SAN FRANCISCO, June 5, 2018 /PRNewswire/ — GreenPath Financial Wellness and EarnUp have created a one-of-a-kind for profit/nonprofit fintech partnership designed to support the goal of bringing Americans out of debt. The report, Building Successful Nonprofit-Fintech Partnerships (i.earnup.com/2GzxzXO) offers a “how to” for other organizations that wish to launch similar efforts.
Over the past year, EarnUp and GreenPath built a partnership focused on their commitment to help struggling consumers get out of debt and build financial health. The report outlines the key learnings on partnering and what both GreenPath and EarnUp have discovered from working together to deliver transformative consumer impact through nonprofit-fintech partnership.
The resulting report, and much of the prototyping work with EarnUp was supported by a grant from the Financial Solutions Lab (FinLab), a $30 million, five-year initiative managed by the Center for Financial Services Innovation (CFSI) with founding Lab partner JPMorgan Chase & Co. The Lab seeks to identify, test and bring to scale promising innovations that help people in America increase savings, improve credit, and build assets.
Kristen Holt, President and CEO of GreenPath, says, “Our partnership with EarnUp has been a great success, and we want to share our learnings so more of these collaborations can take place. We believe that everyone deserves the chance to pursue their own dreams, and partnerships like ours with EarnUp deliver financial wellness and give people power, strength, and independence to lead the lives they want.”
GreenPath already serves over 200,000 households annually and EarnUp’s technology platform helps Americans manage over $1,000,000,000 in loans. Their work together as two socially-driven organizations centers on supporting more people, faster.
“We’re a mission-driven company dedicated to helping people get out of debt, and we are grateful to align on a mission-based non-profit initiative,” says EarnUp President and Co-Founder Nadim Homsany. “There are over 200 million indebted Americans and we are excited to be working with GreenPath to pioneer new products and services for underserved communities.”
By working together and sharing results, EarnUp, GreenPath, and additional groups can continue to build relationships among fintech companies, non-profits organizations, for-profit companies, and consumers.
For more information about GreenPath, please visit www.GreenPath.org. For more information about EarnUp, please visit: www.EarnUp.com.