In 2011, HelloWallet Donates 20,000 Free Subscriptions to Families In Need

WASHINGTON--(BUSINESS WIRE)--As part of their charitable mission to give away 1 free subscription for every 5 sold, online financial guidance company HelloWallet announced today that they have donated 20,000 free subscriptions to community organizations that serve families in need across the country in 2011 and that they will give away more than 40,000 in 2012 based on the deals they have recently signed. HelloWallet finds families in need through partnerships with nonprofit organizations Emerging Markets, One Economy, and Co-Opportunity, along with numerous others.

“We couldn’t be more excited to be partners with these great community groups. It’s amazing to hear the stories of how HelloWallet is helping to empower families with their finances.”

HelloWallet provides users with a suite of technology-based applications that provide personalized financial guidance to assist families in saving money & paying down debt. The application is mainly distributed through large employers to employees as a workplace benefit.

“Our mission is to democratize access to independent financial guidance, even among those that cannot afford it. We judge ourselves by not only the return to our investors, but by the return we generate for the community,” said HelloWallet Founder & CEO Matt Fellowes. “We couldn’t be more excited to be partners with these great community groups. It’s amazing to hear the stories of how HelloWallet is helping to empower families with their finances.”

“Never before have we seen a service like HelloWallet, that empowers our members to make the best decisions when managing their money,” said Angelika Frias of Emerging Markets. “It’s making a huge difference in the lives of our members.”

If you’re a community group that provides financial literacy training and are interested in receiving subscriptions to HelloWallet for your members, please email us at [e-mail].

About HelloWallet

HelloWallet is a provider of technology-based, personalized financial guidance to employees of Fortune 1000 companies and other large institutions. It helps workers save money, improve their well-being, and manage their financial responsibilities through personalized, independent guidance and management services. Additionally, the company gives one membership to a family in need for every five subscriptions it sells. Founded in 2009, HelloWallet has raised over $9 million in investment capital, led by Grotech Ventures & Revolution Ventures. The company is led by former Brookings Institution Fellow, Matt Fellowes.

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