Fintech for an
equitable society
MoCaFi Financial Services as Infrastructure™ is a turnkey fintech platform for government and philanthropic organizations to provide individuals and families with cash assistance, mobile banking, and financial programming that create pathways to wealth.
Every year, billions in federal funding for Americans experiencing financial headship goes unused
Households did not receive cares act payments*
In earned income tax credit left on the table for 5M people annually**
Unfunded for temporary assistance for needy families**
Financial services
as infrastructure
We work with with municipalities, financial institutions, community-based organizations, and private companies to create scalable, sustainable, low-fee infrastructure for financial inclusion at the consumer-level.
Digital benefit payments
Distribute millions in one-time or monthly payments on a prepaid debit card with no-fee ATM access.
Mobile banking solutions
Off the shelf or custom-branded demand deposit account programs with physical debit cards, contactless payment capability, a mobile banking app, and 24×7 customer support.
Self-service online payments portal
Control individual or bulk shipments of reloadable cards across multiple programs and agencies and message participants to increase adoption rates.
Local community engagement
Build program awareness and onboard individuals to full participation with product launches, lifecycle marketing, financial education and coaching programs at scale.
We believe in the radical idea that high-quality, low cost financial services can close the opportunity gaps preventing 90 Million Americans from fully pursuing prosperity
$100 MILLION
In government and philanthropic funding disbursed to 60,000 people in 15 cities.
80,000+
Platform Users
60,000
Immediate Response Cards
20,000
Mobile Banking Accounts
240,000
Individuals impacted by Cash Assistance
4,000+
Families received rent and utility assistance
CASE STUDY:
Angeleno Connect,
Los Angeles, CA
MoCaFi has partnered with Los Angeles to launch Angeleno Connect – a digital platform to provide residents with contactless access to cash benefits, city services, and a low-fee mobile banking account. Angeleno Connect supports programs such as LA’s BIG LEAP, the largest city-led Guaranteed Income pilot in the US, emergency rental assistance and homeless services. These programs impacted the lives of 16,000 families.
Source: Mayor’s Fund for Los Angeles
Source: Birmingham Business Alliance
CASE STUDY:
Emergency rental assistance,
Birmingham, AL
MoCaFi is partnering with the City of Birmingham to disburse Emergency Rental Assistance Program (ERAP) funding to assist residents unable to pay rent or utilities in the aftermath of the pandemic. MoCaFi’s efficient disbursement supported Birmingham in receiving four rounds of funding. $14 million has been disbursed to date to over 3,000 families. Birmingham is the #1 city in Alabama and the city has been recognized as one of the most effective in the country in disbursing rental assistance dollars.
“SOCIAL JUSTICE WITHOUT ECONOMIC JUSTICE IS LIKE ONE HAND CLAPPING”
— WOLE COAXUM, FOUNDER & CEO, MOCAFI
OUR MISSION
To help excluded communities create wealth through better access to public, private, and social capital.
