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Fintech for Good: Surviving Financial Emergencies

How innovative Fintech companies address this challenge

Limited access to affordable financial services for many Americans is deepening the wealth divide across the U.S. According to the Federal Reserve, 40% of American adults wouldn’t be able to cover a $400 emergency with cash, savings, or a credit-card charge that they could quickly pay off. Unfortunately, the pandemic exacerbated this reality, and a segment of the American population has been hit brutally hard. 30% of Americans lack access to affordable banking services that can support them during difficult times and 59 million Americans use government benefits just to get by financially. Almost half of US credit applicants in…
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Carol Caruso is a social impact entrepreneur, investor and advisor. She has over 20 years of global experience working in inclusive finance, digital technology, advising and investing in social impact startups and previously co-founded an Inclusive Fintech startup. Carol has extensive experience and passion in driving social impact through the ... Read more
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