In a time where two billion people worldwide are living outside the financial system, we are entering a golden age for empowering the underbanked. Traditional banking is being expanded to reach every corner of the globe, and the FinTech industry is lighting the way forward. New companies and services are emerging to offer new ways to deliver financial services many of us take for granted, giving the financially underserved new tools and resources to better save and invest.
In the VC community, we have many ways to support this historic initiative. By both investing in the next crop of promising companies delivering affordable banking resources and supporting greater financial education, we can be better advocates for financial literacy. We can also help ensure all public schools introduce financial education early in their curriculums, where two learning streams are needed: one that equips students with the financial skills to manage daily life, and a second that prepares students for the evolving job market, so their skills are relevant to employers.
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