Press - Mocafi

MOCAFI, RAISES $23.5 MILLION IN SERIES B FINANCING

May 31, 2023 | Press

FOR IMMEDIATE RELEASE Date: Wednesday, May 31 Contact: press@mocafi.com MOCAFI, FINTECH PLATFORM TO CLOSE THE RACIAL WEALTH GAP, RAISES $23.5 MILLION IN SERIES B FINANCING Commerce Ventures led Series-B round, with participation from new strategic investors including...

Wells Fargo Aims To Alleviate Financial Barriers For The BIPOC Community, And Black-Led Fintech Startup MoCaFi Is Helping To Make It A Reality

May 23, 2023 | Press

A Black dollar is a powerful tool. From the popularity of fashion items in culture to the work to overcome systemic barriers, the Black community works in various ways to build, accumulate, and maintain wealth. But in the words of Langston Hughes, “Life for me ain’t...

Key to the city: How a ‘pro bono’ smart cities consultancy and its partners in finance and tech worked to bring a municipal ID program to New Orleans

May 22, 2022 | Press

In May, the city of New Orleans began sending out cash payments to a small group of residents for a 10-month pilot universal income program. Using grant funds from the advocacy group Mayors for a Guaranteed Income, the city began paying 125 young people $350 per month...

Mastercard and Stride Team Up to Bring Portable Benefits to Gig and Independent Workers

Oct 19, 2020 | Press

MoCaFi and Jobble among the first Mastercard partners to provide their cardholders access to affordable, comprehensive benefits The rise of the gig and independent economy has led to a need for accessible benefits options, as well as the flexibility to move benefits...

MoCaFi in PR News Wire

Jul 30, 2020 | Press

MoCaFi to Launch Revolutionary Banking Platform Targeting Communities Impacted by Economic Shifts African American owned fintech has updated banking services and introduced the MoCaFi Mobility Debit Mastercard® to benefit the financial needs of Americans facing...

MoCaFi in the NY Times

Jun 30, 2020 | Press

The June 30, 2020 NY Times featured Wole Coaxum, MoCaFi Founder and CEO, in a discussion about how entrepreneurs of color are working on new business models to address income inequality and a resulting lack of access to the financial system for communities of color....