New fund aims to raise £20m, disrupt markets and end the poverty premium in 10 years
We Are Digital has been selected to be part of a new £20 million investment fund that aims to provide alternative services to millions of people on low incomes. As part of the programme, We Are Digital will work with Wayra UK and Telefónica Open Future UK to help people to manage their finances, find the best deals and provide training for financial management.
Around fourteen million people live in poverty in the UK, more than one in five of the population. The fund aims to help those that are struggling to face the poverty premium – having to pay more for essential goods and services, such as their energy bills, for credit or essential needs like food.
One of five start-ups announced to receive support from Wayra UK, We Are Digital will work with these companies to eliminate the poverty premium within 10 years.
Matthew Adam, CEO of We Are Digital, commented: “The poverty premium is an injustice that is a sign of market failure and something we urgently need to address. With levels of household debt rising, this problem is only going to worsen and we have a social responsibility to address it. The Wayra UK fund is an important first step and we are excited to work with the fund to level the playing field.”
News Archives
-
We Are Digital wins Waltham Forest Council contract
(15.09.20)
We Are Digital wins Waltham Forest Council contract Community investment and digital skills training provider We Are Digital has won a contract with Waltham Forest Council to provide a targeted group of residents with digital and financial inclusion training. All … Read more
-
COVID 19
(10.06.20)
During the COVID 19 Pandemic We are Digital has changed its working practices to ensure the safety and well being of its Staff, Customers and Partners who support the business. We are in a fortunate position that we have been … Read more
-
Office Refurbishment
(21.12.19)
We Are Digital (WAD) are proud to announce that we are looking for a supplier for our Office refurbishment as we look to move to Floor 2 in Friars House, Coventry, CV1 2TE. This tender is for the refurbishment works … Read more
-
We Are Digital Secures £1.5 Million to Bridge the Digital and Financial divides
(18.06.19)
In a massive boost to our ongoing expansion plans, we have secured £1.5 million in funding, which will be used to hire key staff and make technology upgrades that will allow us to scale our operations and impact. We work … Read more
-
Q&A: Kathy Valdes, managing director, Digital Unite
(27.07.18)
Q: Can you tell us about yourself and your role? A: I’ve worked with Digital Unite for nearly ten years. My current role is managing director. Previously, I worked with housing providers and charities to help provide solutions for … Read more
- Two fifths of working-age 'struggling' & 'squeezed' people don't currently save regularly. One in five borrow money… https://t.co/Nk54ufOS7u - 6 days ago.
- Our new financial capability support uses industry research to deliver higher engagement among social housing resid… https://t.co/n0Ej86EVgE - 7 days ago.
- RT @PfPLivingPlus: Would you like to improve your digital skills to access online services and build your confidence? We are working in par… - 8 days ago.
- 11.5m people in the UK have less than £100 in savings; 9m people borrow to buy food or pay bills. With recent chall… https://t.co/0k7wixBMui - 8 days ago.
- Become a Digital Marketing expert – sign up now for a #Traineeship and get a fully funded work placement and qualif… https://t.co/t1NxXpbAib - 29 days ago.
-
We Are Digital wins Waltham Forest Council contract
15.09.20
We Are Digital wins Waltham Forest Council contract Community investment and digital skills training provider We Are Digital has won a contract with Waltham Forest Council to provide a targeted group of residents with digital and financial inclusion training. All … Read more
-
COVID 19
10.06.20
During the COVID 19 Pandemic We are Digital has changed its working practices to ensure the safety and well being of its Staff, Customers and Partners who support the business. We are in a fortunate position that we have been … Read more
-
Office Refurbishment
21.12.19
We Are Digital (WAD) are proud to announce that we are looking for a supplier for our Office refurbishment as we look to move to Floor 2 in Friars House, Coventry, CV1 2TE. This tender is for the refurbishment works … Read more
Interested in finding out more about our courses, have a passion to become a tutor or you’ve got a question but not sure who to ask? Then get in touch with us.
Phone: 03333 444019
Email: info@we-are-digital.co.uk