022.{{Cite web |date=2022-09-19 |title=LeapFrog Launches Climate Investment Strategy |url=https://leapfroginvest.com/press-release/leapfrog-launches-climate-investment-strategy-appoints-new-partner/ |url-status=live |archive-url=https://web.archive.org/web/20240221031900/https://leapfroginvest.com/press-release/leapfrog-launches-climate-investment-strategy-appoints-new-partner/ |archive-date=21 February 2024 |access-date=2024-02-21 |website=LeapFrog Investments |language=en-US}}

= Awards =

In 2018, Kuper was awarded the John S. Bickley Founders Award Gold Medal for Excellence by the International Insurance Society for his work in profit with purpose investment.{{Cite web|url=https://www.internationalinsurance.org/node/68|title=Andrew Kuper Named the 2018 Founder's Award Recipient {{!}} International Insurance Society|website=www.internationalinsurance.org|language=en|access-date=2018-08-29|archive-date=29 August 2018|archive-url=https://web.archive.org/web/20180829175405/https://www.internationalinsurance.org/node/68|url-status=live}} Earlier in his career, Kuper received the Ernst & Young Entrepreneur of the Year Award.{{cite web| url= http://www.dynamicbusiness.com.au/entrepreneur-profile/entrepreneur-of-the-year-nominees-revealed-16052012.html| author= Lorna Brett| title= Entrepreneur of the year nominees revealed| date= 16 May 2015| publisher= Dynamic Business| accessdate= 27 April 2016| archive-date= 8 August 2016| archive-url= https://web.archive.org/web/20160808044940/http://www.dynamicbusiness.com.au/entrepreneur-profile/entrepreneur-of-the-year-nominees-revealed-16052012.html| url-status= live}} He was also named a Young Global Leader by the World Economic Forum,{{cite web|url=http://venturesafrica.com/world-economic-forum-selects-21-africans-amongst-young-global-leaders-2013/|title=World Economic Forum Lists 21 Africans Amongst Young Global Leaders 2013|publisher=Ventures Africa|first=Douglas|last=Imaralu|date=13 March 2013|accessdate=27 April 2016|archive-date=23 September 2016|archive-url=https://web.archive.org/web/20160923145821/http://venturesafrica.com/world-economic-forum-selects-21-africans-amongst-young-global-leaders-2013/|url-status=live}} 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. He is a board member of GPCA.{{Cite news |last=Global Private Capital Association |date=2022-07-01 |title=Board of Directors - GPCA |language=en-US |work=GPCA |url=https://www.globalprivatecapital.org/board-and-team/ |access-date=2022-07-01 |archive-date=2 June 2022 |archive-url=https://web.archive.org/web/20220602221857/https://www.globalprivatecapital.org/board-and-team/ |url-status=live }}

In 2022, Kuper was appointed Officer of the Order of Australia in the 2022 Queen's Birthday Honors for "distinguished service to the impact investing industry, to global business leadership, and financial inclusion".{{cite news |title=Queen's Birthday 2022 Honours - the full list |url=https://www.smh.com.au/national/queen-s-birthday-2022-honours-the-full-list-20220609-p5askg.html |access-date=12 June 2022 |work=Sydney Morning Herald |agency=Nine Entertainment Co. |date=12 June 2022 |archive-date=5 October 2022 |archive-url=https://web.archive.org/web/20221005223153/https://www.smh.com.au/national/queen-s-birthday-2022-honours-the-full-list-20220609-p5askg.html |url-status=live }}

Kuper is the editor and lead author of one book on governance and globalization, Global Responsibilities (Routledge, 2005) and the author of another, Democracy Beyond Borders (Oxford, 2004).{{Cite book |last=Kuper |first=Andrew |url=https://academic.oup.com/book/8488 |title=Democracy Beyond Borders: Justice and Representation in Global Institutions |date=2004-09-09 |publisher=Oxford University PressOxford |isbn=978-0-19-927490-1 |edition=1 |language=en |doi=10.1093/0199274908.001.0001 |access-date=23 April 2023 |archive-date=23 April 2023 |archive-url=https://web.archive.org/web/20230423232428/https://academic.oup.com/book/8488 |url-status=live }}

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

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