Featured on Mastercard Newsroom

MoCaFi was featured on Mastercard Newsroom, in an article titled How a fintech founder sought purpose after justice.

Here’s an excerpt from the article:

In the late summer of 2014, Wole Coaxum was glued to the television in his Wall Street office. He watched in horror as violent riots broke out in Ferguson, Missouri, after police fatally shot unarmed Black teenager Michael Brown. To Coaxum, who is Black, it was unfathomable to see similar images he grew up watching in documentaries about the Civil Rights movement — and hear the same conversations about how to solve racial problems.

“I heard excellent analysis around what was going on and why — but I saw very little in terms of real sustainable solutions to bring economic plans to communities of color,” says Coaxum, 50, who grew up in Cleveland, the son of activist parents. “I thought maybe this is the chance to use this moment and my skills to get involved.”

At the time, he was a head of sales at JP Morgan Chase Inc. in New York. After spending a year puzzling over how to make a difference, Coaxum left his lengthy career in corporate finance. “Enterprise is all about going on faith,” he says with a laugh.

Continue reading the full article on Mastercard.com.