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Mobility Capital Finance Inc Receives Capital Investment from Mastercard

Investment , Payments 05:53 pm The inequities in today’s financial system have left many Americans without access to affordable services, instead relying on payday lending, expensive cash checking services and remittance fees. Mobility Capital Finance (MoCaFi), a financial technology, mobile-first banking platform, and Mastercard are partnering to bring alternate financial services to underserved communities with a specific focus on providing tailored digital tools, and new payment cards to low wealth minority and Black communities. Mastercard has now furthered its commitment with a capital investment in MoCaFi. MoCaFi and Mastercard have been working together via the Mastercard StartPath program, an award-winning startup engagement program a springboard to help later stage startups maximize their opportunity for success. The new investment will enable the expansion of MoCaFi’s card programs and solutions to help address the inequities in the financial system for the un

United statesSan franciscoWole coaxumMastercard money connect solutionsMobility capital finance incMobility capital financeReceives capital investmentBlack americanஒன்றுபட்டது மாநிலங்களில்சான் பிரான்சிஸ்கோமாஸ்டர்கார்டு பணம் இணைக்கவும் தீர்வுகள்இயக்கம் மூலதனம் நிதி இன்க்இயக்கம் மூலதனம் நிதிகருப்பு அமெரிக்கன்

Mastercard invests in Mobility Capital Finance

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Mastercard invests in Mobility Capital Finance 26 February 2021 Source: Mastercard The inequities in today’s financial system have left many Americans without access to affordable services, instead relying on payday lending, expensive cash checking services and remittance fees. Mobility Capital Finance (MoCaFi), a financial technology, mobile-first banking platform, and Mastercard are partnering to bring alternate financial services to underserved communities with a specific focus on providing tailored digital tools, and new payment cards to low wealth minority and Black communities. Mastercard has now furthered its commitment with a capital investment in MoCaFi.

United statesSan franciscoMichael fromanWole coaxumMastercard money connect solutionsStrivers initiativeCapital financeMastercard start pathBlack americanVice chairmanStrategic growthஒன்றுபட்டது மாநிலங்களில்சான் பிரான்சிஸ்கோமைக்கேல் ப்ரோமன்மாஸ்டர்கார்டு பணம் இணைக்கவும் தீர்வுகள்மூலதனம் நிதி

United Way of New York City Officially Announces the Together We Thrive: Black Business Network, a Coalition to Aid Black-Owned Businesses

Share this article Share this article NEW YORK, Feb. 23, 2021 /PRNewswire/ United Way of New York City (UWNYC) today officially announced the Together We Thrive: Black Business Network, a broad coalition of government, nonprofit, and corporate partners to support Black-owned businesses in New York City. Major partners of Together We Thrive include the New York Forward Loan Fund, Hester Street, Mobility Capital Finance (MoCaFi), Greater Jamaica Development Corporation, New York Immigration Coalition, and Perch Advisors. Together We Thrive will also be collaborating with Black Entrepreneurs NYC (BE NYC), an initiative of the New York City Department of Small Business Services, to provide resources and support to NYC s Black businesses. The Network s Community Development Financial Institutions (CDFI) partners include LISC NYC and TruFund. Bank of America (BofA) a long-standing corporate supporter of UWNYC for decades has made a critical, early commitment of $500,000 to laun

New yorkUnited statesColumbia universityCity of new yorkPaul papasAmerica bofAnne smithAnne walkerSheena wrightWole coaxumJonnel dorisMeric gertlerMobility capital finance incNetwork community development financial institutionsFederal reserve bankPace small business development center

New wave of fintechs make communities of color top priority

New wave of fintechs make communities of color top priority
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20 Minutes With: Wole Coaxum, Founder and CEO of MoCaFi

Resize icon Wole Coaxum, founder and CEO of MoCaFi, saw more than police brutality and racial bias when Black teenager Michael Brown was killed by a white police officer in Ferguson, Mo., in 2014. As Coaxum, 50, watched protests on the news, he saw a community in pain, suffering from many generations of systemic injustice. The former JPMorgan Chase director thought about what he could do to address racial and economic inequalities, and jumped into problem-solving mode. “While the killing of an unarmed teen by a police officer was horrible and troublesome to me as an American citizen, I looked at the socioeconomic factors that informed the environment in which Michael Brown existed,” Coaxum says.

United statesLos angelesLouis moWole coaxumMichael brownGeorge floydTrans unionUs census bureauWells fargoMobility capital financesUnited wayஒன்றுபட்டது மாநிலங்களில்லாஸ் ஏஞ்சல்ஸ்லூயிஸ் மோமைக்கேல் பழுப்புஜார்ஜ் ஃப்லாய்ட்