MyPath

What MyPath does

MyPath is a San Francisco-based 501(c)(3) nonprofit organization founded in 2011 (with active program operations since 2015) that designs, tests, and scales financial capability interventions for under-resourced BIPOC youth aged roughly 16–24. The organization targets the inflection point at which young people earn their first income, providing tested Savings, Credit, and Financial Mentoring models delivered through a national partnership network spanning nonprofits, city agencies, and financial institutions. MyPath has reached 35,800 youth since 2015 with reported outcomes including 88% reporting increased financial knowledge and confidence, 97% setting aside emergency savings after Financial Mentoring, and 100% seeing improved FICO credit scores among credit-program participants.

The organization's product portfolio includes three core intervention models — MyPath Savings (bank account access and savings goals), MyPath Credit (credit-building through coaching), and Financial Mentoring (one-on-one and group guidance) — alongside Technical Assistance services for partner organizations, Youth Leadership programs (New ERA, P.O.W.E.R. Leaders), and the Wealth Equity Lab, which houses experimental initiatives including MyPath MyMoney and the Black Economic Equity Movement (BEEM), a two-year Guaranteed Income pilot providing $500/month to Black young adults. MyPath has published the National Youth Banking Standards framework, co-developed with academic partners including the Federal Reserve Bank of San Francisco, and produces research reports that have been featured by the CFPB, Aspen Institute, and major national media outlets. The underlying technology consists of a digital financial education platform (MyPath Money) with interactive modules, peer coaching components, and online money management content.

MyPath operates a B2B-to-C go-to-market model with no consumer-facing pricing; programs are delivered free to end beneficiaries and funded through institutional grants from foundations (Citi Foundation, Kresge Foundation, Silicon Valley Community Foundation), corporate partners, and government sources. Revenue is not publicly disclosed. The organization is headquartered at 2430 Mission Street in San Francisco and employs 11–50 staff.

Name

MyPath

Legal name

MyPath

Website

https://mypathus.org

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

MyPath is a San Francisco-based nonprofit that designs and delivers Savings, Credit, and Financial Mentoring programs for BIPOC youth at the point of their first paycheck, reaching 35,800 youth since 2015 through a national partner network of nonprofits, cities, and financial institutions.

Ownership category

akta.pro rank

Product category

Youth Financial Capability Services

NAICS

Child and Youth Services (62411), Other Individual and Family Services (624190), Educational Support Services (6117), Vocational Rehabilitation Services (62431)

SIC

Services-Educational Services (8200), Services-Social Services (8300)

akta.pro primary industry

Benefits Counseling & Financial Literacy for Transition-Age Youth (EDAKANAJ)

akta.pro secondary industries

Youth-to-Adult Transition & Life Skills (Independent Living, Soft Skills) (EDAAAFAN), After-School, Tutoring & Academic Enrichment Nonprofits (BPAGADAC), Youth-to-Adult Bridge & College Readiness (Noncredit) (EDAAAEAK)

Keywords

• Youth financial capability
• Financial education programs
• Credit building services
• Nonprofit financial inclusion
• Youth savings programs

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Grant Funding: MyPath is a nonprofit organization that generates revenue through grants and funding from institutional funders, foundations, and government partnerships.

Distribution channels3 records

Marketing channels5 records

Core offering

MyPath designs, tests, and scales innovative youth financial capability interventions that engage BIPOC opportunity youth at the inflection point of earning their first income. The organization delivers a portfolio of program models including MyPath Savings, MyPath Credit, Financial Mentoring, and Youth Leadership Programs, and provides Technical Assistance Services to help youth-serving organizations integrate these approaches. Programs are delivered through partnerships with nonprofits, city agencies, and financial institutions at no direct cost to participants.

Product overview

MyPath is a nonprofit organization that designs, tests, and scales innovative youth financial capability interventions. Rather than a unified software platform, MyPath offers a portfolio of service programs including MyPath Savings (bank account access and savings goals), MyPath Credit (credit-building through coaching), Financial Mentoring (one-on-one guidance), and Youth Leadership Programs (New ERA, P.O.W.E.R. Leaders). The Wealth Equity Lab houses experimental initiatives like BEEM (Guaranteed Income) and MyPath MyMoney. MyPath also provides Technical Assistance Services to help partners implement these models and publishes the National Youth Banking Standards as a framework for youth-friendly financial products.

