Fintech Platform Stackwell redefines the meaning of black wealth

The company launches daily text confirmation program to reinforce investor identity and encourage increased participation in the financial markets

BOSTON , 6 February 2023 /PRNewswire/ — Stackwell, the digital investment platform designed to eliminate the racial wealth gap, today announced the launch of its Redefining Black Wealth campaign to showcase the meaning of “wealth” through the spirit of who the black community is – innovative, successful and inspiring. The campaign transforms Black History Month into an ongoing observance and celebration of Black excellence throughout the month of February. Redefining Black Wealth begins with a text message verification program designed to reinforce investor identity in the Black community and increase participation in the financial markets.

“Beginning with Black History Month 2023, Stackwell is going to redefine the meaning of black wealth. We are going to showcase our wealth through the spirit of who we are, our community, our culture, our art and our dreams,” said Stackwell’s founder and CEO . Trevor Rozier-Byrd. “For us, black history, like our wealth, is the things we inherit and the things we pass on. By changing the perspective of what wealth looks like, and who invests for, we will encourage and empower more people in the black community to participate in financial markets as a means of increasing long-term sustainable wealth.”

The text verification program launches today. People who text “Black Wealth” to (833) 536-5416 will receive daily text confirmations from Stackwell related to financial wellness, investor identity, and general tips and motivations for living a fulfilling and prosperous life. This program seeks to expand the investment insight and education delivered through the Stackwell app to address and remove social, emotional and cultural barriers to investing, one text at a time.

Throughout Black History Month, Stackwell will also host a number of economic wellness events and celebrations of black community and culture with its NBA partners, including:

• Financial Wellness and Investment Workshops for Black Students, Small Business Owners and Entrepreneurs in Detroit, Minneapolis, New Orleans and Washington DC;
• Presents sponsorship of the New Orleans Pelicans’ HBCU Night game and related activities celebrating black culture in the New Orleans;
• Presents sponsorship of the Washington Wizards’ “Our Community, Our History” Black History Month campaign, which is designed to celebrate the achievement and commemorate the contributions of African Americans to our nation’s history and culture; and
• Supporting sponsorship of the Detroit Pistons’ Black History Month Pistons Equality scholarship event supporting local high school graduates.

Stackwell will announce new initiatives and programming throughout the year, including new community-based efforts across the United States, in an effort to sustain the campaign and increase the company’s influence in the black community on a national scale.

“Black history isn’t just about remembrance; it’s about what we do today, and the course we chart for our future and future generations. Our campaign kicks off in February, but challenges us all to honor our current history and celebrate our successes this year around,” Rozier-Byrd added.

To join the Daily Affirmation Text Program, text “Black Wealth” to (833) 536-5416. Download the Stackwell app now in App Store or Google Play Store.

About Stackwell

Stackwell Capital, Inc., is a fintech company that has created a digital investment platform for the black community designed to eliminate racial wealth in America. Stackwell provides the financial investment tools and guidance necessary to help build lasting wealth, equity and equal opportunity. Stackwell is a member of the 2022 Financial Solutions Lab, and the MassChallenge US Early Stage accelerator programs. For more information, visit stackwellcapital.com.

Contact: [email protected]

SOURCE Stackwell