In last week's newsletter, the central theme was the larger socio-economic role of financial services technology in the fight to end global poverty. MasterCard has certainly been a big proponent of this mission.This week's MasterCard Priceless Elevator in NYC allowed entrepreneurs 60 seconds to pitch their business idea to combat poverty. For each pitch, MasterCard donated $500 to DataKind, an organization that uses data to promote social good and help end poverty.
“Pitching in an elevator by myself is actually pretty relaxing to me, said Bank, the founder and CEO of Tingle, a social giving platform that gamifies charity. It enables users to donate $1 per month to families in need. Bank hopes to make connections during the Social Good Summit, and that his recorded pitch might interest some people who are interested in participating or collaborating on Tingle. A myriad of other poverty-ending ideas were pitched throughout the first day of the event, covering topics like clean water accessibility, education for young girls, vaccination access and many others.