Redesigning Finance in Detroit

Redesigning Finance in Detroit

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An hour before my hotel alarm goes off, I’m thrown awake by a chorus of hammers, trucks and drills from the construction outside. Where am I? Right, Detroit. The city of a legendary decline and an even more legendary revival. I've heard enough "dark" stories to shape my groggy and not so pleasant image of this city - but it's an image that will be shattered in just a few days. About a month ago, CNote was invited to participate in the FinTech program sponsored by Village Capital and Paypal. The program focuses on supporting entrepreneurs creating innovative financial solutions for underserved communities and small businesses. It is in a perfect alignment with CNote and I was  excited for the opportunity to learn from other companies sharing a common mission…
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Borrower Story: Meet Fany Gerson with La Newyorkina

Borrower Story: Meet Fany Gerson with La Newyorkina

Borrower story, CDFIs
La Newyorkina is a fan favorite in New York City. Found at kiosks, carts, and coffee shops in the East Village and a retail store out of Brooklyn, its authentic, tasty frozen treats and sweets from Mexico are a special treat in the heat of NYC summer. After making tens of thousands of satisfied customers happy, La Newyorkina was ready to bring their goodies to even more people and expand into other parts of the city. And then Hurricane Sandy happened. The expansion was stalled indefinitely. Fany Gerson, the founder of La Newyorkina, did not give up. She continued with her plans for growth and was even preparing to ramp up the business for the next season. But she needed capital and needed it quickly. “If we had to wait…
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CNote selected to participate in Village Capital FinTech program

CNote selected to participate in Village Capital FinTech program

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We are humbled and proud to share that CNote has been selected to participate in the Village Capital FinTech program. This program, co-sponsored by PayPal and Village Capital, is on a mission to help create “accessible, efficient, and affordable financial services for underserved communities and small businesses.” Such recognition does come with a responsibility to continue what we started - democratizing finance, generating higher returns for everyone, and helping to build and fund underserved communities and entrepreneurs CNote is one of twelve companies that were selected to participate, each of them “addresses true pain points in the current financial system or intends to expand their services to fill those gaps.” Peer learning and sharing is what makes Village Capital program especially unique and there is certainly a lot to learn…
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The Pig & The Penny

The Pig & The Penny

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Did you grow up with a piggy bank? You know, the pink kind that smiles end to end as you proudly plop each copper penny into its thin slat? Plunk. Plink, plink. Yep, me too. But, what I’ve come to realize is the psychology behind that little pig is much broader than I thought. To me, that piggy bank was the first representation of “savings” - or the idea of storing money for another day. As a kid, it could sometimes feel like torture, waiting endlessly for that 50 cents to grow to $5 so I could finally buy that special toy. As a teenager, it started to feel like power, where I didn’t have to ask my parents for every purchase. As a grown adult, it feels like safety,…
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Echoing Green – Social Impact Talent Report

Echoing Green – Social Impact Talent Report

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We’re proud to announce that our founders Cat Berman and Yuliya Tarasava have been selected for consideration for the Echoing Green Fellowship. Each year Echoing Green evaluates thousands of applicants and roughly only 1% of applicants are selected. Congratulations are in order for Cat and Yuliya, who are working to democratize and simplify finance through CNote. The two will travel to New York for interviews and could be selected as finalists for the “Echoing Green Fellowships – [a] two year immersive leadership development program that provides seed-funding and hands-on support, and embeds them in the Echoing Green network.” Echoing Green is a truly remarkable organization that “identifies tomorrow’s transformational leaders today.” Echoing Green works to find extraordinary individuals, who have influential ideas and original solutions. "We unite this diverse group of innovators,…
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