Sawa Credit Inc. Announces Appointment of Five Board Members
OAKLAND, Calif., April 13, 2023 /PRNewswire/ -- Sawa Credit Inc, the venture-backed startup creating a first-of-its-kind community financial support platform, today announced the appointment of five board members: Marla Blow, North America lead at the Mastercard Center for Inclusive Growth; David Brady, Deputy Director and Davies Family Senior Fellow at the Hoover Institution; Charles Hudson, Managing Partner and Founder of Precursor Ventures; Michael Spence, co-recipient of the Nobel Prize in Economic Sciences and former dean of the Stanford Graduate School of Business; and Brian Trelstad, Partner at Bridges Fund Management and a Senior Lecturer at Harvard Business School.
- "We are proud to welcome these five incredible thought leaders to the board," says Charles Phillips , CEO of Sawa.
- Sawa uses behavioral science to create a community support system for borrowers to increase their financial literacy, facilitate saving, and improve access to emergency capital, thus addressing wealth disparity.
- It is backed by Precursor Ventures with additional funding from Commerce Ventures, Slow Ventures, Allegis Capital, and Clear Heights Ventures.
- "If this community model works, it will be powerful and increase access to credit for these communities."