MoCaFi (Mobility Capital Finance) is a U.S.-based mobile-first financial services platform targeting roughly 110 million Americans facing economic hardship. Its product suite includes a prepaid Mastercard, an FDIC-insured bank account, a money-management app, credit-building bill payment, and personal wealth coaching. The company says it helps communities spend smart, build credit, and "live wealthy." MoCaFi is launching a strategy to enable municipalities to deliver banking and disbursement solutions to residents, with a stated aim of helping close the racial wealth gap. Founded in 2015, the firm positions its platform as a way for cities to systematically address lack of access to banking products. The company will use new capital to continue growth and platform development.

Total raised

$12M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2021