During the Great Depression in the United States, the uncertainty around the economy caused people to stop spending money. This slowdown in the circulation of money caused a cascade of shutdowns: businesses saw a drop in income and could not pay their staff or their loans, owners and employees could not pay their mortgages, banks foreclosed on mortgages, and millions became homeless, living in shanty towns called "Hoovervilles."
It is essential that circulation of money is not cut off. We have therefore created a platform to help the money keep flowing.
Anyone can buy vouchers today to support their local companies, which in turn means the business can pay their staff, who in turn can keep paying their mortgages and buying what they need, despite being isolated at home and unable to work. We are all doing our bit to slow the spread of the virus - and now there is an opportunity to keep businesses afloat. We can be there for them today so they can be there for us tomorrow.
We are a team of passionate and skilled people. Project Lead Miguel Morin has studied and worked in the world's top universities, with a BSc Computer Science from Ecole Polytechnique (Paris), a PhD in economics on the Great Depression from Columbia University (New York), a post-doc in Economics at the University of Cambridge (UK), and a post-doc in artificial intelligence at The Alan Turing Institute.Meet the whole team