Black women founded tech startup focusing on ending poverty using financial literacy program; WealthyLife has earned a $10,000 grant by JPMorgan Chase. The grant is to be used by WealthyLife to build a mobile app on which users can easily access their financial literacy programs.
The announcement of the grant to the startup was made during the Center for Global Policy Solutions (CGPS).
One of the co-founders of WealthyLife, Angel Rich said, “As an entrepreneurial team of Black women, we’ve experienced firsthand the challenges underrepresented communities face when it comes to financial inclusion and access to capital, so we’re thrilled and thankful to CGPS and the JP Morgan Chase.”
Her other co-founders are Courtney Keen, Shyaam Sundhar, and Autumn Leatham. The four wants to make a mobile app version of their online app CreditStacker, which is a financial education game teaching users matters credit reports and credit scores. Essentially the game gives users pieces that look and feel like credit items that accumulate with time and has impacts on the gamers’ credit score and net worth.
CreditStacker will also be offered as a free value addition service by ConnectHome, public-private collaborations making broadband accessible and cheaper to homes.
Rich added, “This grant will help us bring CreditStacker to the people who need it as a mobile app, furthering our mission to provide equal access to financial literacy for everyone.”
Janis Bowder, the Managing Director, Financial Capability, Community Development and Small Business at JPMorgan Chase, said, “JPMorgan Chase’s philanthropic work supports a range of programs to help people, particularly those from low- and moderate-income communities increase savings, improve credit, reduce financial shocks, and build assets.”