Tagged: minorities

Digital Investment Platform Stackwell Finalizes $3.5M Round

Stackwell, the digital investment platform created to address the racial wealth gap, recently announced the closing of a $3.5 million seed funding round that will “accelerate the company’s launch plan, allowing it to rapidly reach key product development and go-to-market milestones, as well as support… Read More

Mortgage Fintech Maxwell Introduces Spanish Loan Application

As U.S. demographics change, so does the pool of Americans “pursuing homeownership.” According to Freddie Mac, the Hispanic American homebuyer segment “has increased by 25% in the last decade.” By 2030, this growing sector “will represent an estimated 56% of all new homeowners.” Still, Spanish-speaking… Read More

MarketFinance Reveals Why they Partnered with Women in Business and Finance, and Upreach

Sanjay from the People and Talent Team at MarketFinance notes that his primary role is Talent Acquisition Lead where he helps find the best people to build their vision of “frictionless finance” for small businesses. Equally important to him is his position as Chair of… Read More

CNote Expands Access to Capital for Community Financial Institutions With $25M from Apple

CNote, an Oakland-based fintech, announced that Apple (NASDAQ:AAPL) will use the CNote platform “to deploy $25 million into underserved communities across the country.” Apple‘s $25 million commitment is part of its broader Racial Equity and Justice Initiative, an effort “to address systemic racism in America… Read More

Nova Credit Introduces Cash Flow Underwriting Solution, Allowing Companies to Lend Responsibly

Nova Credit, the Fintech unlocking opportunities for “mainstream” and credit excluded consumers and the companies looking to serve them, has launched its latest product, Cash Atlas – “a first-party cash flow underwriting solution that transforms bank transaction data into a Fair Credit Reporting Act (FCRA) consumer… Read More

Welcome Tech Secures $30M in New Funding, Expands Board of Directors, Exec Team

Welcome Tech, a digital platform offering immigrant families with the tools and services required to thrive in the US, recently  announced $30 million in new capital, “following an oversubscribed $35 million Series B in April 2021.” This capital was raised “exclusively” from existing institutional investors… Read More

Fintech Stax Raises $245M to Enhance its Comprehensive Payments Platform

Stax, a comprehensive payments platform, announced its new funding raise of $245 million. Led by sibling co-founders Suneera Madhani, CEO, and Sal Rehmetullah, president, Stax celebrates this milestone at a time when “less than three percent of venture capital goes to minorities and less than… Read More

Financial Inclusion: Robinhood Teams Up with Amplify Latinx via Strategic Investment

Robinhood (NASDAQ:HOOD) recently teamed up with Amplify Latinx via an investment that celebrates their fifth anniversary and supports their ongoing work to uplift the Latinx community. The Massachusetts-headquartered nonprofit Amplify Latinx aims to support Latinx communities by enhancing their economic power. This is done by… Read More

$100M Investment Fund Established by Financial Infrastructure Fintech Stronghold

Stronghold, a payments and financial infrastructure firm, has introduced Stronghold Capital in order to invest $100 million in high-potential firms and funds across key areas: “overlooked” and “underrepresented” founders as well as fund managers, the payments and fintech ecosystem, and the Web3 / blockchain sector…. Read More

InComm Payments Teams Up with Fintech Firm Cuentas to Make Transit Cards Available at NYC Retail Outlets

InComm Payments, a payments tech firm, announced that it has teamed up with Cuentas, Inc. (Nasdaq: CUEN & CUENW), a Fintech provider of mobile banking and payment solutions focused on Hispanic and Latino communities, in order to issue transit cards (tap and go) at participating… Read More

Adrienne A. Harris Appointed as Superintendent of the New York State Department of Financial Services

On January 25, 2022, the New York State Senate reportedly voted to confirm Adrienne A. Harris as the Superintendent of the New York State Department of Financial Services (DFS). Adrienne A. Harris stated: “I thank Governor Hochul for my nomination. I thank the New York… Read More

Visa Explains How a Small Loan to SMBs can Make A Meaningful Impact on Supporting Key Business Operations

Payments giant Visa (NYSE: V) notes that Sara’s Tamales in Portland, Oregon, is a small business built on a “big dream” — one that seemed quite “far-fetched” before owner Sara Rodriguez introduced her very first tamale cart. “When you don’t have the opportunities, the money… Read More

Amir Hemmat: CEO at Welcome Tech Explains How His Firm Assists Hispanic Population with Accessing Financial Services

Immigrants have been neglected by traditional banking and financial institutions. Our financial systems and related practices have been developed for a consumer who has been raised in the US or has a considerable amount of financial knowledge. Our systems tend to make many assumptions as… Read More

Digital Mortgage Exchange MAXEX Launches ESG Loan Programs Specifically For Minority, Women & Veteran-Owned Lenders

  MAXEX, a U.S.-based digital mortgage exchange, announced on Monday the launch of the first two programs in its new Environmental, Social and Corporate Governance (ESG) business line. According to MAXEX, the initial programs are designed to support the growth of minority, women, and veteran-owned… Read More

Regulation Crowdfunding: One year In Force 

    The new crowdfunding rules – Regulation Crowdfunding (Reg CF) – are celebrating 1 year anniversary of being in force on May 16th. The new rules open new opportunities for both sides. Business owners have an alternative to funding their companies from a bigger… Read More

Women & Minorities in Regulation Crowdfunding: High Success Rate Despite Low Representation & Lower Funding Levels

  Regulation Crowdfunding finished its fourth Calendar Quarter this past March and the data shows that women and minorities have a higher percent chance at hitting their minimum funding target but represent fewer campaigns and receive less capital. While the overall market is beginning to… Read More

Three Ways Crowdfunding Empowers Women & Minority Entrepreneurs

As I wrote last week, Yemani Mason is the founder and CEO of a new real estate crowdfunding platform called VestMunity. He is an innovator offering a hub for regular folks to access investment opportunities previously out of reach, in this case, the rehabilitation and… Read More

VestMunity Makes Fix & Flip Real Estate Investing Accessible for All

Innovative approach recognized with award from Citi and Village Capital Yemani Mason identified an accessibility problem related to real estate.  Real estate investing to build wealth has not been accessible to many Americans.  They lack the networks and required capital to participate.  So he launched… Read More

Crowdfund Capital Advisors Report: Crowdfunding is Powerful Tool for Women & Minorities

Women & Minorites Traditionally Shunned by Private Capital Markets See Huge Potential for Investment Crowdfunding and Access to Capital. Crowdfund Capital Advisors has published a report to highlight crowdfund investing as a powerful new tool to fuel the underserved women and minority markets.  The document… Read More

Kingonomics & Crowdfunding Minority-Owned Businesses

Rodney Sampson is a serial entrepreneur, investor and bishop from Atlanta, Georgia. He is also an author, having recently penned and released Kingonomics: Twelve Innovative Currencies for Transforming Your Business and Life Inspired by Dr. Martin Luther King Jr. In tandem with the release of the… Read More

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