Rachel Kothe, Author at Drake Bank

Business Wire: B Generous, Creator of the World’s First Philanthropic Credit Product, Recognized for Innovation in PayTech Awards 2023

PARSIPPANY, N.J.--(BUSINESS WIRE)--Provenir, a global leader in data and AI-powered risk decisioning software, today congratulated its customer B Generous for being recognized as a finalist in the “PayTech for Good” category of the PayTech Awards 2023. The PayTech Awards celebrate and recognize outstanding achievements in the use of technology in the finance and payment industry worldwide. The ...

Rachel Kothe2023-06-30T13:28:04-05:00May 16th, 2023|B Generous, Fintech Partners|

Fast Company: 29 companies that prove you can make a difference from the outset

The On the Rise honorees are part of Fast Company’s 2023 World Changing Ideas Awards. Explore the full list of projects we’re honoring for making the world more equitable, accessible, and sustainable. The On the Rise category of Fast Company’s World Changing Ideas Awards honors projects from companies that have been in business for less than ...

Rachel Kothe2023-05-03T15:18:38-05:00May 3rd, 2023|B Generous, Fintech Partners|

5 Ways to Teach Kids How to Save Money

Most adults understand the importance of financial education and teach financial responsibility. It is also important to kids about finances, savings, and being responsible. Here are five ways to teach kids about money and help them learn smart saving techniques early. 1. Wants and Needs Teaching kids the difference between ‘wants’ and ‘needs’ can help ...

Rachel Kothe2023-05-03T15:15:43-05:00May 3rd, 2023|Blog|

Minnesota Loan Guarantee Program

Drake Bank has been designated as an Approved Lender for the Minnesota Department of Employment and Economic Development’s (DEED) Minnesota Loan Guarantee Program (MNLGP). The MNLG program provides guarantees to enrolled lenders for up to 80% of the principal on loans to eligible businesses. It is part of the State Small Business Credit Initiative and ...

Rachel Kothe2023-03-07T16:22:04-05:00March 15th, 2023|Blog|

What to know about the FDIC and FDIC Insurance

What is the FDIC? The FDIC, or Federal Deposit Insurance Corporation, is an independent agency Congress created in 1933. The goal of the FDIC Is to maintain stability and public confidence in the nation’s financial system. The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex ...

Rachel Kothe2023-03-13T09:05:04-05:00March 13th, 2023|Blog|

American Banker: More nonprofits are digitizing small-dollar donations

Since 2021, the number of smaller donors contributing to nonprofits has declined, sparking a new interest in using technology to make it easier to give to a charity. Economic upheaval, inflation and the ongoing decline in the use of checks and cash, which have traditionally formed the backbone of individual contributions to nonprofits, have taken ...

Rachel Kothe2023-02-24T15:49:11-05:00February 23rd, 2023|B Generous, Fintech Partners|

Drake Bank is named an Approved Lender for the Minnesota Department of Employment and Economic Development’s (DEED) Minnesota Loan Guarantee Program (MNLGP)

St. Paul, Minn. | January 24, 2023 – Drake Bank has been approved as a lender in the Minnesota Loan Guarantee Program by the Minnesota Department of Employment and Economic Development (DEED). The Minnesota Loan Guarantee Program (MNLGP) provides guarantees to enrolled lenders for up to 80% of principal on loans to eligible businesses. It ...

Rachel Kothe2023-01-24T09:48:28-05:00January 24th, 2023|Press Releases|

Nasdaq: The Changing Buy Now, Pay Later Model: Shift to B2B and Consumer Specialties, Including Donations

According to Fidelity Charitable, the number one reason why more than 70% of donors don’t give more (or at all) is due to financial constraints. The second biggest reason is that they don’t believe their gift will be large enough to make a difference. At B Generous, we remove these constraints to allow donors to give ...

Rachel Kothe2023-02-24T15:53:42-05:00January 13th, 2023|B Generous, Fintech Partners|

NPTechForGood: How Donate Now, Pay Later is Transforming Millennial & Gen Z Giving for Nonprofits

Millennials are coming into their own income-wise. They have a charitable and philanthropic mindset, and yet, many nonprofits say millennials aren’t showing up treasure-wise in the same way as previous generations. According to Nonprofit Pro, “Millennials represent 33 million annual donors, have a $481 annual gift, and contribute to three charities annually.” Still, that’s around 34% ...

Rachel Kothe2023-01-17T08:37:44-05:00January 12th, 2023|B Generous, Fintech Partners|

NonProfitPRO: B Generous Processed $250,000 in Donation Loan Requests and Approved $1M of Credit

B Generous, a fintech-for-good company offering a first-of-its-kind Donate Now, Pay Later (DNPL) product, announced it is currently partnered with 80+ national and regional nonprofit organizations and has received more than $250,000 in donation loan requests in its first 90 days since launch, and approved $1 Million of interest free credit for donors. Read More ...

Rachel Kothe2023-01-12T09:55:05-05:00January 10th, 2023|B Generous, Fintech Partners|

About Rachel Kothe