On May 25, 2020, George Floyd was murdered. Four members of the Minneapolis Police Department were responsible for his death. He begged for his life and called out to his mama: his words were haunting, “Please I can’t breathe.”
Since that day, the bravery of so many Black people to speak their truth has helped us come to understand that to be silent about this violence and the racism that drives it is to be complicit.
As the co-founders of EarnUp, we’re committed to fighting racism and white supremacy in all forms. We stand with the Black community and every person of color in our society.
Diversity has been core to EarnUp’s mission since day one. But when it comes to Black Lives Matter, we have not done enough. Today, we are committing to do more. We are committing to working toward concrete, impactful actions that will help create the world we want to live in — a world where justice, safety, and freedoms are truly shared by all regardless of race. Action and impact will be the arbiter of our efforts here, not social media posts.
EarnUp’s vision is to create a financial system that works for everyone. These systems are rife with racial bias to a horrific degree. This racism has and continues to operate at all levels — individual and systemic.
We focus much of our time at EarnUp on homeownership — an industry with a long history of blatant racism that has had a major role in keeping Black communities excluded from opportunities for financial stability and wealth creation. Currently, the average white household in this country has a net worth 10 times higher than the average Black household.
We have the opportunity at EarnUp to challenge these broken systems. Although we have made some progress towards combating inequities in the financial system that disproportionately affect Black communities and other racial minorities, our mandate has never specifically and intentionally focused on race.
As a result, we have not yet taken express actions to protect, promote, and support Black Lives. We have fallen short in the following areas:
Here are the actions we are taking right now:
We are taking a critical look at how we do business.
We look forward to sharing with you, over the coming weeks and months, what internal improvements we are making and how we are seeking to solve issues of equity and injustice in the financial industry.
Sharing our truth is an important step to healing and growth in any community. We will post updates on what we have done.
Matthew & Nadim
P.S. If you would like to partner with us in this endeavor, please contact us at [email protected]