With unemployment stretching across the country and affecting jobs in every sector, Allen and her team at CapWay have been quietly building a digital literacy and banking solution befitting the era of digital-first payments and transactions for the 55 million Americans, 20 percent of whom are Black minorities, left out of traditional banking systems.
Launched in New Orleans in 2016 by founder and serial entrepreneur Sevetri Wilson, the software as a service platform serves a two-sided market enabling grantors like cities, private foundations, and corporations to deploy capital quickly and efficiently, while giving nonprofits expanded tools for compliance, management, training, and funding.
Andre Perry is a Fellow in the Metropolitan Policy Program at Brookings, a scholar-in-residence at American University and a columnist for the Hechinger Report. In this discussion, slated for May 21 from 1pm-2pm EST, we’ll be talking about Perry’s forthcoming book, Know Your Price: Valuing Black Lives and Property in America’s Black Cities, and how we can better evaluate the policies affecting Black businesses across the innovation ecosystem.
We surveyed a segment of The Plug PRO subscribers who self-identify as Black founders running companies in industry areas ranging from data analytics services to esports to virtual reality. Our goal was to collect sentiments on how they’re being impacted by the current climate and whether they feel their business will survive over the next 90 days.