GMPW
Industry:
Banking

DESCRIPTION

GiveMePower (GMPW) is an early-stage holding company based in Torrance, California, with a stated mission to provide financial services and real estate resources to Black communities in the U.S. GMPW currently generates no meaningful revenue. Its sole active subsidiary, Community Economic Development Capital (CEDC), is a specialty real estate holding company focused on multifamily, affordable housing, and opportunity zone properties, though GMPW holds no available-for-sale properties and has paused real estate acquisitions since January 2022. CEDC also trades equities and securities using what GMPW describes as proprietary models. GMPW's stated ambition is to become a fintech company — branded "BlackBank" — combining a federally licensed community bank, an AI/ML-driven lending platform targeting borrowers underserved by traditional credit systems, and a blockchain-based payments network called "Blackchain." None of these businesses exist today. GMPW has not acquired a bank, built any technology, or identified specific acquisition targets. The entire strategy is contingent on raising external capital that has not yet been secured. The company has one full-time employee — the CEO/CFO — and three unpaid part-time staff, and management has no prior experience running a bank, fintech, or digital currency business.

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