INCLUSIVE GROWTH 2 Business Model Innovations NextStep NextStep, a portfolio company of an Imprint-funded manager, is a healthcare innovation company that is addressing the dramatic shortage of frontline caregivers, focusing on nursing assistants. NextStep is creating opportunities for low-wage workers and those whose jobs have been displaced by AI or automation to receive technology-enabled training, along with individualized job placement and mentorship services, enabling workers to start a productive career while addressing the biggest business challenge facing long term care providers. Brigit Brigit, a portfolio company of an Imprint-funded manager, is a leading holistic 昀椀nancial health application for millions of underserved Americans that provides its members with budgeting tools, access to early paycheck advances, a credit building and savings product, and opportunities to earn additional income. The company’s business model doesn’t rely on the continuous use of its advances or borrowing in ever larger amounts — instead, Brigit bene昀椀ts when its members are better able to manage their earnings and expenses and use advances with less frequency. Through its cash 昀氀ow based engine, which analyzes billions of transactions in real time, Brigit is able to underwrite users without relying on traditional credit scores, while remaining focused on low loss rates. This innovative, machine learning platform also provides personalized 昀椀nancial recommendations and insights to help them improve their 昀椀nances. Since its launch only three years ago, Brigit has distributed $1 billion in advances, helping more than 3 million users reduce their 昀椀nancial stress, and saving them over $360 million in predatory fees. Cityblock Health To support a shift toward more inclusive healthcare systems, Medicare bene昀椀ciaries, some of the most vulnerable and Imprint participated in the $160 million Series C funding underserved populations in the country. The organization round of Cityblock Health. The healthcare provider’s provides members with primary care, behavioral health community- and value-based care model aims to bring services, and services to address the social determinants of necessary transformation to Medicaid and lower-income health, both virtually and in person. Sustainability Report 2021 Inclusive Growth | De昀椀ning and Executing on Our Strategy 67
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