Lendistry Signs the Equity in Infrastructure Pledge as First Financial Institution

Lendistry, a notable fintech company, has officially become the first financial institution to sign the Equity in Infrastructure Pledge, emphasizing its commitment to enabling access to capital for historically underutilized small businesses aiming at infrastructure contracts. This move aligns with the broader efforts by the Equity in Infrastructure Project (EIP) to enhance public infrastructure contracting practices, thereby expanding opportunities for Historically Underutilized Businesses (HUBs) and narrowing the racial wealth gap through improved access to prime, joint venture, and equity contracting opportunities.

EIP's coalition now boasts participation from 59 CEOs across various sectors, including transit authorities and financial firms, with the White House urging Bipartisan Infrastructure Law grantees to participate. Lendistry's CEO, Everett K. Sands, expressed pride in signing the pledge and called upon other financial institutions to join the initiative to transform the lending ecosystem positively. EIP co-chairs highlighted the coalition's goal to foster a more equitable system that augments competition and delivers greater value from infrastructure investments to public agencies and the communities they serve.

Lendistry’s unique position as a minority-led fintech that offers innovative lending products nationwide underscores its capacity to bring valuable insights and support to the EIP’s mission. This strategic partnership aims at both empowering undercapitalized communities and fostering systemic changes that promise more inclusive growth and access to opportunities in the infrastructure sector.