Differentiator

Problem solved

Functional benefit

Brands

• MyPath MyMoney: A component of the Wealth Equity Lab focused on youth financial empowerment
• Black Economic Equity Movement (BEEM)
• Youth Bill of RYTS
• New ERA
• P.O.W.E.R. Leaders
• Wealth Equity Lab
• MyPath Savings
• MyPath Credit
• MyPath Financial Mentoring

Products and services

• MyPath Savings A savings model designed for low-income working young adults that helps participants open bank accounts, set savings goals, and develop financial capability through evidence-based interventions. Intended for delivery through youth employment programs and youth-serving partner organizations.
• MyPath Credit A credit-building model designed specifically for low-income working young adults that combines financial coaching, credit-building, and saving to help youth establish and improve their credit scores. Delivered through partner financial institutions such as Self-Help Federal Credit Union and Excite Credit Union.
• Financial Mentoring One-on-one and group financial mentoring services that pair youth with trained mentors to build financial knowledge, confidence, and practical money management skills. Targeted at low-income young adults, including transition-age foster youth served through the Guaranteed Income Plus Financial Mentoring Pilot.
• Technical Assistance Services Advisory and support services provided to youth-serving organizations, cities, and financial institutions looking to implement MyPath's financial capability models and integrate youth-friendly accounts into youth employment and workforce settings.
• Youth Leadership Programs Leadership development initiatives including New ERA and P.O.W.E.R. Leaders programs that empower youth to become advocates for financial inclusion and economic equity.
• Wealth Equity Lab An initiative that develops and tests innovative approaches to youth financial inclusion, housing MyPath MyMoney and the Black Economic Equity Movement (BEEM) Guaranteed Income project.
• Black Economic Equity Movement (BEEM) A two-year Guaranteed Income project providing $500/month and optional Financial Mentoring to Black young adults, examining Guaranteed Income's impact on financial, mental, and physical health to inform equitable economic policies.

Quantifiable outcome

• 88% of participants report an increase in financial knowledge and confidence
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

18 partnerships are on record, tiered core, supporting and flagship.

