In order to gain CDFI certification, a company must have a “primary mission of promoting community development” among other criteria. Techstars and VilCap Investments were early investors in Fig.
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Fig Makes Fintech History with Community-driven Certification
Fig, a fintech that services low-income borrowers, has become the first company of its kind to gain both federal certification as a Community Development Institution and gain classification as a Certified B Corporation. So reports Yahoo Finance.
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