Google for Startups Black Founders Fund Invests in A.M. Money
Today, we are ecstatic to announce that we can include Google for Startups as one of those supporters as we are one of the recipients of funding from their new Black Founders Fund.
We started A.M. Money four years ago because of the challenges I had paying for college after leaving the military. As the story goes I had to beg my grandmother to co-sign on a high-interest rate student loan so I could make it through.
It was a deeply frustrating experience, as I had seemingly done everything I was supposed to do and it meant little to the existing system. At the same time, I was grateful for my grandmother, and several other individuals and organizations who stepped up to help me get through college and to the places I was eventually able to go.
Our Organization is dedicated to ensuring that financing is not the same constraint as it was for me, and to make that pathway just a little bit easier for the people walking a comparable road to me.
I’ve found it deeply ironic that my experience building, and helping grow this organization has had its own comparable journey. I never expected this journey to be easy, but it's certainly been more challenging than I would probably have expected.
Nevertheless, we have now, just as I did before, persisted. It’s been our honor to pick up a number of supporters and investors dedicated to building a business that makes sure stories like mine are a thing of the past.
Today, we are ecstatic to announce that we can include Google for Startups as one of those supporters as we are one of the recipients of funding from their new Black Founders Fund.
This is the cherry on top of what has been a monumental quarter for the organization. We closed our 3.5m Seed round with Lightbank with participation from existing and new investors including: Octava Impact, Don and Elizabeth Thompson, Michael Alter, Shayne Evans, and Tim Knowles along with others within the Chicago Ecosystem.
This new funding corresponds with a 33x year over year increase in loan requests for the fall quarter. Now, more than ever, the need for what we are doing is clear. As such, we continue to fight to give low-income students across the city, state, and country every opportunity to graduate from college, find quality employment, and build wealth.
We urge you to join us in this work.
Check out the link below for more information on how you can support A.M. Money and our mission, and of course feel free to reach out to Daniel or our team at any time.