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Business 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."
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Management 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.
