The Work Index by Flexa

MoCaFi

MoCaFi is a fintech platform focused on empowering traditionally underserved communities through financial services and programs.

https://www.mocafi.com/
5.0

/10

Transparency ranking

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Description

MoCaFi is a financial technology company focused on closing the racial wealth gap in America. They offer a range of services including a prepaid Mastercard, FDIC-insured bank account, money management app, credit-building bill payment, and personal wealth coaching, all designed to empower traditionally underserved communities. The company's vision is for all communities to achieve prosperity regardless of their background, and their mission is to help excluded communities create wealth through better access to capital.

MoCaFi has distinguished itself by partnering with government and philanthropic organizations to provide financial services as infrastructure. They work with municipalities, financial institutions, community-based organizations, and private companies to create scalable, sustainable, low-fee infrastructure for financial inclusion. This approach has allowed them to distribute millions in benefits to thousands of people in cities across the country, helping them build pathways to financial security and economic mobility.

Flexibility

MoCaFi does not provide information about its job flexibility on its website or in its job postings.

Benefits

MoCaFi provides its employees with a comprehensive benefits package that includes access to their programs, facilities, and employment without regard to race, color, ancestry, national origin, age, gender, sexual orientation, gender identity, age, religion, disability, medical condition, genetic information, marital, veteran status, or any other protected category.

Mission

MoCaFi is a financial technology company dedicated to closing the racial wealth gap and empowering underserved communities. Their mission is to help excluded communities create wealth by providing better access to public, private, and social capital. They offer a range of financial services, including mobile banking, prepaid debit cards, credit-building tools, and financial literacy programs, all designed to improve economic mobility and break down barriers to financial inclusion.

Automation
Data-driven
Disruptor
Improving quality of life/health
Social impact led
Tech for good

Culture

MoCaFi promotes a culture centered on social responsibility and financial inclusion, emphasizing a commitment to serving underbanked communities and closing the racial wealth gap. They prioritize equitable access to financial services, providing resources and support to empower individuals and families. The company's mission and values are evident in their work with government and philanthropic organizations, as well as their focus on financial literacy and wealth-building programs.

Progressive

DE&I

MoCaFi is committed to fostering diversity, equity, and inclusion across all aspects of its business. The company recognizes the importance of creating an equitable society and believes that high-quality, low-cost financial services can close the opportunity gaps preventing millions of Americans from achieving prosperity. MoCaFi's mission is to help excluded communities create wealth through better access to public, private, and social capital, and it specifically targets underserved communities and works to create equitable and inclusive communities for everyone.

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