CNote was founded on two core principles. That everyone deserves a shot at financial freedom and that each of us can play a part in building a more equal world.
CNote was created by two women with decades of experience working in finance. In those past roles, they witnessed the wealth gap grow at an alarming pace, especially after the great financial crisis ravaged America’s middle class. Seeing more and more financial innovations focused on making the wealthiest 1% even wealthier, they decided to leave traditional finance to start CNote and prove that financial innovation could be used as a tool to close the wealth gap, not exacerbate it.
Knowing that large problems require radical solutions, they decided that a responsibly run for-profit company would serve as a strong complement to governments and charities working to fight inequality. Their vision: a business model that created value for all of its stakeholders — rather than following the traditional path of trying to grab a bigger piece of pie for themselves, they would work to increase the size of the pie for everyone. How? By providing a new and sustainable capital source for CNote’s community-lender partners, generating better returns for CNote investors, and by increasing capital access and economic activity in communities that need it most.