New Initiative to Break Down Barriers to Sport
Participation and Financial Literacy in Underserved Communities
CHICAGO, Aug. 11,
2022 /PRNewswire/ -- TeamSnap, the leading
provider of team management software and online community for
everything youth sports, today announced its partnership with
Goalsetter, an award-winning and groundbreaking fintech platform
dedicated to providing families and K-12 youth with access to
banking, savings, investing, and financial education
tools.
This strategic alliance between TeamSnap and Goalsetter will
help drive the TeamSnap Impact mission, making it possible for
youth in underserved communities to have equal access to quality
sports programs, so all kids can reap the benefits that sports
participation and physical activity bring. To maximize the power of
this partnership, TeamSnap and Goalsetter will jointly use the
revenue generated from family sign-ups toward TeamSnap Impact
efforts, supporting community partners nationwide.
TeamSnap Impact and Goalsetter are committed to working together
to help youth teams and sports programs build stronger communities
and brighter futures through an increased participation in sports
and focus on both physical and financial well-being. To download
the Goalsetter app and support TeamSnap Impact efforts, visit the
Apple App Store or Google Play
Store and use referral code: TEAMSNAP.
"Our mission with TeamSnap Impact is to increase access to
quality sports programs, which we know is strongly tied to improved
goal-setting among youth. Together with Goalsetter, we're committed
to driving the connection between improved goal-setting from youth
sports participation and setting goals for financial success. I'm
confident that together we'll be able to positively impact the
trajectory of the next generation. That's how we all win," said
Greg Ludke, VP of Corporate
Strategy & Development for TeamSnap.
To make the most impact in leveling the playing field, TeamSnap
Impact has centered its initiatives around policy formulation,
direct funding and technology grants. They are focused on improving
access to quality sports programs—regardless of race, gender,
religion or socio-economic status—so all young athletes can
experience sport at all stages of life. TeamSnap and Goalsetter are
aligned on addressing the number of challenges facing today's
youth, especially in underserved communities.
"The work we are doing with TeamSnap is a critical part of
achieving our mission at Goalsetter because we understand that to
effectively address disparities and change the economic trajectory
of our communities requires taking a holistic approach that ensures
their physical, mental, emotional and financial well-being," said
Tanya Van Court, founder and CEO
of Goalsetter. "Together, TeamSnap and Goalsetter are working
to help our youth establish the healthy behaviors we know will
serve them and their own children for generations to come by
putting them on the path to wellness, both physically and
financially."
Led by studies which indicate that kids who have a savings
account are six times more likely to go to college and four times
more likely to own stocks by the age of 25, Goalsetter empowers
K-12 students and their families by helping them build confidence
in their financial decisions. Its financial education offering uses
relatable GIFs, memes, quizzes and gamification to teach kids and
teens the language of money.
In addition to offering effective and engaging financial
education, Goalsetter is the only platform to also provide access
to savings accounts, debit cards and investment accounts with
groundbreaking and industry-leading features. For example, "Learn
to Earn" lets kids earn money for every financial quiz
question they get right, and "Learn Before You Burn" lets
parents automatically freeze their child's debit cards if they
haven't taken their financial literacy quizzes for the week.
Additionally, the Goalsetter Invest feature teaches kids how to
invest on a dollar equivalent basis while learning the terminology
of the stock market.
"Waud Capital Partners is excited about the TeamSnap and
Goalsetter partnership and its potential to change the lives of
youth in underrepresented communities. At WCP, we strongly believe
in educating young, underrepresented populations on financial
literacy and responsibility, and we are thrilled that our portfolio
is making an impact in this space as well, hopefully improving the
lives of families for generations to come," said Justin DuPere, partner at Waud Capital
Partners, private equity partner of TeamSnap.
Participation in youth sports aids children in the development
and improvement of cognitive skills, according to a study that
tracked kids from kindergarten through fourth grade (Piche, 2014).
Additionally, physical activity in general is associated with
improved academic achievement, and can have a positive impact on
attitudes and academic behavior, including improved concentration,
attention, and improved classroom behavior (GAO, 2012). Other
positive effects include increased mental health, decreased risk of
obesity and improvements in goal setting skills.
To learn more about the partnership between TeamSnap and
Goalsetter, check out www.teamsnap.com/goalsetter.
About Goalsetter
Goalsetter is a mobile banking, debit card, and investing app
that focuses on educating the next generation with fun financial
quizzes based on pop culture, putting them on the path to financial
freedom. Goalsetter works with both teens wanting financial
independence, parents wanting to start saving with their kids, and
adults who want to jump-start their financial literacy.
About TeamSnap Impact
TeamSnap recently launched TeamSnap Impact, a program dedicated
to tackling the major problems facing youth sports, including
affordability, gender equality, access to quality coaching and
more. TeamSnap is dedicated to enacting positive change in youth
sports through the pillars of policy, technology grants, and direct
funding. For more information, visit the TeamSnap Impact website,
and follow the company on Facebook, Instagram, LinkedIn and
Twitter.
Media Contact for Goalsetter:
Sonia V. Diaz
Goalsetter
305.457.8404
sonia.diaz@goalsetter.co
Media Contact for TeamSnap:
Alex Shafer
JConnelly
973.934.5100
teamsnap@jconnelly.com
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SOURCE TeamSnap