#FinancialInclusion / The Cambridge Centre for Alternative Finance Launches the Cambridge Alternative Finance Collaboration Network

The CCAF is the leading Fintech research organization in the world… a “network of regionally embedded resources and capabilities engaged in the creation and exchange of knowledge needed by policymakers, regulators & industry to navigate the digital transformation of the global financial system.” [Director and Co-Founder of the CCAF:] “We are now entering a newContinue reading “#FinancialInclusion / The Cambridge Centre for Alternative Finance Launches the Cambridge Alternative Finance Collaboration Network”

#FinancialInclusion / The 21 year old entrepreneur building a community that builds credit

Growing up in a military family of nine, Michael Broughton spent most of his life in the vibrant communal cultures of Okinawa and Seoul. There he learned the importance of nurturing a family and community network even within the fast-paced realities of business. Upon his return to the U.S, Broughton observed a stark contrast toContinue reading “#FinancialInclusion / The 21 year old entrepreneur building a community that builds credit”

#FinancialInclusion / Fintechs helping immigrants navigate a new financial world

Several fintechs are focusing on working with or helping immigrant communities to improve their credit score, build a credit history and find other people who share the same cultural experience while providing financial tools and resources that empower them. Kristy Kim founded TomoCredit because she was personally frustrated in her 20s when she attempted toContinue reading “#FinancialInclusion / Fintechs helping immigrants navigate a new financial world”

#FinancialInclusion / Women in Fintech: A conversation with Earnest CEO Susan Ehrlich

Susan Ehrlich is the CEO of Earnest, a San Francisco-based consumer debt company that provides private student loans and student loan refinancing. The company was founded in 2013 and provides undergraduate and graduate student loans, co-signed loans, medical, law school and business school loans. The company says it provides a nine-month grace period when theContinue reading “#FinancialInclusion / Women in Fintech: A conversation with Earnest CEO Susan Ehrlich”

#PayTech #FinancialInclusion / Paysafe launches Paysafecash in US to enable online cash payments

Alternative payment solution powered by InComm Payments promotes financial inclusion by allowing Americans to transact securely online with cash The solution will particularly appeal to the 22% of U.S. households that are either underbanked or unbanked, according to research from the Federal Reserve1. With no need of a bank account or to share sensitive financialContinue reading “#PayTech #FinancialInclusion / Paysafe launches Paysafecash in US to enable online cash payments”

#FinancialInclusion #PFM / Mozper lands $3.55m to launch kid debit card in Mexico

Mozper, a debit card for kids and parents, has launched in Mexico following a $3.55 million seed raise… In August, Mozper – with the help of partner Visa – launched its closed beta with 500 families… Like many of its international competitors – goHenry, Greenlight, and Step who have also raised capital in recent monthsContinue reading “#FinancialInclusion #PFM / Mozper lands $3.55m to launch kid debit card in Mexico”

#FinancialInclusion / Galileo Partners with TomoCredit to Introduce Inclusive Credit Card for Next Generation of Consumers Lacking Credit History

New startup offers access to credit for millions without credit histories, such as students and immigrants [Galileo announced] … that it’s powering the new fintech startup TomoCredit, offering the only credit card that doesn’t require a credit score or credit history. [Founder, TomoCredit:] "I quickly realized that without good credit, everything is more difficult… IContinue reading “#FinancialInclusion / Galileo Partners with TomoCredit to Introduce Inclusive Credit Card for Next Generation of Consumers Lacking Credit History”

#FinancialInclusion / GoHenry, a pre-paid card and finance app for 6-18 year olds, raises $40M

The startup now has 1.2 million members — a figure that includes both parents and children — and it has doubled its customer base annually for the last six years. .. In its home market of the UK… parents paid in £98 million in pocket money in 2019, with their children getting more than £2.2Continue reading “#FinancialInclusion / GoHenry, a pre-paid card and finance app for 6-18 year olds, raises $40M”

#FinancialInclusion / Pockit raises over £500k in its debut crowdfunding

The fintech says on its Crowdcube page that it will use the money to make its product available in more places across the globe, pointing to international expansion plans. Pockit is designed with those still underserved by UK banks in mind. The fintech hosts a current account “designed for every consumer, no matter their creditContinue reading “#FinancialInclusion / Pockit raises over £500k in its debut crowdfunding”

#FinancialInclusion / Greek challenger Woli to launch “neobank for families” next year

Woli, an Athens-based start-up, founded itself back in May to create a digital banking offering for families… Not dissimilar from other child-focused banking apps, Woli will also send instant notifications to parents on kids’ spending. Guardians can also switch the card on or off if they want to restrict spending. But Woli’s aspirations stretch beyondContinue reading “#FinancialInclusion / Greek challenger Woli to launch “neobank for families” next year”