Social Change Fund United and Stackwell Join Forces to Support Los Angeles Small Businesses
In a significant move to drive economic growth in historically under-resourced communities, Social Change Fund United (SCFU), founded by NBA legends Carmelo Anthony, Dwyane Wade, and Chris Paul, has partnered with fintech platform Stackwell and the National Basketball Players Association Foundation (NBPA Foundation). The collaboration aims to support small businesses in Los Angeles, with plans to expand across the United States.
The Visionary Ventures Program, launched by SCFU and Stackwell, is designed to provide holistic financial education and development resources to small business owners. According to a joint statement by Anthony, Paul, and Wade, "The Visionary Ventures Program represents our commitment to creating change in underserved communities. By partnering with Stackwell, we’re offering holistic financial education and development resources to help businesses thrive, particularly during these challenging times as our community works to rebuild from the wildfires."
Trevor Rozier-Byrd, Founder and CEO of Stackwell, highlighted the significance of this partnership, stating, "This is a critical moment for LA. When we show up for LA small business owners, they can show up for their community. That’s why we’ve teamed up with SCFU and the NBPA to launch Visionary Ventures. We’ve built this program with Stackwell’s program-building playbook that’s proven to drive incredible results."
This partnership marks the first time SCFU has collaborated with a fintech platform. Stackwell has a proven track record of creating innovative financial solutions and cultivating personal financial wellness, providing a solid foundation for small businesses to build long-term financial stability. The Visionary Ventures Program will serve as a pilot program, with the potential to be replicated and expanded to support small businesses and other audiences in need of increased financial wellness and grant support.
The program is supported by an accomplished Executive Council, comprising NBA giants CJ McCollum and Khris Middleton, WNBA stars Natasha Cloud and Candace Parker, and Creative Arts Agency (CAA) executives Callie Curry and Hillary Thomas, who will serve on the advisory board.
Los Angeles-based small business owners can download the Stackwell App and visit the Community hub to learn more about eligibility requirements and apply for the Visionary Ventures Program. To apply and learn more, download the Stackwell app today.
About Social Change Fund United
Founded in 2020 by NBA legends Carmelo Anthony, Dwyane Wade, and Chris Paul, Social Change Fund United (SCFU) works to advance equity, social justice, and criminal justice reform. Through strategic partnerships and targeted initiatives, SCFU creates pathways to success for underrepresented communities. As reported by PR Newswire, SCFU is committed to driving meaningful economic impact in historically under-resourced communities.
About NBPA
The National Basketball Players Association (NBPA) is the union for current professional basketball players in the National Basketball Association (NBA). Established in 1954, the NBPA’s mission is to protect and advance the rights of its players. The NBPA Foundation is dedicated to preserving the legacy of its members by supporting and assisting people, communities, and organizations worldwide.
About Stackwell
Stackwell is a fintech platform harnessing the power of investing to make wealth-building possible for everyone. With its easy-to-use app and community-driven programs, Stackwell aims to break down barriers to financial wellness and foster investing confidence. When more people have the opportunity to invest and grow their wealth, entire communities thrive.
The partnership between SCFU, Stackwell, and the NBPA Foundation demonstrates a significant commitment to supporting small businesses and driving economic growth in historically under-resourced communities. As reported by PR Newswire, this collaboration has the potential to make a lasting impact on the lives of small business owners and their communities.
For more information on the Visionary Ventures Program and to apply, please visit the Stackwell website.
Source: PR Newswire
