Upsolve, renowned as the nation’s top nonprofit financial education platform, has recently secured a substantial grant to further its mission.
The organisation, known for its impactful educational resources, has been awarded $4.2m from the Bill & Melinda Gates Foundation. This funding marks a significant milestone in Upsolve’s ongoing efforts to enhance financial literacy and assistance among low-income Americans.
The generous seed grant of $4,249,901 will be directed towards the development and deployment of Upsolve Assist, an innovative AI-powered Financial Counselor. This tool is specifically designed to cater to the needs of low-income individuals across the United States, providing them with tailored financial advice at no cost.
Upsolve Assist aims to revolutionise how financial guidance is delivered by analysing individual user profiles to offer personalized advice on debt management, credit improvement, and accessing essential financial resources. By integrating advanced AI technologies, Upsolve intends to make comprehensive financial counseling accessible to those who are most in need.
Jonathan Petts, co-founder and CEO of Upsolve, shared his enthusiasm for the project, stating, “We’re excited by the Gates Foundation’s support for our vision of making personalized financial assistance available on demand for low-income Americans.”
Ben Jackson, co-founder of Upsolve, added, “Having gone through the process of filing for bankruptcy without the money to afford legal help, I know firsthand how hard it is to navigate high debt and poor credit. We’re building Upsolve Assist so others don’t have to walk alone through financial distress. Our goal is to empower low-income Americans with the tools they need to regain control of their financial future.”
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