Totem is a digital banking provider focused on financial inclusion for Indigenous people, developed and sponsored by Native Americans. The firm aims to decolonize banking by breaking down systemic barriers and outdated policies that have historically excluded Native communities from modern financial systems. Totem encourages users to sign up with their tribal affiliation, fostering resource growth within the community and sharing a portion of its revenue with partner tribes.
Totem offers unique value-add services, including searchable access to information on tribal benefits and programs, promoting financial literacy and resource management. The platform emphasizes community growth and financial empowerment, aligning with its philosophy of "Money as Medicine." By integrating cultural values into its services, Totem provides a tailored banking experience that supports the economic development of Indigenous communities.
Classification
Also Known As
TOTEM Technologies, Inc.
NAICS
52Finance and InsuranceEdition: 2022
SIC
60Depository InstitutionsEdition: 1987
Industry
Financial Services Companies
Banks
Show 4 more industry codes
NAICS
522Credit Intermediation and Related ActivitiesEdition: 2022
5221Depository Credit IntermediationEdition: 2022
522110Commercial BankingEdition: 2022
SIC
6020Commercial Banks
Totem
Totem: A Native American-sponsored digital banking provider promoting financial inclusion.