LOS ANGELES, Sept. 15, 2020 /PRNewswire/ -- Sootchy, a mobile
and desktop college savings platform launching this fall, today
launches a sweepstakes that will give one winner $40,000 to use for college savings, K-12
education expenses or existing student loans.
"Nearly 70% of American families are worried about
paying for higher education due to the pandemic, and more than
half of college-bound students are changing their plans. Yet
education is the most effective way to change skyrocketing wealth
disparity," Sootchy founder David
Adefeso says.
An immigrant from Lagos,
Nigeria, Adefeso worked three jobs to self-fund his Harvard
MBA, yet still had significant loans to repay. His passion to make
college debt-free, especially for underserved students, inspired
him to develop Sootchy—an AI-powered digital platform to help
families maximize 529 plans to pay education costs from K-12 to
college.
To highlight his mission and the importance of diversity and
inclusion in tech, Adefeso formally announced the $40K sweepstakes and the upcoming launch of
Sootchy during TechCrunch Disrupt 2020. He sponsored the
inaugural Include Reception at the conference, the first Include
event as TechCrunch launches the program to promote diversity in
the tech world.
During the virtual Include Reception, Adefeso spoke to the
existing disparity in wealth, and lack of education funds, for
underserved communities, and led a roundtable discussion on
diversity in the tech industry.
With the Sootchy Sweepstakes, Adefeso hopes to make a lasting
and life-changing impact in one student's life. To
enter the Sootchy Sweepstakes, visit www.sootchy.com/sweepstakes.
Follow two simple steps to enter the Sweepstakes*:
- Sign up for the Sweepstakes by entering general contact
info.
- Refer friends to increase chances of winning. Each referral
earns another contest entry.
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*
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NO PURCHASE OR
PAYMENT OF MONEY IS NECESSARY TO ENTER OR WIN THIS SWEEPSTAKES. A
PURCHASE OR PAYMENT OF MONEY WILL NOT IMPROVE THE CHANCES OF
WINNING.
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The "Sootchy College Tuition
Giveaway" Sweepstakes (the
"Sweepstakes") is intended for legal
residents of the United States of
America ("USA") (excluding residents of Florida & New
York) and shall only be construed and evaluated according to
U.S. law and applicable state law. For additional Sweepstakes
rules, visit the website.
About Sootchy: Sootchy is a simple, user-friendly
fintech app that allows families to save money for their
children's education by opening 529 college savings
plans, within minutes, right through the app. With a
built-in, enhanced gifting platform that lets family and friends
contribute to children's 529 college savings plans and
maximize them further, it can be especially helpful in underserved
communities. Less than 30% of Americans know what a 529 plan
is, and only 13% use them because they have traditionally been
difficult to setup and manage, recent studies show.
Sootchy's five-minute set up and easy-access money
management tools simplify the process and make tech-enhanced
financial planning, the power of community and tax-efficient
incentives to combat student debt, now at a historic high of
almost $1.7 trillion, accessible to
all. Sootchy is a fully accredited and registered advisor with the
U.S. Securities and Exchange Commission (SEC) and the Financial
Industry Regulatory Authority (FINRA).
Learn more at Sootchy.com. Get social and follow
@sootchyapp on Instagram and Twitter,
facebook.com/sootchyapp and
linkedIn.com/company/sootchyinc.
Media Contact:
Tanner Culbertson
Purpose Brand
620-213-2448
tculbertson@purposebrand.com
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SOURCE Sootchy