SUNRISE BANKS
unbanked or underbanked , face prohibitive access fees , and are unable to build credit and wealth under traditional systems . Partnering with Sunrise Banks allows MoCaFi to address that inequality .
“ This is why the partnership with Sunrise Banks is so terrific ,” says Coaxum . “ Their values in terms of helping underserved communities on a consistent basis , not as a project , but core to their mission , has allowed us to innovate .
“ The key component that you ' re looking for from a partner bank or a sponsor bank is a strong compliance framework and regimen . Part of the innovation is how we innovate within the framework of the rules that are set . If you do that well , you have a chance to grow , and we ' ve been able to do that as it relates to how we provide bank accounts to everyone in the community .”
“ We ' re just trying to get better and faster , so that we can continue to scale with our fintech partnerships ”
BRYAN TOFT CHIEF REVENUE OFFICER ,
SUNRISE BANKS
The great irony , as Coaxum sees it , is that this is not philanthropy : focussing on diversity , equity and inclusion for all actually leads to success . “ You actually run a better business , you have access to more markets , and you can run faster and run further ,” he says . “ Having that as a core value is why Sunrise is so great , because they believe in that , and they live it every day .”