15andchange.org

What It Is

15 and Change is an impact-investing-focused capital provider. Its core proposition is to target around 15% annualized returns while investing in companies and funds that can create positive social change. According to its website, it primarily invests in next-generation fund managers, while also making direct investments and co-investments in startups.

Core Capabilities

From a payments/finance category perspective, it is not an acquirer, payment gateway, or e-wallet provider. The website does not provide information on payment methods, settlement cycles, API integration, or other payment infrastructure. Its financial nature is mainly reflected in private-market investing: it covers funds at stages such as Pre-Seed, Seed, Opportunity, and Growth, and can also participate in startup investments. Its investment themes include energy recycling, preventative health, food waste, domestic manufacturing, and the passion economy. Geographically, it currently invests through U.S. vehicles, while also stating that it will invest in opportunities in LATAM, Africa, and Europe.

Pricing and Terms

The website does not disclose management fees, carry, fund terms, or minimum commitment amounts. What can be confirmed is that it typically holds a 0.5%-2% position in Pre-Seed/Seed funds, with a lower percentage in growth equity funds. The size of direct investments depends on its actual level of participation.

Pros and Cons

Its strengths lie in a clear investment thesis, an emphasis on capital as a force for positive impact, and free hands-on coaching for portfolio funds and companies to help with growth, market, and team-related issues. It also places importance on diverse fund managers. As disclosed, among its fund manager investments as of 2025, 60% are first funds from emerging managers, 40% have at least one non-white GP, and 30% have at least one female GP.

The downside is that public information is limited: there is no clear disclosure of fund size, historical performance, specific portfolio holdings, due diligence process, regulatory licenses, or legal structure. From a payments/fintech procurement perspective, it also does not offer payment processing, cross-border collection, risk-control APIs, or clearing and settlement capabilities.

Best Fit / Access from China

It is better suited to emerging fund managers with U.S. vehicles, impact-driven founders, and teams seeking long-term capital and coaching support around its five major themes. Access from China is not addressed in the main content and would need to be verified through actual network testing.