American Banker Features Boss Insights, Carver Bancorp & Paybby Partnership To Support Minority-Owned Businesses
More than 40% of black & brown businesses could be at risk for failure because of the pandemic, specifically small businesses, so we know [the Paycheck Protection Program] is extremely important. The support of Boss Insights & Paybby allows us to make a big difference.Michael T. Pugh, CEO at Carver Federal Savings Bank
Thank you American Banker for featuring our Paycheck Protection Program (PPP) partnership to support minority-owned & female-led businesses. This partnership has given us the ability to ensure that money gets into the hands of people who would not necessarily have access to the same capital.
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Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank. Carver was founded in 1948 to serve African-American communities whose residents, businesses, and institutions had limited access to mainstream financial services. In light of its mission to promote economic development and revitalize underserved communities, Carver has been designated by the U.S. Department of the Treasury as a community development financial institution. Carver is among the largest African- and Caribbean-American managed banks in the United States, with nine full-service branches in the New York City boroughs of Brooklyn, Manhattan, and Queens.
Paybby is the leading Fintech company for the Black and Brown communities. We seek to advocate for the communities that have systematically not received fair access to financial services. We empower customers by providing better banking, innovative tools to manage finances, and opportunities to break the cycle of poverty and build wealth.
About Boss Insights
In an era where tech giants have increased customer expectations, lenders and private capital providers are challenged to offer complete and personalized solutions. Boss Insights provides business lenders with their customers’ financial data … in minutes. Our data platform gives lenders the clearest view of their business customers, accelerating small business and commercial lending from months to minutes. It provides Business Data as a Service with a single API to capture real-time business accounting, banking and commerce data (Quickbooks, Salesforce, Stripe, etc.). The data aggregation platform is proven and trusted by innovative financial institutions globally. Our mission is to provide banks and credit unions with a real-time understanding of their business client enabling them to offer customer delight.
Originally published Feb 18, 2021, updated Feb 22, 2021