Search Results for: wealth gap

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......
Finix Exceeds $100M in Funding and Adds Execs from Google, Tesla, and Uber to its C-Suite
Capital Markets Fintech Fintech Funding Fintech Startups News

Finix Exceeds $100M in Funding and Adds Execs from Google, Tesla, and Uber to its C-Suite

Fintech News Desk
by Fintech News Desk0
Capital threshold surpassed with funds from a special purpose vehicle dedicated to Black and Latinx investors Finix, the payments infrastructure company helping vertical SaaS companies transform their businesses through payments, surpassed $100M in total funding, allocating 10% of its most recent funding round for Black and Latinx investors. Matching its financial growth,......
Wells Fargo Invests in Six Black-Owned Bank
Banking Business Fintech Investment Services News

Wells Fargo Invests in Six Black-Owned Bank

Fintech News Desk
by Fintech News Desk0
Wells Fargo today announced equity investments in six African American Minority Depository Institutions (MDIs) as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned banks. As part of the capital investment, the banks will have access to a dedicated Wells Fargo relationship team that......
PEAK6 Names Michelle Williams Executive Director of Fintech in Action
B2B Banking Business Fintech Investment Services News

PEAK6 Names Michelle Williams Executive Director of Fintech in Action

Fintech News Desk
by Fintech News Desk0
PEAK6, a financial technology business, announced today that Michelle Williams will serve as Executive Director of its Fintech in Action initiative to encourage the hiring, promotion and retention of Black employees in the fintech industry. Williams will help build new partnerships and increase awareness as Fintech in Action expands its outreach in......
Fair, Neobank and Financial Services Platform, Raises $20MM in 40 Days with Focus on People Over Profit
Banking Fintech News

Fair, Neobank and Financial Services Platform, Raises $20MM in 40 Days with Focus on People Over Profit

Fintech News Desk
by Fintech News Desk0
With an April launch, the ethical, membership-based platform will include multilingual services, free account-to-account international money transfers and interest-free loans Fair, a multilingual neobank and financial services platform, will open early bird membership enrollment in March, with a public launch in April. The membership-based fintech startup aims to empower consumers with......
Wells Fargo Invests in Six Black-Owned Banks
Banking Business Fintech Investment Services News

Wells Fargo Invests in Six Black-Owned Banks

Fintech News Desk
by Fintech News Desk0
Investment is part of a $50 million pledge to help minority institutions and the bank’s larger commitment to foster an inclusive recovery Wells Fargo today announced equity investments in six African American Minority Depository Institutions (MDIs) as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned......
Greenlight Raises $215 Million at a $1.2 Billion Valuation To Help Millions More Parents Raise Financially-Smart Kids
Fintech Investment Services Mobile Banking News

Greenlight Introduces Educational Investing Platform For Kids

Fintech News Desk
by Fintech News Desk0
Greenlight Financial Technology, Inc. (Greenlight), the fintech company on a mission to help parents raise financially-smart kids, today announced Greenlight Max, the first educational investing platform designed for kids. In 2017, the company launched a parent-managed debit card and app for kids to teach money management skills. Today, Greenlight serves......
PayPal-Announces-Additional-_5-Million-Grant-Program-for-Black-Owned-Businesses-as-COVID-19-Crisis-Continues
Business Fintech Mobile Banking News

PayPal Announces Additional $5 Million Grant Program for Black-Owned Businesses as COVID-19 Crisis Continues

Fintech News Desk
by Fintech News Desk0
PayPal Holdings, Inc. (NASDAQ: PYPL) today announced an additional $5 million grant program that will further the company’s support for Black-owned businesses in the U.S., which have been disproportionately affected by the economic impacts of the COVID-19 pandemic. The new grant program is an extension of the $10 million PayPal Empowerment Grant program for Black-owned......
CNote-Raises-_3-Million-to-Scale-Technology-Enabled-Investment-Into-America's-Most-Underserved-Communities
Business Fintech News

CNote Raises $3 Million to Scale Technology-Enabled Investment Into America’s Most Underserved Communities

Fintech News Desk
by Fintech News Desk0
CNote, a women-founded and led financial technology platform that makes it easy to invest in economic inclusion, has closed a $3 million dollar oversubscribed private funding round to extend its reach in the fast-growing socially responsible investing space. The funding round was led by ManchesterStory, with additional investments from Artemis Fund, SixThirty Ventures, H/L Ventures, Clearstone Capital, and Lateral......
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