JAY-Z has invested in, Perch Credit, an app aimed to help underserved communities boost their credit scores.
Perch Credit CEO Michael Broughton and CTO Ayush Jain will join forces with credit unions to report recurring payments like rent and subscriptions like Netflix, Hulu, and Spotify. MVP, co-founders Jay-Z and Jay Brown with venture capitalist Larry Marcus, is allowing them to grant access to free credit building and financial literacy content.
“Yeah, definitely not easy. I came from a background where I was never even exposed to venture capital or working with investors. And it wasn’t until YC and meeting Michael that I really started learning how to get engaged, how to start talking to VCs and start raising capital. I got told no over 100 times before we got our first check.” Perch Credit CEO Michael Broughton said
Broughton has a goal of helping 100,000 people.
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