MoneyStack partners with treatment centers to integrate specialized financial counseling into behavioral health aftercare programs. Their certified financial counselors provide one-on-one and group sessions focused on budgeting, debt management, and credit improvement for clients facing acute financial distress. This service aims to reduce client stress, build financial stability, and support long-term recovery outcomes.
Funding
$370K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
RKFounders
Product
Problem
Individuals facing mental health conditions or major life events often experience financial distress, which can exacerbate their emotional state and hinder the effectiveness of mental health therapy. Many mental health professionals lack the training or resources to address these financial concerns directly.
Solution
MoneyStack integrates financial counseling into behavioral health treatment, providing individuals and families with personalized support to navigate financial challenges. By partnering with healthcare teams, MoneyStack offers one-on-one and group financial counseling sessions, delivered virtually on a HIPAA-compliant platform. Their financial counselors collaborate with treatment providers to develop financial recovery plans that relieve pressure, restore hope, and improve overall treatment outcomes. Unlike traditional financial advisors, MoneyStack's counselors focus on helping clients recover from acute financial distress impacting their mental health, without selling financial products or offering investment advice.
Target Audience
MoneyStack primarily serves individuals and families experiencing financial distress related to mental health conditions, as well as healthcare providers seeking to integrate financial counseling into their treatment programs.
Features
- Integrated financial counseling services delivered in one-on-one, one-on-two (with the treatment provider), or group settings.
- Virtual sessions conducted on a HIPAA-compliant platform to ensure privacy and security.
- Financial counselors with expertise in budgeting, debt management, credit improvement, and navigating money systems for individuals and families.
- Collaboration with healthcare teams to integrate financial counseling into existing treatment plans.
- Development of personalized financial recovery plans to address immediate financial distress and promote long-term stability.
- Financial training for mental health professionals to help them navigate their clients' financial challenges.