The Work Index by Flexa

SurgePays, Inc. (NASDAQ: SURG)

SurgePays, Inc. is a fintech company focused on providing financial and telecom products to underbanked and underserved communities across the United States.

https://surgepays.com/
4.8

/10

Transparency ranking

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Description

SurgePays, Inc. is a fintech company focused on providing financial and telecom products to the underbanked and underserved populations across the United States. They operate through a network of convenience stores, acting as points of distribution for services like prepaid wireless activation and payments, debit card reloading, and other financially empowering services. This business model aims to address the needs of individuals who lack traditional access to banking services, providing convenient and affordable solutions within their communities.

The company's revenue is directly tied to the number of essential services it provides, demonstrating its commitment to serving those in need. SurgePays is dedicated to building the largest direct distribution network of underbanked products and services, driving growth by expanding its nationwide network of stores and developing new products and services. This growth strategy allows them to increase their reach and impact within the underbanked market, providing essential services to a population often overlooked by traditional financial institutions.

Mission

SurgePays is a fintech company dedicated to providing financial and telecom products to underbanked and underserved populations across the United States. They achieve this by partnering with local convenience stores and utilizing their network as points of distribution for essential services like prepaid wireless activation, bill payments, and debit card reloading. Their mission is to build the largest direct distribution network of underbanked products and services, making these essential services accessible to everyone, regardless of their banking status.

Disruptor
Improving quality of life/health
Social impact led
Tech for good

Culture

SurgePays promotes a culture of social responsibility and innovation, focused on providing essential financial and telecom services to underserved communities. They emphasize the positive impact of their work, both for local businesses and low-income customers. This focus on making a difference is evident in their mission statement and highlighted in their commitment to developing new products and services to improve the lives of their target audience.

Entrepreneurial

DE&I

SurgePays focuses on social awareness and corporate responsibility by providing access to the internet, wireless and financial services to the underbanked and underserved populations across the United States. Their business model directly benefits both local retail business owners and low-income customers, making a difference in communities that need it most. While the company's website does not explicitly mention diversity, equity, and inclusion initiatives, their core mission of serving underbanked communities suggests a commitment to reaching diverse customer segments and fostering economic opportunity.

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