01 Nov Fintech’s Got 99 Problems And Diversity Is Definitely One
Time and time again, we hear men and women alike take to the stage at fintech conferences and discuss the lack of diversity in the industry. Statistics are compiled and displayed on presentations to show a slight increase in the number of women or minority groups being hired, but what is actually being done? Krista Morgan, CEO of P2Binvestor, is one of the few making a difference and starting with how businesses are funded, she believes that supporting women leading these companies will lead to investment being injected into organizations headed up by women in developing countries.
Marketplace lending platform P2Binvestor announced today the launch of a first-of-its-kind bank partnership program with New Resource Bank in order to provide crowdsourced lines of credit to growing, mission-aligned businesses with a hunger for innovation. Critical for organizations in the financial technology industry, these programs also allow banks to increase their market and improve their conversion rates.
P2Binvestor CEO Krista Morgan highlighted that businesses and banks have not been able to effectively connect when it comes to financing and lending because of regulation and technology that creates obstacles. ‘Until now, there hasn’t been a solution like this, which unfortunately has forced growing companies to take on expensive and time consuming funding. With this partnership program, we’re changing that.