Search Results for: wealth gap

Citi Continues to Expand Its Impact Fund Portfolio with Five New Investments
Banking Finance Fintech News

Citi Continues to Expand Its Impact Fund Portfolio with Five New Investments

Fintech News Desk
by Fintech News Desk0
More than Half of Fund’s Total Investments are in Minority-Owned and Women-Owned Companies Citi announced its next round of investments through the Citi Impact Fund, a $200 million fund launched in 2020 to invest in companies that are addressing some of the biggest societal challenges. The new companies included in......
PayPal Deposits $135 Million in Financial Institutions Serving Black and Underserved Communities as Part of $535 Million Commitment to Advance Racial Equity
Finance Fintech Investments News

PayPal Deposits $135 Million in Financial Institutions Serving Black and Underserved Communities as Part of $535 Million Commitment to Advance Racial Equity

Fintech News Desk
by Fintech News Desk0
PayPal Holdings, Inc. announced it will deposit $135 million of its capital into mission-driven financial institutions and management funds that help underserved communities of color to fight barriers to economic equity, including Hope Credit Union,  OneUnited Bank, Self-Help Federal Credit Union, CNote’s Wisdom Fund and various smaller institutions through a CNote Promise Account. These investments are part of PayPal’s $535 million commitment to strengthen Black businesses and underserved communities, and help drive......
Park Place Payments Defies Market Trends to Close $1.5 Million Seed Round During Year of Decreased Funding for Women-Led Companies
Fintech News

Park Place Payments Defies Market Trends to Close $1.5 Million Seed Round During Year of Decreased Funding for Women-Led Companies

Fintech News Desk
by Fintech News Desk0
Park Place Payments, a female-founded fintech building a new payment processing experience for businesses while also closing the wealth gap for women who join its sales force, announces a $1.5 million seed funding round led by Curate Capital. The company closed the round during the pandemic when funding for women-led companies suffered a 27%......
PayPal Invests Additional $50 Million in Black and Latinx-Led Venture Capital Funds as Part of $535 Million Commitment
Commerce Finance Fintech News

PayPal Invests Additional $50 Million in Black and Latinx-Led Venture Capital Funds as Part of $535 Million Commitment

Fintech News Desk
by Fintech News Desk0
PayPal Holdings, Inc. announced that it will invest an additional $50 million in 11 Black- and Latinx-led early-stage venture capital funds, including Aperture Venture Capital; Collab Capital; Interlace Ventures; Kapor Capital; MaC Venture Capital; Noemis Ventures; Seae Ventures; SV LATAM Capital; and three additional funds. These build upon the $50 million investment by PayPal in......
Carver Federal Savings Bank's Customers Can Now Access Wells Fargo's Nationwide Network of ATMs
Banking News

Carver Federal Savings Bank’s Customers Can Now Access Wells Fargo’s Nationwide Network of ATMs

Fintech News Desk
by Fintech News Desk0
Carver Federal Savings Bank, a certified Minority Depository Institution, announced that its customers can make withdrawals at Wells Fargo’s nationwide ATM network without incurring a surcharge fee. This service, being offered by Wells Fargo to Carver customers, is effective immediately. “Carver’s partnership with Wells Fargo will provide our customers with......
Citi Releases 2020 Environmental, Social and Governance (ESG) Report
Banking Finance Fintech News

Citi Releases 2020 Environmental, Social and Governance (ESG) Report

Fintech News Desk
by Fintech News Desk0
Citi released today its 2020 Environmental, Social and Governance (ESG) Report, an annual report that highlights the ways in which Citi is enabling progress and sustainable growth in communities across the world. This report and related summary not only detail the progress Citi has made on its longstanding ESG priorities over the past year,......
Greenwood and Mastercard Partner for the Greenwood Debit Card
Banking Digital Fintech Mobile Banking News

Greenwood and Mastercard Partner for the Greenwood Debit Card

Fintech News Desk
by Fintech News Desk0
Greenwood Debit Mastercard products will provide a digital banking solution with integrated financial management services, protections and exclusive Priceless offers and experiences Greenwood, the digital banking platform for Black and Latino individuals and business owners, today announced it has selected Mastercard as its network of choice for its first debit......
Fintech Startup Greenwood Raises $40 Million in Funding to Provide Black and Latino Banking Services
Banking Digital Digital Payments Fintech

Fintech Startup Greenwood Raises $40 Million in Funding to Provide Black and Latino Banking Services

Fintech News Desk
by Fintech News Desk0
The biggest names in finance invest in Greenwood including 6 of the top 7 banks and others – Truist, Bank of America, PNC, JPMorgan Chase, Wells Fargo, Mastercard, Visa, and SoftBank Greenwood, the digital banking platform for Black and Latino individuals and business owners, announced it has closed $40 million of......
Vestigo Ventures Expands Expertise and Vision with New Hire
Finance Fintech Investments News

Vestigo Ventures Expands Expertise and Vision with New Hire

Fintech News Desk
by Fintech News Desk0
Kelly Shaw brings a wealth of financial experience and founder insight to the FinTech firm Vestigo Ventures, Boston’s first FinTech venture capital firm, has announced the hiring of Kelly Shaw as the company’s first principal. “The success of any venture capital firm is highly correlated to the quality of its management,” says Vestigo’s cofounder, Mark......
LiveRamp Commits $15 Million in Cash Reserves with Financial Institutions to Support Underserved Communities
Banking Fintech News

LiveRamp Commits $15 Million in Cash Reserves with Financial Institutions to Support Underserved Communities

Fintech News Desk
by Fintech News Desk0
Cash reserves deposited into OneUnited Bank and Southern Bancorp OneUnited Bank joins LiveRamp’s Data for Good Initiative to address the financial literacy gap LiveRamp, the leading data connectivity platform, announced it has banked $15 million in cash reserves to financial institutions supporting historically underserved communities. “We believe economic opportunity and......
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