Category: Uncategorized
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PayPal Announces Investments In CNote’s Wisdom Fund and Promise Account
Today, PayPal Holdings, Inc. (NASDAQ: PYPL) today announced it will deposit $135 million of its capital into mission-driven financial institutions and management funds that help underserved communities of color to fight barriers to economic equity, including CNote’s Wisdom Fund and various smaller depository institutions through a CNote Promise Account. These investments are part of PayPal’s $535 million commitment to strengthen Black businesses and underserved communities, and help…
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How Treasurers Can Lead Their Company’s Impact Investing
This article, authored by CNote’s co-founder and CEO, Catherine Berman, was originally posted on GreenBiz. When you think about who makes the greatest social and environmental impact with corporate dollars, you probably think of the head of ESG or the chief investment officer, not the treasurer. Today’s corporate treasurers, however, are redefining their role beyond…
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Corporate Treasurers Get Serious About Shifting Cash to Communities
This article, authored by CNote’s co-founder and CEO, Catherine Berman, was originally posted on Sustainable Brands. There’s been some skepticism regarding the announcements of big corporate investments in CDFIs and minority deposit institutions — are these one-offs just to generate a press release or first steps on long-term commitments? Shareholders increasingly want to know how…
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CNote Celebrates Five Year Anniversary, Thousands of Jobs Created in Underserved Communities
CNote Celebrates Five Year Anniversary, Thousands of Jobs Created in Underserved Communities Women-Led Community Investment Platform Has Helped Individuals, Institutions and Corporations Invest Millions in Equity and Inclusion April 22nd, 2021 // Oakland, CA // CNote, a women-led community investment platform with a mission of closing the wealth gap, today celebrates its fifth year in…
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How does CNote optimize for positive social impact within its portfolio of CDFIs?
A common question we get from investors is: How do you know investments on CNote’s platform are generating a positive impact in communities across America? The CDFI Certification Process For the majority of our offerings, we partner solely with Community Development Financial Institutions (CDFIs). CDFIs are federally certified by a program within the US Department…
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Women-Led Fintech Platform Debuts Impact Customization Service That Lets Corporate Treasuries Invest to Meet DEI Goals
WOMEN-LED FINTECH PLATFORM DEBUTS IMPACT CUSTOMIZATION SERVICE THAT LETS CORPORATE TREASURIES INVEST TO MEET DEI GOALS CNote’s enterprise-level, one-stop-shop service channels corporate capital into community development financial institutions and offers quarterly impact reporting New customization service responds to shareholder and employee demands for change while simplifying investments in Black-led CDFIs and underserved communities Oakland, CA…
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CNote’s February Impact Roundup
Welcome to the February edition of the CNote Impact Round-Up, a monthly publication, where we take you through some of the most impactful and popular things we recently shared, discovered, or learned. Throughout the month we shared brief biographies of African Americans who changed the course of history in the face of incredible adversity; from…
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CNote Recognized as Fund Manager in ImpactAssets 50
BETHESDA, Md., Feb. 23, 2021—CNote is thrilled to announce that we have been selected as a manager in the ImpactAssets 50 2021 (IA 50), which recognizes a diverse group of impact fund managers who demonstrate a commitment to generating positive impact. IA 50 Fund Managers are experienced impact fund managers with a minimum 3-year track…
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5 Crucial Differences Between CDFIs and Traditional Banks
There are many American communities that are underserved by the traditional banking industry. Low-income and minority communities typically experience the most lack of access to quality financial products and services. According to a 2018 FDIC survey, 22 percent of households are underbanked or unbanked. This means that these individuals have no formal relationship with a…
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Where We Are and Where We’re Going: A Look at the Wisdom Fund
When we launched the Wisdom Fund in 2019 as an investment vehicle that increases capital, access, and lending for businesses owned by women of color, no one was anticipating 2020, with its pandemic, political divisions, and socio-racial upheaval. Among 2020’s most poignant lessons, however, was one that inspired the fund: women of color don’t have…