Former Wall Street executive Wole Coaxum has raised $23.5 million for Mobility Capital Finance, his company whose efforts include helping people build and sustain wealth.
Known as MoCaFi, the firm provides financial services to government entities to enhance the efficiency of delivering those and other resources to underserved communities nationwide. It also helps those it serves to gain low-cost services, mobile banking, build credit, as well as receive access to capital.
The Black-founded fintech recently gained major support after securing millions in funding during a Series B financing round led by Commerce Ventures. Other funding participants were new strategic investors, including BNY Mellon, Wells Fargo, Truist Ventures, and existing investors.
Read the source article at blackenterprise.com
