|
| Friday, 21 May 2021, 04:00 HKT/SGT | |
| |  | |
Source: ChangeFi | |
|
|
|
LOS ANGELES, CA, May 21, 2021 - (ACN Newswire) - The Change Company (ChangeLLC.com) has officially launched its newest neobank ChangeFi (ChangeFi.com) in an effort to support the banking disadvantages women face around the world. Women in the U.S. and abroad are statistically less likely to have a bank account and own homes. According to GlobalFinDex, women make up 55% of the world's population without a bank account, a staggering 1 billion women worldwide. Globally, women are making significantly less income than men, which makes it harder for them to afford bank accounts that require a minimum balance. Additionally, some women don't have the ability to access a branch if they don't have a vehicle or are stay-at-home mothers. ChangeFi was created to address those needs by charging no overdraft fees, no monthly fees, no minimums while highlighting easy to use money management tools.
As a digital bank, ChangeFi is creating initiatives specifically in the hopes of leveling the playing field of financial opportunities for women and female entrepreneurs. Its parent company, The Change Company, earned Community Development Financial Institution ("CDFI") certification from the United States Department of Treasury CDFI Fund in May 2018. Their CDFI Fund helps promote access to capital and local economic growth in low income and developing communities across the nation. This designation allows the company to provide equal access to the American Dream for all communities, including women in underserved communities.
ChangeFi sees the women's banking initiative as one of the most important company priorities in 2021. This focus is reflected not just in their customers, but internally as well. CEO of ChangeFi and President of The Change Company, B.C. Silver discusses the need for female leadership in their financial institution: "From an organizational standpoint, we also empower women in banking. I'm proud to say that my team is predominantly female including several female executives. As a girl dad, gender equality is something I take very seriously. I'm honored to work for an organization that embraces diversity in the workplace which is highlighted in our senior executive leadership as well as within our board of directors," says Silver.
But when it comes to its mobile banking platform, how does The Change Company actually plan on helping women meet their financial goals? Their uniqueness is found in their several lines of business, which empower women throughout their financial journey - wherever they may be. From Change Lending, which makes the dream of homeownership possible through traditional and non-traditional mortgage products and offers small business, renovation and real estate investor loans to help expand minority business ownership in America, to ChangeFi, an online banking solution that levels the playing field for women and overlooked minority communities by bringing social and racial equity to banking, to Change Lab a startup incubator that develops innovative, digital-first products to help communities on their path to financial freedom.
Change Escrow and Change Appraisal ensure their members' work with a qualified appraiser who is knowledgeable about specific neighborhoods and is able to provide an accurate valuation of properties. And finally, they have xChange, an online marketplace for socially responsible investors who are searching for loans that will increase social equity for women everywhere. It's Time for Change!
Visit www.changefi.com for more information.
The ChangeFi Card is issued by Evolve Bank & Trust, Member FDIC. Pursuant to license by Visa.
(C) Change Finance LLC. All rights reserved.
Media Contact:
Nadine Izaguirre, ChangeFi
E: nadine.izaguirre@changefi.com
W: https://www.ChangeFi.com; https://www.ChangeLLC.com
Topic: Press release summary
Source: ChangeFi
Sectors: Cards & Payments, Daily Finance, Banking & Insurance
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
Sentire(R) Surgical System Receives CE Mark (MDR) and Singapore HSA Dual Certification, Cornerstone Robotics Enters a New Era in its Global Expansion 
May 25, 2026 12:14 HKT/SGT
|
|
|
Exito Media Concepts Announces the 33rd Edition of the South Africa Manufacturing Show 2026
May 25, 2026 09:10 HKT/SGT
|
|
|
Exito Media Concepts Announces the 36th Edition of the BFSI Innovation & Technology Summit -- South Africa 2026
May 25, 2026 07:55 HKT/SGT
|
|
|
OSL Lists State-Supervised Gold-Backed Stablecoin USDKG as Platform Expands Asia's Digital Asset Ecosystem
May 22, 2026 22:30 HKT/SGT
|
|
|
Patents Build Solid Barriers, Technologies Achieve All-Round Breakthroughs, New Vision Leads the New Track of AR Interaction
May 22, 2026 17:46 HKT/SGT
|
|
|
Six Factors to Consider When Opting for a Credit Line in Singapore
May 22, 2026 14:00 HKT/SGT
|
|
|
GTJAI Won Two Awards at HR Asia 2026
May 22, 2026 10:49 HKT/SGT
|
|
|
Everest Medicines Receives Shareholding Increase from Substantial Shareholder CBC Group, Global Expansion Expected to Benefit
May 22, 2026 10:05 HKT/SGT
|
|
|
Eisai Deepens Body of Clinical Evidence for LENVIMA(R) (Lenvatinib) Across Established Indications at ASCO 2026
Thursday, May 21, 2026 11:23:00 PM
|
|
|
Honda to Begin Sales of Super-ONE Compact EV
Thursday, May 21, 2026 11:16:00 PM
|
|
|
|
|
More Press release >> |
|
|
|