• San Francisco Treasurer's Office and Office of Financial EmpowermentcoreStrategic or Co-development PartnerLongtime partnership to develop the Youth Banking Report (2025), providing guidance for localities and financial institutions on supporting youth financial inclusion through noncustodial accounts meeting MyPath's Youth Banking Standards.
• YouthBuild USAcoreStrategic or Co-development PartnerMulti-year collaboration (2018-2022) to integrate MyPath's financial capability models into YouthBuild youth employment programs across the country, documented in a 2023 report illuminating best practices.
• Vernon Loke of Eastern Washington UniversitysupportingStrategic or Co-development PartnerAcademic research partner who co-authored the Boosting the Power of Youth Paychecks study published by the Federal Reserve Bank of San Francisco on MyPath Savings model outcomes.
• Federal Reserve Bank of San FranciscoflagshipStrategic or Co-development PartnerKey research partner that published multiple studies on MyPath models including the first experimental design study on youth financial capability, the Savings Working Paper (2013), and co-authored research with Eastern Washington University.
• County of Santa ClaracoreStrategic or Co-development PartnerPartnered with MyPath for the nation's first Guaranteed Income Pilot serving transition age foster youth, combining guaranteed income with MyPath's Financial Mentoring model.
• Excite Credit UnionsupportingChannel Partner/ Reseller/ DistributorFinancial institution partner in the Guaranteed Income Plus Financial Mentoring Pilot providing youth-friendly credit products and services.
• Community Financial ResourcessupportingChannel Partner/ Reseller/ DistributorPartner organization providing financial resources and services as part of the Guaranteed Income pilot study.
• Self-Help Federal Credit UnionsupportingChannel Partner/ Reseller/ DistributorFinancial institution partner offering youth-friendly credit products as part of MyPath Credit program implementation.
• Center for Financial Services InnovationsupportingStrategic or Co-development PartnerPartnered on financial capability integration into workforce settings and co-authored publications highlighting credit products and coaching for low-income youth.
• National Federation of Community Development Credit UnionssupportingStrategic or Co-development PartnerPartner on the Partnerships for Financial Capability Brief and youth financial inclusion initiatives.
• InclusivsupportingStrategic or Co-development PartnerCollaborated on the Financial Capability and Asset Building with a Racial- and Gender-Equity Lens publication recommending equity-focused strategies.
• Change MachinesupportingStrategic or Co-development PartnerPartner in equity-focused financial capability work and publications.
• Center for Social Development at Washington UniversitysupportingStrategic or Co-development PartnerAcademic research partner co-authoring the Increasing Youth Financial Capability journal publication and evaluation work.
• Oklahoma Native Assets CoalitionsupportingStrategic or Co-development PartnerPartner in implementing racial- and gender-equity lens strategies for financial capability work.
• Consumer Financial Protection BureauflagshipStrategic or Co-development PartnerFeatured MyPath Savings in national paper on best practices for integrating financial capability into youth workforce settings (2014).
• Cities for Financial Empowerment FundsupportingStrategic or Co-development PartnerPartner on financial counseling professionalization conference where MyPath Credit model was highlighted.
• Asset Funders NetworksupportingStrategic or Co-development PartnerCo-published The Power of Credit Building paper featuring MyPath Credit as the only youth-serving program in the U.S.
• Credit Builders AlliancesupportingStrategic or Co-development PartnerCo-published The Power of Credit Building paper highlighting MyPath Credit innovation.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Operation HOPE: Operation HOPE is a national nonprofit focused on financial literacy, credit building, and economic empowerment for underserved communities, including youth. Like MyPath, it partners with financial institutions and government agencies to deliver financial capability programming.
• Cities for Financial Empowerment Fund: The CFE Fund works directly with municipal governments to embed financial empowerment strategies, including youth-focused banking access. MyPath has partnered with the CFE Fund on financial counseling professionalization, and both organizations target similar city-level implementation channels.
• Financial Clinic: The Financial Clinic delivers financial coaching and counseling to low-income communities and is a co-author of the nLIFT manifesto with MyPath. Its direct-service model for low-income households closely mirrors MyPath's coaching and credit-building approach.
• EARN: EARN provides financial services, savings programs, and tax-time tools to low-income families and is also a co-signer of the nLIFT manifesto. Its savings and asset-building programs for working families directly parallel MyPath's offerings for youth earning first income.
• Mission Asset Fund: Mission Asset Fund operates lending circles and financial inclusion programs for immigrant and low-income communities. It is a fellow nLIFT signatory and shares MyPath's focus on credit-building for populations traditionally excluded from mainstream finance.
• Commonwealth: Commonwealth builds financial security pathways for working families and is a co-author of the nLIFT manifesto with MyPath. Its research and field-building on financial security closely overlaps MyPath's youth-focused agenda.
• Credit Builders Alliance: Credit Builders Alliance works to expand credit building for low-income consumers through partnerships with financial institutions. MyPath co-published 'The Power of Credit Building' with CBA, and both organizations focus on credit-building product design for underbanked populations.

Broad incumbents

• Junior Achievement USA: Junior Achievement is the largest U.S. nonprofit delivering youth financial literacy, work readiness, and entrepreneurship education. While broader in scope than MyPath, JA operates in the same youth financial capability category and competes for school and foundation partnerships.
• Prosperity Now: Prosperity Now is a national nonprofit advancing economic opportunity and asset-building for low-income households. Its policy and field-building work overlaps with MyPath's systems-change and advocacy agenda, particularly on youth and family financial inclusion.
• National Endowment for Financial Education (NEFE): NEFE is a national nonprofit focused on financial education research, resources, and policy. While it operates more as a research/backbone organization, its youth and underserved-communities initiatives intersect with MyPath's programmatic work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MyPathUS

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MyPath