SAWA CREDIT INC.


Associated tags: Machine learning, Consumer, Cryptocurrency, Hoover Institution, Software, Nobel Prize, Bridges Fund Management, Bangladesh Technical Education Board, CFO, Duke University, Education, Consumer Financial Protection Bureau, Economics, Stanford Graduate School of Business

Locations: CALIFORNIA, SAWA, NORTH AMERICA

Sawa Credit Inc. Announces Appointment of Five Board Members

Retrieved on: 
Thursday, April 13, 2023

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. 

Key Points: 
  • "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."

Sawa Credit Inc. Announces Beta Launch of First-of-Its-Kind Community Financial Support Platform

Retrieved on: 
Wednesday, February 8, 2023

OAKLAND, Calif., Feb. 8, 2023 /PRNewswire/ -- Sawa Credit Inc, the venture-backed startup for protecting against financial emergencies and helping others in the community address financial challenges, today announces the beta launch of its community financial support platform.

Key Points: 
  • OAKLAND, Calif., Feb. 8, 2023 /PRNewswire/ -- Sawa Credit Inc , the venture-backed startup for protecting against financial emergencies and helping others in the community address financial challenges, today announces the beta launch of its community financial support platform.
  • Every Sawa user has access to a community-backed emergency fund, protecting them from financial shocks and putting them on the path to building lasting financial health.
  • Sawa is a technology platform that uses behavioral science to create a community support system for borrowers to increase financial literacy and improve access to emergency capital, addressing the wealth disparity.
  • "In the beta, we will learn how to engage community members so they can get through financial shocks and ease their financial fears together — ultimately transforming financial precarity into financial health and wealth for the entire community," says Andrew Henry , co-founder and CFO of Sawa.

Sawa Credit Inc. Announces Partnership with Homepoint to Launch First-Ever Community Platform to Build Lender Capacity

Retrieved on: 
Thursday, October 6, 2022

Sawa Credit Inc ., a first-of-its-kind community platform helping underserved borrowers build financial health, today announced it has formed a new partnership with Homepoint , the nation's second-largest wholesale mortgage lender, to launch the first-ever community platform for mortgage holders.

Key Points: 
  • Sawa Credit Inc ., a first-of-its-kind community platform helping underserved borrowers build financial health, today announced it has formed a new partnership with Homepoint , the nation's second-largest wholesale mortgage lender, to launch the first-ever community platform for mortgage holders.
  • But when you leverage the power of community, a persons capacity to pay their revolving debts is enhanced by the group multiple times over.
  • Sawa is a first-of-its-kind community platform helping underserved borrowers build financial health.
  • Today, Homepoint is the nations third-largest wholesale mortgage lender and the 7th-largest non-bank mortgage lender.

Sawa Credit Inc. Announces Its Executive Leadership Team

Retrieved on: 
Monday, May 23, 2022

OAKLAND, Calif., May 23, 2022 /PRNewswire-PRWeb/ -- Fintech startup Sawa Credit Inc., a first-of-its-kind community debt servicing technology platform, announces the appointment of a prestigious executive leadership team. The announcement comes as the company completes its series seed funding round with a $3M capital raise. The four appointees, CEO, CFO, CMO, and CLO, are all deeply experienced leaders in fintech, financial services, or consumer products industries who have found their life's work in providing capital access to underserved populations. They will play instrumental roles in guiding Sawa in its technological advancement, operational excellence, and strategic growth with the core mission of helping underserved borrowers achieve financial health.

Key Points: 
  • OAKLAND, Calif., May 23, 2022 /PRNewswire-PRWeb/ -- Fintech startup Sawa Credit Inc. , a first-of-its-kind community debt servicing technology platform, announces the appointment of a prestigious executive leadership team.
  • The leadership team appointments include:
    Charles is a seasoned executive with deep experience in business and financial development for industrial and technology companies.
  • Andrew is heavily involved in his community and has tutored at-risk youth and coached them in a Little League baseball team.
  • About Sawa Credit Inc.: Sawa Credit Inc. is building a technology platform that uses behavioral science and machine learning to create a community debt servicing model.