metlife foundation

MetLife Foundation and Visa Launch “Inclusive Fintech 50” to Elevate Early-Stage Fintechs Addressing Financial Inclusion

With partners Accion and IFC, competition aims to help inclusive fintech companies attract capital and resources to benefit three billion financially underserved people globally.
Press Release

WASHINGTON, February 11, 2019 /3BL Media/ - MetLife Foundation and Visa Inc., with global nonprofit Accion and IFC, a member of the World Bank Group, announced a new initiative to recognize the top 50 early-stage fintechs contributing to financial inclusion around the globe.  The “Inclusive Fintech 50” will culminate in a list of the most impactful, emerging fintechs that demonstrate the power of financial technology to expand access, usage and quality of financial services in advanced and emerging markets.  

Multi-Year Effort Launches to Help Millions of Financially Vulnerable People Build Savings & Economic Opportunity

Employers, Retailers and Financial Service Providers to ‘Make Wealth Common’
Press Release

BOSTON & NEW YORK, February 5, 2019 /3BL Media/ - Decades of research points to the material, psychological and social value of wealth. Yet, building financial security is a persistent challenge for lower-income Americans who continue to become less wealthy, not more. In fact, more than 40 percent of people in the United States cannot cover an unexpected $400 emergency expense, according to the Federal Reserve.

Making a Difference Globally and Locally: How We Give Back

Blog

Volunteer work has always been a part of Joanna Wolfe’s life. A lead process improvement consultant for MetLife, Wolfe spent her childhood and teenage years working in urban gardens and advocating for social justice causes. So serving as the Habitat for Humanity volunteer coordinator for our Cary, North Carolina office was a natural fit.

“There are a lot of successes that go along with homeownership,” Wolfe says. “This work gets at the issues I care about regarding fair housing, and the challenges people face when they don’t have a home.”

MetLife Social Impact Investments Rise to $50 Billion

MetLife Foundation financial inclusion commitments reach more than six million low-income individuals
Press Release

NEW YORK, June 19, 2018 /3BL Media/ – MetLife, Inc. (NYSE: MET) today announced its impact investment portfolio grew to $50 billion in 2017, an increase of 12 percent year-over-year from 2016 to 2017, and MetLife Foundation reached more than six million low-income individuals through the fourth year of its five year, $200 million dollar commitment to financial inclusion.

Multipliers of Prosperity: Social Platforms, Social Change

Article

Every month, Donna Bowen of Mattapan, Massachusetts, communicates with around 45 complete strangers. Some are looking for advice on saving or credit-building, while others want to compare notes on issues like housing or education. They come from all places: not just nearby Boston, but Detroit, Albuquerque and Oakland. Each has a personal goal in mind—like purchasing a home, getting out of debt or starting their own business—and whatever the case, wherever they are, Bowen is there to lend an open ear and a voice of experience.

Multipliers of Prosperity: Status Quo or Game Changer?

Article

by MetLife Foundation and Village Capital

The financial technology, or fintech, revolution is gaining momentum in the MENA (Middle East/North Africa) region. Fintech investments in MENA totaled $18 million in 2016. In 2017, that figure was surpassed by a single $20 million round raised by the payment platform Paytabs, leading to heightened interest among investors: Wamda Research Lab, for example, puts total 2017 fintech investments in MENA at more than $50 million, a 270 percent year-over-year increase.

Multipliers of Prosperity: Below the Surface

Article

Consumer debt has reached record highs amid an economy that, on the surface of things, looks more robust than at any point since the Great Recession. Unemployment is at historic lows, and wages are up, leading to many optimistic interpretations of current debt trends. Yet signs continue to point to the fragility of many families’ finances. Costs of healthcare, housing, and food have all risen faster than increases in income. Debt in collections appears on one-third of all consumer credit reports.

Multipliers of Prosperity: Lending With a Mission

Article

Mohammed Ali and his siblings had been driving past the vacant gas station on the east side of Saint Paul, Minnesota for years before they finally decided to make an offer to buy it—with the idea of opening a restaurant and grocery store catering to the neighborhood’s vibrant community of immigrants.

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