Daylight is the first and only banking platform solution targeting the unique financial needs of the Gen Z LGBTQ community.
Currently, Daylight focuses on debit accounts, but according to Simmons, there are plans for expanding into offering other financial products.1. They are specifically helping the LGBTQ+ community
There are community features on the banking app where you can connect with the community, share your financial goals into the feed and have other members cheer you on, share advice, and connect with you.There are high costs of being LGBTQ+, such as gender transition costs and family planning. Daylight offers advice and support to help you with your financial goals and plan your savings.
Simmons' advice to her community when it comes to finances is to start planning, saving, and preparing for unique queer issues."LGBTQ+ baby boomers didn't expect to live a long and healthy life because they grew up in HIV/AIDS era and didn't do a lot of financial planning. Gen Z has resources available to tackle financial hurdles, but it's important to start planning now.
The bottom line is financial planning is vital to financial security and success in your life. Having a community of like-minded people around you to build goals with and share your progress with them can be very motivating and help you stay on track to achieving those financial goals.
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