100M Americans have bad credit or no credit at all. This startup will fix that.

It’s crazy to think that this set of three-digit numbers can divide Americans into two categories: “worthy” or “unworthy.” Credit scoring is imperfect and arguably unfair, excluding far too many people from participating fully in our financial system. Today, we're diving in with Warren Hogarth from Empower

Access to affordable credit isn’t a given for over 100 million people in this country. It’s estimated that 60 million Americans have credit scores below 700, while 45 million are either credit invisible or unscorable.

Visit empower: https://empower.me
Work at Empower: https://empower.me/careers/

00:00 Underwriting the next billion
01:12 Solving access to credit
3:28 The power of credit
5:43 Empower’s impact and mission
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I’m Garry Tan, venture capitalist and founder at Initialized Capital. We were earliest investors in billion dollar startups like Coinbase and Instacart, and I’m a Forbes Midas List Top 100 venture capitalist in the world. We want these videos to be about helping people build world-class teams and startups that touch a billion people. Our startups have gone on to create more than $200 billion in market value so far, and Initialized has over $3.2B in assets under management.

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