Left to right: Abim Kolawole (Northwestern Mutual), Kevin Barrow (Mark Labs), Bobola Odebiyi (CrossKudi), Ablorde Ashigbi (4Degrees), Fonta gilliam (Wellthi), Nneka Ukpai (Wellthi), Craig Schedler (Northwestern Mutual). Milwaukee-based CrossKudi is one of five startups to be selected for the second cohort of Northwestern Mutual’s Black Founder Accelerator program. Northwestern Mutual on Tuesday unveiled the second class of Black-ledContinue reading “Milwaukee-based money transfer platform selected for Northwestern Mutual’s Black founder accelerator”
By Andy Medici – Senior Staff Reporter, Washington Business Journal Oct 15, 2020, 12:50pm EDT It took years — and a product and slate of customers — for the D.C. lending platform startup to bring bigger investors into its fold Full article here.
Today the award-winning global startup engagement program Mastercard Start Path welcomes 11 fintech companies to receive dedicated support, access to customers and product teams, and opportunities to co-innovate. Finmod, Flourish Savings, GenEQTY, Karri, KeyChain Pay, Kwara, Layer, Osper, Swap, upSWOT and Wellthi have been selected to participate and are using gamification, behavioral science, social banking platforms andContinue reading “Mastercard StartPath Selects Wellthi for Prestigious Fintech Program”
For Release WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the selection of eight teams to participate in a ‘tech sprint’ designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers. Read full article here.
How they describe themselves: Invest Sou Sou is a smart social banking account designed to help community banks cultivate low-cost deposits and credit-ready borrowers in a secure and cost-efficient way. Our technology leverages the power of social networking, peer accountability, and artificial intelligence (AI) to help people save.. Read full article here.
When Fonta Gilliam joined the foreign service out of school, she didn’t expect it would lead her to entrepreneurship. But after seeing community lending in practice throughout her work in East Asia and Africa, Gilliam wondered what would happen if she combined these traditional practices with new financial.. Read the article here.
For people who can’t get a bank loan, there’s a global tradition that provides an alternative for financing: a lending circle. People regularly contribute to a fund and intermittently withdraw amounts when it’s their turn. In West Africa and the Caribbean, it’s called “sousou.” Read full article here.