Stackwell Expands Its Investing App to Android Phones
Launching the robo-investing application in the Google Enjoy retailer appreciably boosts accessibility for the Black neighborhood, as Stackwell positions by itself to accelerate its expansion in 2023
BOSTON, Jan. 26, 2023 /PRNewswire/ — Stackwell, the digital financial investment system built to get rid of the racial wealth gap, currently announced its app is now out there for obtain by all Android cell phone people in the Google Participate in Store. The robo-investing application, which addresses and removes the social, psychological and cultural limitations to entry resulting in underinvestment in the economic markets by the Black community, launched in September 2022 for Apple iphone customers in the App Shop. With this major expansion, the Stackwell app is now obtainable for all smartphone consumers with a $1 month to month membership fee and a $10 investment decision least.
“The launch of our app to the Google Participate in store is yet another considerable milestone for us as a organization, and signifies the realization of just one of our core goals, which is to raise accessibility and trialability for much more customers of the Black local community by intentionally assembly them in which they are,” claimed Stackwell founder and CEO Trevor Rozier-Byrd. “Our launch today positions us effectively to carry on to speed up the development of our consumer foundation, and further extend our lover ecosystem.”
Enlargement to Android offers increased accessibility for the Black community, as details demonstrates 66{f5ac61d6de3ce41dbc84aacfdb352f5c66627c6ee4a1c88b0642321258bd5462} of Black and African American homes favor Android phones.
Stackwell’s announcement arrives as the firm kicks off a series of in-human being activities with their strategic associates throughout the region. The firm will be web hosting group activations with its NBA and WNBA associates in Detroit, Minneapolis, New Orleans and Washington D.C. starting in Q1, which includes fiscal wellness and expenditure training situations with every of the teams at observe services and other community venues. In addition, Stackwell will start in-individual activities for its HBCU-focused initiatives with Hampton College, and the Pupil Expenditure Software (SIP) with Student Freedom Initiative and Prudential Financial. These final two programs are intended to focus on the youngest technology of upcoming Black leaders, as Black Millennials and Gen Z-ers encounter the major racial prosperity hole in the state.
Stackwell is a chief in the fiscal obtain and inclusion space. By means of its a lot of strategic partnerships Stackwell has invested approximately $800,000 back into the Black local community in the form of seed capital and scholarships to aid the long run development and prosperity building prospects of Black learners, entrepreneurs, creators and tiny small business entrepreneurs, between other people. Reinvestment into the Black group is a crucial component of Stackwell’s effect method, and the corporation will continue on to align alone with strategic companions and benefactors that are similarly centered on this perform.
“Main to addressing Black underinvestment in the monetary markets is raising illustration in this house,” mentioned Rozier-Byrd. “As a result of our strategic partnerships we have been equipped to make a feeling of neighborhood and an ecosystem of community outcomes that will deliver tangible profit to our people and substantially accelerate the progress of Stackwell in an economical way.”
Smartphone people can download the Stackwell app now in the Application Retail outlet and Google Engage in Retailer.
About Stackwell
Stackwell Capital, Inc., is a fintech company that has developed a electronic financial commitment system for the Black neighborhood that is built to reduce the racial prosperity hole in America. Stackwell presents the financial investment decision applications and steerage vital to assist develop long lasting wealth, equity, and equivalent prospect. Stackwell is a member of the 2022 Financial Options Lab, and MassChallenge U.S. Early Stage accelerator programs. For extra information and facts, visit stackwellcapital.com.
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