Financial Services Archives - Sorenson Impact Foundation
Totem

Totem

Totem

A Native-led fintech startup, Totem offers tailored digital banking infrastructure for Indigenous communities, collaborating with Tribal governments and enterprises to streamline benefit distributions and payroll through a neo-banking platform. The company also provides secure essential banking services to individual users, contributing to economic empowerment within Native communities.

Redemption Bank

Redemption Bank

Redemption Bank

Redemption Bank is a mission-driven impact bank aiming to bridge the wealth gap in America by acquiring non-minority banks and converting them into minority depository institutions (MDIs), making financial resources and banking services more accessible to underserved communities.

Gift of College

Gift of College

Gift of College

A comprehensive platform that simplifies education-related finances. Users can contribute to 529 college savings plans or tackle student loan debt, using features like gift cards for funding. The platform also acts as a payments facilitator for 529 plans, and offers employer-sponsored benefits like student debt repayment and 529 contributions via payroll deduction, making education planning and funding more convenient and accessible.

People’s Pension Holding

People’s Pension Holding

People’s Pension Holding

The mission of PPH is to make pension saving products available and affordable to people working in the informal economy. To do so PPH sets up Greenfield pension companies towards the successful realization of informal worker pension funds in developing countries.

PPH holds the IT backbone and pension knowledge to share and replicate her experience in the field of micro pensions. Steps in the business development process include a feasibility study in the specific country, business design, business implementation and business excellence.

Kinara Capital

Kinara Capital

Kinara Capital

Small Business Entrepreneurs supported by Kinara Capital report an average income increase of 20-25% and a boost to their business growth with increased production capacity, higher sales and turnover and ability to hire more employees.