Pello Capital launch ‘Oratio Project’ to combat and reverse homelessness using innovative tech solutions
Pello Capital has announced the launch of the Oratio Project, an innovative tech-led charity campaign that aims to help combat and reverse homelessness in the UK ...
Pello Capital, the intelligent and transparent Fintech investment company, has announced the launch of the Oratio Project, an innovative tech-led charity campaign that aims to help combat and reverse homelessness in the UK. The unique initiative will offer homeless individuals access to contactless NFC cards to raise donations and spend vouchers at accredited Oratio vendors plus a digital PO box temporary address in shelters to help them apply for ID and traditional banking solutions.
The project aims to address some of the fundamental problems caused by being homeless in the UK and help and empower individuals to take control of their future by giving them access to some of the core requirements to break the cycle of homelessness. Having access to a contactless solution and a temporary address will help individuals to collect donations, gain ID, source a bank account and potentially start applying for job opportunities. More than 11,000 people sleep on the streets of London every year and Oratio is committed to deploying 10,000 Oratio cards throughout the duration of the programme with a pilot scheme launching in Q2 2022.
Pello Capital started as an ideal. In an industry focused more on profit margins than community the founders felt lost. There was no brand that championed consumer outcomes and engagement whilst offering the efficiency and experience of a tech company with the warmth and service of a traditional brokerage. With this goal at the foundation of the business, Pello Capital was launched in 2017.
The launch of the Oratio Project is just one of the many initiatives the leading investment firm is planning to support in 2022. The firm has recently worked with Goodbox, the one-stop shop for digital fundraising, on a number of fundraising campaigns supporting UN Women and The Felix Project and is planning multiple projects throughout the year to assist raising vital funds for charities and support communities across the UK.
Daniel Gee, MD at Pello Capital, commented, “Along with intelligent and transparent investment solutions, community is at the core of Pello Capital and I am so proud and delighted to be able to announce the Oratio Project. The team has worked hard on offering a solution that we believe can truly help reverse homelessness in the UK.
Our creative and leading tech solutions have always been an integral part of the business and it was, therefore, a natural fit for us to source unique tech offerings to find a way to help fix the barriers and issues homeless individuals face in the UK.”
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