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MOCAFI, RAISES $23.5 MILLION IN SERIES B FINANCING
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
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
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
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
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
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....
Wole Coaxum on CNBC’s Closing Bell
On Juneteenth – Friday, June 19, 2020 – MoCaFi Founder & CEO Wole Coaxum appeared on CNBC’s Closing Bell to talk about Juneteenth and the immediate urgency for economic emancipation.
Wole Coaxum in Color Magazine
You work. Let EITC work for you! For more than 40 years, the Earned Income Tax Credit made life better for millions of workers. You may have extra money waiting for you. If you qualify and claim the credit, it could be as much as $6,935 from the IRS for some workers....
Wole Coaxum, MoCaFi Founder and CEO, on WABC’s Here and Now with Sandra Bookman
Our Founder and CEO, Wole Coaxum appeared on WABC’s Here and Now with Sandra Bookman to discuss economic disparities and how MoCaFi is working to ensure that unbanked and underbanked communities have access to the financial services and resources they need to survive...
MoCaFi Raises $3.5M In Seed Round As They Advance Efforts To Address The Wealth Gap
MoCaFi RAISES $3.5M IN SEED ROUND AS THEY ADVANCE EFFORTS TO ADDRESS THE WEALTH GAP Radicle Impact Partners leads Series Seed round for the mobile banking platform which provides innovative financial tools that foster economic mobility in underbanked communities...