DURHAM, North Carolina, July 8, 2021 / PRNewswire-PRWeb / – Zogo Finance (“Zogo”), the financial technology company committed to empowering the next generation of financial decision-makers, today announced that it signed a record 15 new partner financial institutions in June. These most recent signatories, which include credit unions and banks of various sizes, bring the total number of Zogo partners to 116.
This continued strong momentum underscores the strong appetite for Zogo’s offering, particularly following an economic shock that revealed the serious need for financial resilience and preparedness. Now a trusted partner of financial institutions in all 50 states, Zogo offers small learning modules that aim to make financial education fun, easy and social. Its application-based solution helps young adults improve their understanding of key financial concepts while simultaneously enabling banks and credit unions to better engage their fastest growing customer segment.
Among the new partners of Zogo is National Association of Stearns Bank, a $ 2.2 billion, an independent financial institution with locations in Minnesota, Florida and Arizona. Thanks to his Stearns Bank mobile banking app and platform, also known as StearnsConnect, Stearns Bank will offer over 300 co-branded financial literacy modules that explore key concepts such as saving for retirement, using credit responsibly, creating a budget, and more. This engaging educational content, endorsed by finance professionals, was developed by Zogo Gen Z and members of the Millennium Team to reflect the younger generations’ predilection for technology-assisted micro-learning. As users progress through a module, designed to take around two minutes each, they also accumulate points which can be redeemed for gift cards from major retailers such as Amazon or Starbucks.
“Stearns Bank is driven by a passion to help others achieve their greatest ambitions, and we believe that financial literacy is the foundation of this foundational mission, âsaid Kelly skalicky, President and CEO of Stearns Bank NA. âThrough this partnership with Zogo, we look forward to helping our valued clients acquire the financial management skills they need to achieve their personal and financial goals. We are confident that Zogo’s rewarding and fun approach to financial literacy will prove to be appealing and valuable to individuals. of all ages. “
Josh hofer, Stearns Bank Chief Risk Officer and Information Security Officer, added: âWe were particularly impressed with the maturity of Zogo’s solution and the ease with which it integrates with our electronic banking platform. As a forward-looking financial institution, we are always on the lookout for robust tools. that will allow us to better serve our customers and help them prosper. Zogo’s modern and accessible approach is particularly compelling. “
Bolun Li, Founder and CEO of Zogo, commented, âWe are on a mission to promote financial well-being and we are delighted that so many financial institutions have stepped up with us. Banks and credit unions are uniquely positioned to take a leadership role when it comes to strengthening financial literacy in their communities, deepening their relationships with customers in the process. “
Situated at Durham, North Carolina, and created by young adults for young adults, financial technology company Zogo’s mission is to promote financial well-being. Backed by scientific research, its award-winning app offers small-sized modules and tangible incentives to make financial literacy education accessible, fun and rewarding. The company partners with financial institutions in all 50 US states to help them educate, engage and empower the next generation of financial decision makers. Zogo’s main investors and advisors include seed accelerator Techstars, a former CEO of Sageworks and various duke university Faculty. To learn more, visit zogofinance.com or follow us on Instagram @zogofinance.
Minnesotabased at Stearns Bank National Association is a $ 2.2 billion, an independent financial institution with locations in Minnesota, Florida and Arizona, and more than 35,000 small business customers nationwide in every US state. Recognized as one of the best performing banks in the country by American Banker and once again ranked among the top 10 best performing banks in the country among banks with more than $ 1 billion in assets based on an average return on assets over 3 years, as reported by the Independent Community Bankers Association in its 2021 “Best of the Best” ranking. Stearns Bank specializes in nationwide construction loans, SBA and small business loans, and equipment finance, consistently among the 20 most active SBA lenders and 50 largest equipment finance companies nationwide . Driven by the passion to help others achieve their greatest ambitions, Stearns Bank does the job! For more information visit StearnsBank.com.