StoreCash Introduces App that Brings Financial Literacy to Minority Communities and Teens

StoreCash, which was founded by CEO Daricus Releford, CTO Phani Mullapudi and CDO Sheetal Ravi
to teach young people financial literacy, has introduced a mobile app that
helps minority teens and other community members develop financial literacy.

The app is envisioned as a means to close the wealth gap and help minorities
and lower-income people create generational wealth. Mullapudi is originally
from India, which is among the top 10 countries in the world with a large
wealth gap, and he saw that gap firsthand. Once the three visionaries got
together and focused on their common, passion-driven goal, StoreCash was
born.

Financial literacy is taught in schools, but not in many minority schools and
not in underrepresented communities, which increases the wealth gap. With the
StoreCash app, the company aims to close this gap.

StoreCash App

According to Federal Reserve reports, only 71 percent of Americans have a
savings account, and only 22 percent of all Americans have $1,000 to $5,000 in
savings. In general, people know how to earn money and spend money, but many
don't know how to save or invest it. The StoreCash team's biggest challenge
was reaching the root of the problem and introducing financial literacy
education at a young age.

The StoreCash app is available to anyone aged 13 and up to change the mindset
in underserved communities as early as possible. The vision is to create a
bank that provides financial literacy and offers the maximum cashback at
retailers that users already shop with - regardless of the app user's age.
Indeed, most banks and financial institutions only focus on adults at least 18
years old.

StoreCash is solving this issue by providing a gamified banking application
that enables young students from underrepresented communities, along with
their parents, to learn in a fun and interesting way. They have created
financial literacy tools and resources, such as tips of the week and
investment 101, that help users feel safe and have fun while learning.

Global Problems, Innovative Solutions

Founder and CEO Daricus Releford

"The impact I want to have in this world is to increase the wealth of
lower-income communities by providing them with the financial tools and
resources to gain generational wealth. We're also aiming to help these
communities save money on everyday items to create additional funds for them
to invest," Releford said. "We're creating a new strategy for those who
haven't been represented to create a financially literate mindset."

StoreCash is available on the Apple App Store and Google Play. For more
information, visit storecashapp.com.

Company website: https://www.storecashapp.com
Founder LinkedIn: https://www.linkedin.com/in/daricusreleford
Founder Twitter: https://twitter.com/daricusreleford

Media contact details:
Company Name: Storecashapp
Email: sana@theprgenius.com

To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/108610

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