Editor’s note: At the start of the year, we look at which young companies have caught our eye for hitting a milestone, bringing in funding or growing its revenue base. This company has made our list of our Startups to Watch for 2023. See them all here.
With just $7,000 in her bank account, Fonta Gilliam launched Wellthi with the dream of digitizing a global tradition of informal lending circles that help people all over the world meet their financial goals.
Her vision: a community-based savings platform that partners with community banks. From 2015 to 2020, she spent her days grinding and cobbling together dollars from accelerators, small investors and the D.C. government to fund her business. In 2020, she started gaining traction through D.C. partnerships that connected businesses with local lenders to raise a total $1.2 million in a three-month period.
Simply put, her platform works with users’ banking apps to allow them to set financial goals with friends and family members,…
Read the full story from the Washington Business Journal.
