Ingenious Financial

Innovation, Equity, and Inclusion

PROBLEM STATEMENT

The number of African-American-owned banks in the U.S. plummeted from 54 to 21 between 1994 and 2013, according to the Federal Deposit Insurance Corp. "Minority banks play an important role in the economic empowerment of minority communities."

MacKenzie Scott

Author, Philanthropist, Businesswoman

Life will never stop finding fresh ways to expose inequities in our systems; or waking us up to the fact that a civilization this imbalanced is not only unjust, but also unstable.

Strategic Pillars

Economic Mobility
Improved Home Ownership
Racial Equality
Increase Employment
Increase Financial Literacy
Empower Marginalized Groups

Transactional Overview - State Charter

$25 Million

The investor capital is injected into the holding company and used as reserves to create a new financial institution. The holding company will use $4 million as start up cost. The $21 million is retained for liquidity with the expected return of 5%.

Transactional Overview - National Charter

$100 Million

The investor capital is injected into the holding company and used as reserves to create four financial institutions in the target metropolitan areas. The holding company will use $4 million per branch as start up cost. The $84 million is retained for liquidity with the expected return of 5%.