The power dynamics of money threaten our hopes for racial equity. If entrepreneurship is to be a path for wealth building, we need to re-think small business credit: the How’s and Why’s of credit decisions, and most importantly, the Who’s.
We live in an age of abundance, yet at the same time the unmet demand for small business finance is $100 billion, particularly among businesses owned by persons of color, women-owned, and the smallest of small businesses. Can this dichotomy be solved by innovations in data, machine learning and AI? What are the dangers that new technology will lock-in systemic inequality even further?
Join James Yagley, Founder and CEO of Fafnir Lab, a community development fintech, and Dr. Garrett Menning, Founder of Black Pearl Consulting and Research, an international development consulting firm, to discuss how our thinking about money frames the systems and tools that underlie our modern credit systems.