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Ashley M. Fox has had dreams of working on Wall Street since she first decided to attend Howard University. Little did she know that this vision would soon propel her into entrepreneurship. After conquering what some would deem the inevitable, Fox not only became the first person in her family to attend and graduate college, but she also landed her dream career of working with one of the largest banks in the world. Still, there was a desire for more. “After about eight months at my job, I felt like I didn’t have the desire to be the best person on Wall Street, I wanted to be like the client,” Fox told A FROTECH™. “I realized that no matter how long I stayed in my Wall Street job, yes, I was making perfect money, but our clients had at least $25 million or more and I felt like I deserved to be on the other end of the table.” View this post on Instagram A post shared by Ashley M. Fox (@_ashleymfox) Fox built that table for herself and those who look like her through Empify. “The...
Students will now have a chance to pursue higher education without the burden of crippling debt, and it’s all made possible thanks to a new partnership between award-winning mobile application Scholly and American actor Jesse Williams. According to a press release provided to AfroTech, the initiative — Pay It Off Fund — will allow four students to secure up to $25,000 each to pay off their student loan debts.
Since its launch, Greenwood has prioritized Black and Latinx individuals and business owners through its banking services. Now, the biggest and Black-owned digital banking platform is looking to further support the community with its latest acquisition. According to a press release, Greenwood has acquired The Gathering Spot — a private members-only club for Black professionals.
If you want to learn how to build a tech company, come to Greenwood! The Black-led and founded tech-enabled digital banking platform was built solely with Black people, Latinos, and true allies of the culture in mind. Now, the mission continues by offering the community the resources needed to build their own empire. In an all-new series, “The Making Of A Black Tech Company,” the platform is providing a firsthand look into how we all can play a role in bridging access and wealth gaps through financial solutions. Throughout the show, viewers will learn more about the company’s special approach to building a company rooted in tech. They will also hear directly from the company’s leaders and a few familiar celebrity faces who have invested not only funds but time and energy into Greenwood since its inception.
The global neobanking market is expected to reach an estimated $723 billion by 2028, according to Grand View Research. As more people handle their finances online, the neobanking industry has been getting a lot of love, but what are neobanks anyway? Neobanks are digital-only financial institutions that operate similarly to traditional banks, but without physical branches, The Balance explains. You typically access neobanks through mobile applications and online platforms. While neobanking can be convenient, have lower costs and are more easily accessible, they don’t have the same accreditation as traditional banks and are regulated much less. Above all, neobanking requires access to technology and internet, a luxury that not everyone has. Another thing to think about with neobanking is that even with access to technology and internet, consumers have to be comfortable and trust tech in order to invest in using online-only banking systems. Some neobanks like N26, Atom Bank and Monzo...