Points of Light

On a day when we all can use some points of light, I will bring you one.  One of WLV‘s portfolio companies, Holberg Financial, was accepted into the Points of Light Civic Accelerator.  This is a big deal.

Welcome to the Fall ‘18 @civicacceleratr, @holbergfinance! Read more about how their employee benefit reduces financial stress and helps employees achieve their goals: https://t.co/XGzesGANTh #finhealth #CivicX #SocEnt pic.twitter.com/NwEscnlPw7

— Civic Accelerator (@civicacceleratr) September 27, 2018

We really love what Holberg is doing and are glad that the accelerator does too. Holberg added more customers again last month and is bringing financial security more people.  Holberg is one of thirteen companies that was accepted. The process to get in was long and arduous with a lot of interviews.  The accelerator takes place over time in three cities, Atlanta, Philadelphia and Chicago.

From the linked article:

“We are excited to support, along with our funders and partners, such promising ventures increasing financial resilience and economic mobility for individuals and families facing the most significant barriers,” said Ayesha Khanna, founder of the Points of Light Civic Accelerator. “Forty-three percent of U.S. households can’t afford a basic monthly budget to cover food, housing, health care, transportation and childcare costs, forcing families to make difficult trade-offs. In addition, 50 percent of Americans have little or no savings and are unable to invest in their future, let alone withstand financial shock. Our ventures provide a wide range of solutions from financial education and pathways to building wealth, to access to affordable credit and banking services. We need these ventures to scale their bold solutions so that all can participate and succeed in the innovation economy.”

Two years ago, I was part of an international delegation in Torino, Italy that looked intently at the future issues surrounding big data, artificial intelligence and the future of work.  We have got to get public policy right so that we don’t screw up generations of people.

At the same time, companies like Holberg can do great things for people today.  There isn’t one business in America that cannot utilize their services.  Not one.  For a low monthly fee you can offer this benefit to your employees and ease the stress in their life.   Holberg is a neutral player in the value chain so there are no hidden agendas.  They are transparent about what they do and how they do it.  Studies show when a company uses Holberg, employees get significantly more productive so it’s win/win for everyone.