Episode eight of our new podcast series, Money + Meaning: Unlikely Allies Building New Markets for Impact is now available!
Unlikely Allies: Tech + Government for an Inclusive Economy
How can a cross-sector partnership between a financial services firm and a government official help build a more inclusive, equitable economy?
When Tishuara Jones took office as Treasurer of the City of St. Louis, Missouri, she was troubled to learn that a full 1/3 of African Americans in the St. Louis area were either unbanked or underbanked. She decided to tackle that problem head on and to spread financial empowerment across her entire community. She opened the first Office of Financial Empowerment in St. Louis and began seeking out partnerships with organizations that are building financial inclusion solutions. That led her to LendUp, a financial services company focused on serving the unmet needs of the emerging middle class.
In this episode of Money + Meaning, host Liz Maxwell speaks with Jones and Jotaka Eaddy, Vice President of Policy, Strategic Engagement, and Impact of LendUp, to discuss their partnership and some of the innovative solutions they are working on together, including a savings program that is helping children in St. Louis save for college. Listen to episode 8 to learn more about Jones’ efforts in St. Louis, and some of the other innovative ways LendUp is using technology and behavioral economics to increase the financial health and literacy of the emerging middle class.
About Money + Meaning
Money + Meaning is the official podcast of SOCAP. This series aims to expand the conversation around impact investing and strategies to finance and support social change while stimulating innovative and valuable new partnerships across sectors.