Amass believes creating wealth for Black people cannot be rooted in traditional methods such as working 40 hour work weeks and creating a 401k account. To drastically change the wealth positions of Black households, removing barriers to entry through Amass’s three focal points will be the key to alternative investments.

Amass will educate its members and provide an opportunity to build credibility as they learn the fundamentals of investments. According to a press release sent to AfroTech, the platform features a knowledge bank personalized for Black investors, informational pieces, and self-paced courses. Members will have an opportunity to land investment deals in real estate, venture capital, and cryptocurrency over time.

“We want to make sure our resources are working to meet people where they are. If you already know everything great, here are opportunities. If you want to learn more about a particular subject, great, we’re going to focus on creating content to help bring you along your journey,” Hughes shared with AfroTech.

Members will never be alone as they will join a growing community ready to secure financial opportunities. Amass’ third tool is to ensure its members will have access to deals that may not have been afforded to them otherwise.

“If you can’t get the deal or know a company is raising money, you can’t get on the table,” he said. “That is an access challenge. We are creating ways to access opportunities that folks may not traditionally find.”

Abby Coleman

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