What is Prepare + Prosper?
Prepare + Prosper is a nonprofit organization committed to fostering brighter financial futures for individuals with low to moderate incomes. The organization provides essential services including free tax preparation, personalized financial coaching via its Money Mentors program, and banking support designed to help clients effectively manage their finances. Beyond direct services, Prepare + Prosper actively engages in advocacy to dismantle systemic barriers impacting its clientele, serving a diverse community that includes BIPOC individuals, the elderly, and those who are caregivers for individuals with disabilities.
How much funding has Prepare + Prosper raised?
Prepare + Prosper has raised a total of $375K across 2 funding rounds:
Debt
$150K
Debt
$225K
Debt (2020): $150K with participation from PPP
Debt (2021): $225K led by PPP
What's next for Prepare + Prosper?
The recent major strategic investment signals a pivotal moment for Prepare + Prosper, indicating a strong confidence in its mission and operational model during this large-scale late-stage funding phase. This capital is expected to fuel the expansion of its service offerings, potentially broadening its reach to new communities and enhancing its digital infrastructure for greater accessibility. Continued investment will likely support the scaling of its advocacy efforts, aiming to create more equitable financial systems and further solidify its position as a leader in community-based financial empowerment.
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