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About Us
We’re hacking the Racial Wealth Gap by empowering community organizations and community banks with innovative solutions for financial inclusion in underserved communities.
Meet the Team
Founder Story:
Our journey began with a vision to create financial empowerment for communities like Englewood and Roseland, where we grew up witnessing the decline of community banks and the rise of predatory financial services. These changes left our neighborhoods vulnerable, and we knew we needed to take action to restore economic stability and hope.
With a collective background in accounting, software development, and business operations, we understood how financial systems were structured—and how they often kept marginalized populations from progressing. We saw an opportunity to use our expertise to build a fairer system, one that empowers people to support their families and grow.
We’re committed to restoring economic equity and empowering our community to build a prosperous future. For us, Econofi is a way to give back and make a lasting impact in the neighborhoods that shaped us.
Why Econofi?
Big banks and finance giants are racing ahead, pouring resources into new technologies to better serve their customers and themselves. But what about the community banks? These institutions, vital to their local areas, are struggling to keep up—lacking the resources to innovate at the same pace.
At the same time, millions of Americans remain unbanked or underbanked, relying on predatory services like payday lenders and check-cashing outlets. These people—who spend billions in fees just to access their own money—deserve better.
Econofi bridges the gap between community banks and underserved populations, delivering innovative, accessible solutions that empower both. Our technology equips community banks with the tools they need to compete with the biggest players in the industry while reaching the people who need them most.
What Sets Us Apart?
Bill, our technical co-founder, didn’t just conceive the idea behind Econofi—he wove firsthand experiences and those of our community directly into the code. This human-centered responsiveness ensures that our solutions aren’t just innovative but grounded in the lived realities of the people we serve. We learn directly from them, using their unique needs to drive product innovations that genuinely promote financial inclusion—delivering what larger competitors often overlook.
Mission
Your zip code shouldn’t determine your financial future. Yet, in too many communities, access to modern financial services is limited, holding people back from building the life they deserve. We believe that if you have a strong community bank, you can build a strong community. That’s where Econofi comes in. Our mission is to empower Community Banks with cutting-edge fraud-prevention technology designed to serve unbanked and underbanked citizens safely.
By closing the financial inclusion gap, we’re reimagining what’s possible for local economies, building a foundation for growth and resilience where there was once exclusion.
Vision
Financial equity shouldn’t be a far-off dream—it should be the standard. For too long, underserved communities have been left behind, trapped by financial barriers that make it harder for families to break free from cycles of poverty, build lasting financial independence, and access the resources they need to grow and prosper.
By partnering with Community Banks, we’re removing these barriers and repairing historical inequities in the financial system, ensuring communities have the resources to succeed. This isn’t an unrealistic ideal; it’s an achievable reality. With innovative technology and affordable financial services, everyone can have the opportunity to thrive, no matter where they start —creating a solid foundation for future generations.
Values
- Equity: Everyone deserves access to financial services that are fair, affordable, and modern—no matter their zip code or background.
- Empowerment: We believe that financial empowerment creates lasting, positive change in communities.
- Excellence: We provide Community Banks with world-class tools to better serve their communities, ensuring that local economies thrive, and people have access to the financial services they deserve.