Howard University Grads to Develop Game-Changing Group Investing Platform

 

Millennial Black Tech Founders Aim to Close Wealth Gap by Increasing Number Black & Brown Stock Investors

 

Washington, D.C. -- Two Howard University graduates aim to lure more Black and Brown millennial stock investors to the table with forthcoming investment club technology. DvyUp is a mobile app that will enable users to form, fund, and manage real money investment clubs. Through this forthcoming app, users will be able to propose, discuss and vote on trades. Users will also have access to a dynamic social community by following top clubs and individuals to get real-time ideas from like-minded peers.

 

Many communities of color are not participating in the stock market due to

the lack of education and the risk associated with a fluctuating market.

Only 84 percent of all stocks owned by Americans belong to the wealthiest

10 percent of households. That includes everyone’s stakes in pension plans,

401(k)’s and individual retirement accounts, as well as trust funds, mutual

funds and college savings programs like 529 plans. 

 

Research shows Latinx and Black Americans invest in stocks at much

lower levels than whites with similar incomes and education. DvyUp provides

a power solution to addressing the wealth gap by making the stock market

more accessible to everyday Americans, especially those from communities

of color, by allowing investors to “divvy” up the costs of stock purchases in

social network that provides rigorous educational support and peer-to-peer

dialogue.

 

Hear more from the founders.

On June 24, 2021, DvyUp kicked off its first round $50,000 equity funding campaign to bring the app to life. To date, the campaign has raised $16,500. Founders Michelle Janaye (‘07) and Jeffrey Chance (‘09) are both graduates of Howard University.

 

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DvyUp.com | Share the risks. Share the rewards! | @dvyup