Black, Female-Owned Startup Awarded $10,000 JPMorgan Chase Grant

Startup, WealthyLife, seeks to equip more people with financial literacy.

WealthyLife, a black female-owned startup

At the 2016 Color of Wealth Summit, organized by the Center for Global Policy Solutions, a tech startup by the name of WealthyLife won a $10,000 grant from JPMorgan Chase. The startup received the grant during the financial inclusion innovation competition held at the summit. WealthyLife has a goal of ending poverty by providing financial literacy education, and developing a financial literacy app.

Co-founder Angel Rich, who worked alongside Courtney Keen and Shyaam Sundhar, expressed her immense gratitude for having won the grant, “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 JPMorgan Chase.”

The grant will also enable the women to transform their online CreditStacker application into a mobile app. CreditStacker is a financial education game, “an innovative financial play on credit reports. The pieces will look and feel like credit items, accumulating over your life span to impact your credit score and net worth.” As a mobile app, CreditStacker will continue to instruct players in a financial literacy, providing skills for managing different types of credit and interpreting a credit report.

Without a doubt, the receipt of this grant has enabled these women to provide financial literacy to those who may not otherwise receive it. This agrees with the mission statement for JPMorgan Chase, in the words of managing director Janis Bowdler: “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.”

Photo source.

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