fbpx
Connect with us

Executive Voice

Providing All Needed Services In One Virtual Location, A. Donahue Baker Created Money Avenue For People Who Want To Build Generational Wealth

Today, many things have moved over to a digital version to make them more accessible to a wider audience. The power of the internet, phone, and apps makes everything available to the users’ disposal. This is what A. Donahue Baker has done as well with his online banking and wealth building services.

“We are a digital bank. We offer banking that is faster, cheaper, and better than traditional banks.  For example you can get a quick personal loan up to $10k that can be made in as little as 3 hours.  And we don’t nickel and dime you with fees. Money Avenue will be offering digital banking services that include high interest savings and checking accounts, residential and business lending, and insurance products with the aim of creating more entrepreneurs and helping everyday people to build long term wealth,” A. Donahue explains.

Offering more than just traditional banking, Money Avenue is about building generational wealth and teaching people how to invest who normally would not get the tips and tricks that are widely available to those who have money.

“We are currently the 9th fastest growing fintech in the country. Money Ave is one of the first banks to offer wealth-building services in a way that helps to create more entrepreneurs and real estate developers. We don’t just offer banking services of a savings and checking account or lending services for residential and commercial loans.  We give you access to capital when others don’t. We get each LLC you have at least $50k in credit.  We joint venture and invest in businesses and real estate deals when other banks won’t. We provide a path,” A. Donahue states.

A.Donahue wanted to make a difference in numerous communities that are currently being hit hard by the pandemic. In many of these places, banks are closing branches, which makes accessing money difficult in already troubling times. He wanted to give back and ensure that people had a chance to do what they needed to do to build wealth.

“There are many underserved communities that need banking services. As COVID set in, many brick and mortar banks began closing branches. The national banks are closing branches that are needed in key communities. We want to offer people an alternative solution to their banking needs. Being a CPA for over a decade and realizing that having access to capital is one of the key tools to creating generational wealth I felt the need to help make a difference for my community,” A. Donahue says.

Though A. Donahue has had some stiff competition in getting his business up and running, he has been able to surpass others in the same business. This is because, as A. Donahue explains, his business is the only one that is able to offer all kinds of financial services in one single virtual location.

“No one is offering the full range of services we offer all in one spot.  High Interest savings and checking, fast personal and business loans, residential and commercial real estate lending, Insurance products, and business credit and consulting services,” A. Donahue states.

In the coming months, A. Donahue has a lot planned to keep his business going even during these uncertain times. They plan on creating more partnerships and expanding their reach in order to help more and more people.

“Our biggest projects are offering banking services that create more businesses and real estate development in our communities. Along with our partners we are investing $500 million in minority projects this year,” A. Donahue comments.

A.Donahue’s advice for those looking to start their own business is to create a business that can expand with the assistance of technology as he has done with his own company.

“Plan to create a business that can scale rapidly with the aid of technology.  Then set up structures that allow you to prove the concept of your business without jeopardizing your personal credit and security of your family.  Use the business credit structure to take business risk so you can think more like an entrepreneur in your daily life,” A. Donahue advises.

To find out more about A. Donahue, you can follow him on instagram here.

New Videos

Top 3 NFTs

Mindset

Most Disruptive

Recent Stories

Trending


Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.


Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.