MoCaFi is a mission-driven fintech platform building financial services infrastructure that partners with governments, nonprofits, and communities to expand affordable mobile banking, cash-assistance distribution, and wealth-building tools. They are closing gaps in access and economic opportunity for unbanked and underbanked populations in the U.S.

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Investment Details

Portfolia Fund

Funding Round

Series A

Milestones

Funded in 2020 and 2021

About the Founder

Wole Coaxum

Wole C. Coaxum is a Founder and CEO of Mobility Capital Finance, Inc., a start-up financial technology company that leverages mobile technologies, data analytics and digital strategies to improve the financial behaviors of underbanked communities. Prior to starting Mobility Capital Finance, Inc in 2015, Wole served as Managing Director at JPMorgan Chase where he held a series of leadership positions in Business Banking, Card Services, and Treasury & Securities Services. Prior to joining JPMorgan in 2007, Wole was a senior executive of Willis Towers Watson, where he served as Chief Financial Officer & Chief Operating Officer of Willis North America and Chief Executive Officer of Willis Canada. Wole currently serves as the Chairman of the Board for Phoenix House New York, is a Trustee of Phillips Exeter Academy and is a former Board member of the Williamstown Theatre Festival.He is the recipient of the Harlem YMCA – Black Achievers in Industry Award. He has a Masters of Business Administration degree with a concentration in Finance from New York University, a Bachelor of Arts degree with a major in History from Williams College and studied Politics, Philosophy and Economics at Exeter College, Oxford University.

Real  Investors. Real Outcomes.

“I have learned so much about leadership, financial well-being, and the power of connection from the amazing community of women at Portfolia.”

Peggy Northrop
CEO of Watermark and Former Editor-in-Chief of More Magazine, Connecticut

“I love the concept of being able to invest and collaborate with others, mitigating my own risk by investing in a portfolio. It lets me see more deals in the pipeline.”

Chantell Preston
Healthcare Executive, Houston, TX

“I joined because I was excited that the model was more like a mutual fund and offered exposure to so many companies and opportunities to further learning.”

Namrita Kapur
Fellow, Yale School of Management, Boston, MA

“I have learned so much about leadership, financial well-being, and the power of connection from the amazing community of women at Portfolia.”

Peggy Northrop
CEO of Watermark and Former Editor-in-Chief of More Magazine, Connecticut

“I love the concept of being able to invest and collaborate with others, mitigating my own risk by investing in a portfolio. It lets me see more deals in the pipeline.”

Chantell Preston
Healthcare Executive, Houston, TX

“I joined because I was excited that the model was more like a mutual fund and offered exposure to so many companies and opportunities to further learning.”

Namrita Kapur
Fellow, Yale School of Management, Boston, MA

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