Impact Hub Houston and SpenDebt Announce New Economic Empowerment Partnership to Help People Do Well While Doing Good

Impact Hub Houston and SpenDebt Announce New Economic Empowerment Partnership to Help People Do Well While Doing Good

Impact Hub Houston and SpenDebt Announce New Economic Empowerment Partnership to Help People Do Well While Doing Good

Furthering its goals to Reduce Inequalities and promote Decent Work and Economic Growth, Impact Hub Houston (IHH) is proud to announce a new partnership with SpenDebt, a Houston-based fintech company on a mission to help one-million families turn every swipe of their debit card into an investment in their future.

Joined by a common mission — to strengthen local economies and empower people to improve their financial situations so they can get on the path to wealth creation — Impact Hub Houston and SpenDebt decided to launch this partnership during Black History Month, to spotlight SpenDebt, a black-owned startup founded in Houston, and its financial tools platform.

Under the partnership, SpenDebt will offer members of the Impact Hub Houston community the opportunity to use the app for FREE for 3 months. Anyone who would like to participate in the partnership pilot can sign up for an account at SpenDebt and enter “IHH” (case sensitive) under the promotion code to receive the 3 months free.

SpenDebt will help participants set their own goals to pay down their debt as they use their debit card for everyday purchases. Users will also be able to donate to Impact Hub Houston alongside their micropayments; and SpenDebt will generously match up to $500 for all donations made to Impact Hub Houston. Participants are welcomed to continue to use the application after the 3 month offer, and the $0.10 per transaction will continue to be donated to Impact HUB Houston every month.

Impact Hub Houston encourages people to begin paying down their debt through manageable micropayments, so they can get on a faster track to positive wealth creation. To learn more about SpenDebt and how it can help you improve your financial situation, SpenDebt Co-Founder Kiley Summers will present it and answer questions during Houston’s Open Project Night on February 10 at 5:00pm.

SpenDebt is a financial technology company designed to assist people to pay off debt, leveraging micropayment through everyday transactions. SpenDebt is on a mission to help save one million families from financial fatalities every time they swipe their debit cards or have a banking transaction.

Impact Hub Houston is a 501(c)(3) non-profit impact innovation incubator that equitably empowers diverse changemakers and entrepreneurs working to solve society’s most pressing issues. A member of the Impact Hub global network — recognized by the United Nations as the world’s largest community for accelerating entrepreneurial solutions towards measurable and scalable impact for the Sustainable Development Goals (SDGs) — Impact Hub Houston provides intentional programs, an inclusive innovation ecosystem, and an international network of experts and peers aligned to inspire, connect, and empower people to create the change they wish to see in the world.

Redefining Equity : Black Entrepreneurs Offer New Paths to Wealth Creation

Redefining Equity : Black Entrepreneurs Offer New Paths to Wealth Creation

Learn how black entrepreneurs are redefining “equity” and launching new ventures for financial resilience, investment, and wealth generation

“Black business ownership, more so than even education, is a tangible pathway for African Americans to achieve economic parity and close the racial wealth gap.”

Tiffany Howard, UNLV political science professor and recent Congressional Black Caucus Foundation (CBCF) senior research fellow

While business ownership may be a promising path to generational wealth creation for black entrepreneurs, the Kauffman Foundation reports that black entrepreneurs are almost three times as likely as whites to have their profitability hurt by lack of access to capital, and more than twice as likely to be negatively impacted by the *cost* of capital. So how do we ensure that opportunity and support for their financial equity, is equitable itself?

Black entrepreneurs in Houston have been launching new ventures to address these challenges with a systemic approach. Join us to learn from founders Kiley Summers, Phillip Yates, and Tiffany Williams about their startups, the problems they’re working to solve, and how they plan to grow their initiatives and scale their impact for under-represented and underserved entrepreneurs. Who knows: They may inspire you to start your own solutions for equity!

Guest Speakers:

Tiffany L. Williams

Kiley Summers

Attorney Phillip J. Yates

Entrepreneurs, Investors, Innovators & Changemakers: Join us for more #THIS2020 Events! See the full calendar of 35+ *virtual* talks, panels, hackathons and more at https://thehoustonimpactsummit.com/

Help promote and expand inclusivity and equity across Houston’s entrepreneurial ecosystem: Sponsor THIS today! > https://www.betterunite.com/impacthubhouston-this2020sponsorship