Black entrepreneurs seek to close racial wealth gap
One firm aims to help low-income earners gain a credit score, allowing them to access the US financial system and escape crippling debt cycles
13 April 2021 - 16:56
Unable to get a bank loan when she moved from Nigeria to the US, Abbey Wemimo’s mother was forced to borrow money at a 400% interest rate and pawn her wedding ring to pay his college fees.
Today, 12 years on, Wemimo runs a fintech company which aims to tackle the yawning racial wealth gap in the US — a divide exacerbated by the Covid-19 pandemic...
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