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The AlleyWatch Startup Daily Funding Report: 6/1/2023 – AlleyWatch

Alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers. ....

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Fintech startup from JPMorgan alum raises $24.5M

MoCaFi knows how to reach the underbanked with financial services ....

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With shutdown of Cantrell's nonprofit, what will happen to private funds?

The nonprofit, set up in 2018 as Cantrell’s post-election transition fund, later evolved into a philanthropic arm of her administration. ....

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Black-Owned and Black-Led Banks Are Shrinking the Wealth Gap. Where to Find One in All 50 States

Black-owned banks across the country are helping their communities overcome financial obstacles. Here’s how you can support one near you: ....

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Why Banks Are Failing Millions In America : 1A

The Federal Reserve estimates there are more than sixty million Americans who are either unbanked or underbanked.That means around one in five adults in the U.S. rely on services like money orders, payday loans, or check cashing to manage their finances. They often avoid banks because of short-term fees, but other services can be even more expensive over time. Many also avoid traditional banking because of distrust for financial institutions. As part of this year s Aspen Ideas Festival, we recently spoke to three guests who are all deeply invested in rebuilding that trust and changing a financial system that excludes too many.We discuss why traditional banking is failing so many Americans and how the system can be fixed. Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Find us on Twitter @1A. ....

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