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National non-profit organization Black Economic Alliance Foundation has partnered with Deloitte to promote financial inclusion.  What is financial inclusion?  Financial inclusion allows people of color access to financial services and systems that will better enhance their economic status. Financial inclusion is the bridge between economic opportunities and the racial wealth gap. The more access underrepresented families have to financial services, the easier it will be to help close the racial wealth gap.  Deloitte’s partnership with the Black Economic Alliance Foundation Deloitte has committed $10 million over the next five years

Thanks to a grant from Michael Jordan and Jordan Brand, Next Gen Personal Finance (NGPF) will provide high schoolers with access to life-changing personal finance education. The grant was made through Michael Jordan and Jordan Brand’s Black Community Commitment (BCC), an initiative committed to supporting businesses that commit to building racial equality, and social justice and providing students with greater access to education. The high school program will be modeled after NGPF’s highly successful Finance Equity and Empowerment (FEE) grant program, which NGPF first launched in 2020 to increase financial

US-based fintech startup Deposits raised $5M in seed funding to develop its platform. The funding round led by ATX Venture Partners also included Cabal Fund, Lightspeed Venture Partners, and others.  The Dallas-based finance startup, co-founded by Joseph Akintolatyo and Daniel Paramo, is a cloud-based fintech platform that helps credit unions, community banks, insurers, retailers, and brands seamlessly implement digital banking tools onto their platforms. The program also allows companies to put together a package of financial features, including mobile apps, debit and credit accounts, virtual cards, peer-to-peer payments, and lending. Akintolatyo and Paramo launched Deposits

Is there anything the Grammy-award-winning musician can’t do?  After releasing his fifth studio album, Kendrick Lamar is moving into new territory with billionaire investor Ray Dalio and comedian ExavierTV to discuss all things money as a part of Cash App’s ongoing “That’s Money” campaign.  Popular finance app, CashApp, announced the launch of its new commercial on its YouTube channel. According to the clip, EXavier saved up money to open his franchise but lost it all due to gambling. Kendrick asks for Dalio’s opinion on the situation, and he explains exactly where he

Kinly has announced a new partnership with data aggregation platform MX, a financial data aggregation tool, to help the company build and enhance its custom-built financial tools. The Atlanta-based financial tech company, Kinly, is dedicated to helping Black Americans build generational wealth. The platform offers members a range of benefits, including a Visa debit card and early wage access. In addition, it gives members access to financial education to help them improve their economic outcomes. The partnership with MX will see the platform introduce a range of embeddable user interfaces