Imagine a world where everyone, no matter where or to whom they were born, has access to the information and tools to build a nest egg for themselves and their families.
Today, this world is difficult to envision—particularly for the 40 million American workers who lack education about and access to mainstream financial services. Forget about a rainy day fund—these employed workers don’t even have bank accounts to store their weekly pay check. An unexpected expense, like a medical emergency, places these people in a vulnerable position to predatory lenders—a position that all too often either ends in or compounds poverty.
We stand on the shoulders of giants
Brilliant innovators like Professor Peter Tufano and his team at the Doorways 2 Dreams (D2D) Fund. Thorough and well-entrenched researchers like the Center for Financial Services Innovation and the FDIC. Compassionate and customer-centric practitioners at social impact organizations like Community Financial Resources and the Office of Financial Empowerment.
Through these partners and friends, we’ve learned about the amazing power of alternative asset building and how to reach the financially underserved effectively. As a for profit social impact organization, we believe our most valuable contribution to the cause is to identify win/win scenarios and bring all the constituencies into alignment.
We, as a nation, can and should lead by example for the rest of the world. We at PayPerks pledge to do our part and hope that you'll join us in our quest.
Proud Star Sponsor of Money2020