Fig Tech Named Champion of Financial Wellbeing by Ashoka, BNY Mellon

NEW YORK–(BUSINESS WIRE)–Fig36
has been named a Champion of Financial Wellbeing in the 1st
annual Unlocking Change Challenge. Over the last 6 months, Ashoka, BNY
Mellon and their network partners have rallied around a vision of
financial wellbeing for individuals and families across the country. The
Unlocking Change Challenge committee reviewed applications from over 100
organizations across 41 states in the United States and had the
difficult task of selecting 4 winners.

As one of the four Champions of Financial Wellbeing, Fig
will receive a $50,000 cash award to support Fig36 activities and will
join Ashoka’s cohort of Pioneers of Financial Wellbeing in San Francisco
from October 23-26, 2018 at this year’s Social Capital Markets
Conference (SOCAP18) as a part of the Entrepreneur Scholarship Program.

Fig
Tech
builds operations and financial risk software that enables
small local organizations like non-profits to operate their own lending
programs. “Local organizations are uniquely positioned to provide
financial services to their communities because nobody knows the
specific needs of the community better than these organizations,” says
Founder and CEO, Jeff Zhou.

At the awards ceremony held in BNY Mellon headquarters in New York, Head
of Partnerships, Zara Mohidin recalled Fig’s humble beginnings:

“We got our start by cold calling over 50 non-profits all around the
country to learn about how predatory financial institutions were
affecting families. And about 49 of them did not return our calls… But
one non-profit did, and that was the United Way of Greater Houston. If
Jackie didn’t answer the phone that day, we wouldn’t be here today! We
piloted our idea in Houston and realized that this idea has the
potential to truly transform the way underbanked Americans experience
financial services. So, thank you to everyone along the way who gave us
a chance, including Ashoka and Bank of New York Mellon—your recognition
means the world to us and the thousands of people we serve.”

About Fig Tech

Originally a collaboration with the financial coaches at the United Way
of Greater Houston, Fig provides credit building products for consumers
and financial stability tools for community organizations. Started in
2015, Fig is a graduate of TechStars Seattle in 2016 and has provided
over $3M in loans to underserved Americans. To learn more about the
Fig36 product visit https://www.figloans.com/community-loans.

About The Unlocking Change Challenge

Ashoka and BNY Mellon are partnering to shape the future of financial
wellbeing through social innovation and entrepreneurship. With a
responsibility to its clients, its people, and the world, BNY Mellon
contributes to the resiliency of global markets and solutions for some
of the world’s most pressing issues, building healthy economies and
sustainable communities over time. Ashoka is the largest global network
of leading social entrepreneurs—individuals with new ideas to
systematically address the world’s biggest challenges and the
entrepreneurial skill to transform those ideas into national, regional
and global social impact. Together, with social entrepreneurs, Ashoka
and BNY Mellon are well positioned to lay a foundation of financial
wellbeing for every person in the United States—and around the world.

Contacts

Fig Tech
Zara Mohidin, 818-438-9020
zara@figloans.com

leverton

I have been involved with publishing and marketing for the past 32 years. My passion is helping people share their voice. I am able to do this through two important venues: One, with Area-Info.net where people can share everything from opinions to events to news. It is your choice! What do you want to share? Two, through a new program called America's Real Deal I am involved with to help business owners get their voice heard.I schedule speaking engagements with community groups and business groups to share my passion about the importance of "sharing your voice".Contact me directly at lee@leeeverton.com for scheduling information.