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A new coalition composed of leading fintech companies have announced that they will work together to actively fight inequality within the industry and in society. Portfolio Company MoneyLion is a proud founding member of the coalition. There will be opportunities for other fintech companies to join in the future. The core idea is the belief that as leaders, they can, should, and must do more to support minority and underserved communities.
The coalition’s members have made it clear that “promises are meaningless without accountability.” They are taking a long-term view of these issues and will be transparent about their plans and provide regular updates on their progress toward these commitments. This mirrors a general shift in the capital markets led by the CEO Investor Forum that’s working to reframe the capital markets and move companies away from a focus on short-term results to instead create long-term plans with a 3-5 year horizon and report on their progress.
