OfColor, a Maplewood, NJ-based enterprise SaaS provider focused on the financial health of employees of color, received an investment from funds advised by PSG.
The amount of the deal was not disclosed.
Founded by CEO Yemi Rose, OfColor is a financial wellness SaaS platform to improve the financial health of minority employees, to enable them to learn and keep more of their income. The company, which is currently working with MetLife to support their efforts to improve the financial health of all employees nationally, serves employers to enable companies of all sizes to provide their employees with access to fintech tools. .
Before launching OfColor in 2019, Rose most recently served as Vice President of Financial Wellness Enterprise Initiatives with Prudential Financials’ Global Communications Group. He previously served as a senior executive at KPMG and BlackRock, where he worked to maximize the value of their fintech ventures.
FinSMEs
11/08/2021