EVERY YEAR, BILLIONS IN FEDERAL FUNDING FOR AMERICANS EXPERIENCING FINANCIAL HARDSHIP GOES UNUSED
HOUSEHOLDS DID NOT RECEIVE CARES ACT PAYMENTS*
IN EARNED INCOME TAX CREDITS 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
IN GOVERNMENT AND PHILANTHROPIC FUNDING DISBURSED TO 60,000 PEOPLE IN 15 CITIES
Immediate Response Cards
Mobile Banking Accounts
Individuals impacted by Cash Assistance
Families received rent and utility assistance
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