Alpha Flite Inc

Company Description

Alpha Flite (Financial Literacy & Investment Through Education), a non-profit organization, is based on the Netflix model, it is an advanced video-based library offering, through which African American or LatinX individuals can obtain financial/investment knowledge based on their level of interest. This financial related information is aggregated into, and shared from a domain expertise of established and successful business men and women, via our Website, SMS Technology, Push Notifications, and our Mobile App. Financial Literacy Challenges:Decades of economic disparities prevent African American and Latinx communities from accumulating intergenerational wealth. African American and Latinx families possess a fraction of the wealth of white families, leaving them more economically insecure and with far fewer opportunities for economic mobility.*(Latinx and) Black households have more costly debt*African Americans face systematic challenges in narrowing the wealth gap with whites*SolutionOur financial literacy and educational program seeks to influence, shape the next generation of Savers and Investors through an offering of proof sourced videos, and guidance around healthy saving, investing and spending habits.*Source: Center for American Progress, Systematic Inequality How America's Structural Racism Helped Create the Black-White Wealth Gap, February 2018.

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