Around a fifth of African Americans say that when it comes to investments and financial planning for their family’s future, their knowledge is lacking. Crowdfunding platform Buy The Block is tackling this problem by helping them easily invest in real estate and support their community in the process.
The underbanked represents more than 88 million individuals and nearly $1.3 trillion in wages. And young people of colour make up a large proportion of this, despite their size and spending power. How is My Money My Future reaching out to this group using technology and pop culture?
For women of colour, finding a nearby stylist within a reasonable price range can seem like a near-impossible task. The Bantu app offers a solution for people seeking care for their ‘kinky, coily, and curly hair’, providing them with access to prices, available styles and reviews in their area.
Retail investment is changing, with algorithms set to replace personal advisors as Wall Street is ‘Uber-ified’. Aiming to give Gen Yers more control over their cash, Motif Investing lets users build their portfolios by theme, from gay-friendly to fossil-free. Can it give the robots a run for their money?
The Startup Hour is a TV show that combines ‘the excitement of a reality TV contest with the urgency of the New York Stock Exchange trading floor’. Promising a new twist on an old format, are people ready to combine cold hard cash with light evening entertainment? Or is it just another gimmick?