“This partnership represents an extraordinary opportunity to advance our mission and broaden access to innovative solutions that drive financial inclusion,” said Marisa Calderon, President and CEO of Prosperity Now. “Technology, when built with intention, holds the power to bridge the wealth gap, and by combining our strengths with the cutting-edge financial technology of Change Machine and Credytu, we are poised to accelerate systemic change and deliver greater financial security for millions of people across the country.”

Unlocking the Potential of AI for CDFIs

As part of Prosperity Next, Credytu, and Prosperity Now will build a revolutionary AI-powered platform designed specifically for CDFIs and small business lenders. This platform will not only streamline operations and enhance client services, but also bridge the gap between lending and the capital markets, expanding impact and growth potential of these institutions. The AI-driven tools will improve efficiency in both English and Spanish and offer unprecedented data insights internal operations and investor relations.

“AI has the potential to either significantly shrink or significantly grow the opportunity and wealth gap in the United States,” said Alexandra Villarreal O’Rourke, Founder of Credytu. “This platform will ensure that CDFIs benefit from the gap-closing power of this technology and bring that power to the communities they serve.”

Revolutionizing Financial Security with Change Machine

Change Machine, led by Founder Mae Watson Grote, has been at the forefront of empowering marginalized communities with tools to build financial security. Through this partnership, Change Machine will integrate advanced data collection tools to enhance service offerings and drive better outcomes for clients.

“By joining forces with Prosperity Now, we can amplify progress toward our shared vision of building an economy that is just, fair, and free from structural inequity,” said Mae Watson Grote, founder and CEO of Change Machine. “This partnership will allow us to push the boundaries of what’s possible in financial security and equity by demanding more diverse inputs and in doing so expecting better outcomes. We believe responsible technology is the missing tool that can enable us to have better outcomes that close the racial and gender wealth gap.” 

A Dynamic Vision for Prosperity

The announcement, made during the Summit’s plenary session, was framed as part of a larger discussion on how cutting-edge innovation and inclusive strategies can redefine prosperity. Featured speaker Nancy Giordano highlighted the importance of fresh leadership paradigms that emphasize agility, empathy, and purpose. Attendees were inspired by discussions on cultivating cultures of continuous learning, collaboration, and driving long-term value with a focus on societal well-being.

With ”Prosperity Next,” Prosperity Now reaffirms its commitment to learning from the past while boldly innovating for the future, setting the stage for a more equitable financial landscape.