CNote provides a secure platform for FDIC-insured deposits and fixed income solutions, connecting investors with a vetted network of Minority Depository Institutions and Community Development Financial Institutions (CDFIs). This approach directly channels capital into underserved communities, creating jobs and supporting BIPOC-owned small businesses while promoting economic and racial justice.
Funding
$16.1M 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.
+5Founders
Product
Problem
Traditional investment options often overlook the potential for social impact, leaving investors seeking to align their financial goals with their values with limited avenues. Many community development financial institutions (CDFIs) and minority depository institutions (MDIs) lack access to sufficient capital to support underserved communities and BIPOC-owned small businesses.
Solution
CNote provides a platform that connects investors with a vetted network of CDFIs and MDIs, enabling them to deploy capital directly into underserved communities. The platform offers FDIC-insured deposit products and fixed-income solutions that generate both financial returns and measurable social impact. CNote's technology empowers institutions and individuals to align their investments with causes they care about, such as job creation, BIPOC-owned small business funding, and affordable housing development. Through CNote, investors can support economic and racial justice while achieving their financial objectives.
Target Audience
CNote serves individual investors, corporate treasurers, foundations, and financial institutions seeking to invest in underserved communities and promote economic and racial justice through fixed income and deposit products.
Features
- Access to a curated network of federally-certified CDFIs and MDIs with proven track records.
- Impact Cash accounts offering FDIC or NCUA insurance.
- Fixed-income investment options with competitive returns.
- Impact reporting to track the social and economic outcomes of investments.
- Due diligence and vetting process to ensure the credibility and effectiveness of partner institutions.
- Solutions tailored for individual investors, corporate treasurers, foundations, loan funds, credit unions, and banks.