Bridging the racial wealth gap in Black America

Founded by Michael Aremu & George Oni in October 2020, Black Insure is a personal finance company that serves as a digital matchmaker to underserved communities. 

Founded by Michael Aremu & George Oni in October 2020, Black Insure is a personal
finance company that serves as a digital matchmaker to underserved communities.
A core problem within the communities they serve was a Lack of knowledge regarding
finance & finance related products, low trust between minority communities and financial
instituitons due to historical financial discrimination among minority communities.

“After experiencing the disparity and limited inclusion of people of color within the financial
system, we knew that something had to change and that is why we started Black Insure to
build better bridges. By educating, leveraging technology, people and partnerships, we hope
to create a better society where finance is open to everybody and it is our life’s mission to
accomplish that.” As said by the founders.

The black median household debt is $30,800. Only 40% of these families have good credit
leaving 60% with fewer options of acquiring debt for growth such as homeownership,
starting/growing a business.

The key to fixing a lot of these key issues has to do more with awareness as the
infrastructure to address these issues are readily available. We aim to be that conduit
through Black Insure, it’s our mission to bridge the financial wealth gap and financial
disparity in America.

Addison

Addison is a student of the Aust Abbottabad University of Science and Technology. He started his graduation in 2016 and graduated in 2020. I’m a professional article and blog writer, has written dozens of content on different topics and worked with professionals all over the globe. Feel free to contact me for any assistance. [email protected]