D.C. fintech startup Nevly raises early-stage funds to launch an app to boost credit scores

Eric Blue sold all the possessions he had, including literally the coat off his back, to start up Nevly.

He had been through worse before. Throughout Blue’s high school years, he and his mother were evicted 26 times. He had no home when he took his SATs and ACTs, but he did well nonetheless — enough to earn him entry into Louisiana’s Xavier University to attain a mathematics degree and, after that, the University of Texas-Austin for a law degree and, eventually, a career as a lawyer and investment banker.

But he never forgot his road to that point. And he understood all too well how destructive poor financial health could be, not unlike a debilitating disease. So, when Blue founded Nevly in 2021, he was willing to forgo some of his own financial stability if it meant helping provide it for others, particularly underserved communities — “brick by brick, building the foundation of consumer financial health,” he said.

“I know this customer and I know their pride,” he said.…

Read the full story from the Washington Business Journal.
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