The financial technology, or fintech, revolution is gaining momentum in the MENA (Middle East/North Africa) region. Fintech investments in MENA totaled $18 million in 2016. In 2017, that figure was surpassed by a single $20 million round raised by the payment platform Paytabs, leading to heightened interest among investors: Wamda Research Lab, for example, puts total 2017 fintech investments in MENA at more than $50 million, a 270 percent year-over-year increase.
Consumer debt has reached record highs amid an economy that, on the surface of things, looks more robust than at any point since the Great Recession. Unemployment is at historic lows, and wages are up, leading to many optimistic interpretations of current debt trends. Yet signs continue to point to the fragility of many families’ finances. Costs of healthcare, housing, and food have all risen faster than increases in income. Debt in collections appears on one-third of all consumer credit reports.
Mohammed Ali and his siblings had been driving past the vacant gas station on the east side of Saint Paul, Minnesota for years before they finally decided to make an offer to buy it—with the idea of opening a restaurant and grocery store catering to the neighborhood’s vibrant community of immigrants.
Naffie Baldeh was 27 when she decided to go back to school. A single mother in the South Bronx, she’d been in and out of community colleges over the years as her family obligations and financial circumstances allowed.
Trickle Up helps ultra-poor women and youth move out of poverty. They use the "Graduation Approach," which includes financial literacy, grant capital, a safe place to save, access to credit and continuous coaching.
Global platform continues to lead conversation on financial health and inclusion
NEW YORK, April 26, 2018 /3BL Media/ – MetLife Foundation announced today its fourth year as sole sponsor of Multipliers of Prosperity, an award-winning online thought leadership platform developed in partnership with WSJ. Custom Studios. The online site facilitates a global conversation on the financial health of low- to moderate-income people, and showcases the innovative and important solutions being implemented by both nonprofit and private sector financial services providers.
The Financial Clinic will scale its rigorously evaluated financial coaching model to benefit jobseekers nationwide
Brooklyn, NY, April 11, 2018 /3BL Media/ -- The Financial Clinic (the Clinic) announced today the launch of WorkBOOST National, a three-year initiative that will bring financial security approaches to scale, made possible by a $2.5 million grant from MetLife Foundation.
NEW YORK, April 9, 2018 /3BL Media/ – MetLife Foundation and Verb announced today the launch of Inclusion Plus in the United States as part of a global competition for entrepreneurs, nonprofits and other social impact organizations focused on addressing the financial health needs of low- to moderate-income people.