American Fintech Council (AFC), The Leading Voice in Fintech, Adds 10 New Members, Diversifying Fintech Industry Participation
Introduces the formation of a community advisory board consisting of leading consumer groups, CDFI s and academic leaders to help further promote responsible innovation and dialogue
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WASHINGTON, March 8, 2021 /PRNewswire/ The American Fintech Council ( AFC ) has expanded its membership, adding 10 additional members and broadening to include digital banks, robo-advisors, RegTech and other fintech firms. New members include some of the country s leading neobanks, Varo and GreenDot, employer-based financial product provider, Salary Finance, and RegTech firm, Hummingbird, a compliance management platform for fintechs. AFC has also introduced a Community Advisory Board to further its mission in promoting policies that advance responsible innovation and inclusivity within financial services.
American Fintech Council (AFC), The Leading Voice in Fintech, Adds 10 New Members, Diversifying Fintech Industry Participation
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American Fintech Council (AFC), The Leading Voice in Fintech, Adds 10 New Members, Diversifying Fintech Industry Participation
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BETHESDA, Md., March 3, 2021 /PRNewswire/ A diverse group of community finance organizations today announced the Southern Opportunity and Resilience (SOAR) Fund, which aims to raise $150 million to provide affordable capital and free business support to small businesses and nonprofits in 15 southern and southeastern states to help them navigate and rebuild from the Covid-19 health and economic crisis.
The SOAR Fund was created by community lenders in the South to provide economic recovery loans to small businesses in their communities at a time when they are facing unprecedented health and economic challenges. The loans are designed to reach the smallest of small businesses and those that have been historically underbanked - the type of businesses that this coalition of lenders have been serving for decades. These businesses often struggle to access capital from traditional sources but are critical to providing jobs and supporting economic