Promoting Economic Justice

Wole Coaxum '92

The son of Williams College’s first Black president of the Society of Alumni, Wole Coaxum '92 left behind his managing director position at J.P. Morgan after Michael Brown was killed in Ferguson, MO. That event compelled him to think about how he could leverage his Wall Street experience and contacts to address the racial wealth gap. He founded Mobility Capital Finance (MoCaFi), one of the few Black-owned fintech startups, to provide access to financial services in underbanked communities. “For a community to have social justice without an economic plan is like one hand clapping,” said Coaxum, whose work was recently featured in The New York Times. About the intersectionality of his racial equity work with COVID-19 he said, “Pandemics are inclusive, so our financial system should be, too.”

Leave a Reply

Your email address will not be published. Required fields are marked *