# Wole Coaxum

> Wole Coaxum is a financial-services entrepreneur who founded MoCaFi and led it through its 2026 wind-down. Previously an executive at JPMorgan Chase, Willis and Citigroup, he built MoCaFi around financial access for underserved US communities. As of September 2026, he is founder and CEO of On Our Block and has rejoined Selective Insurance Group’s board.

- **Role:** Founder and CEO at On Our Block; independent director at Selective Insurance Group
- **Organizations:** On Our Block, MoCaFi (Mobility Capital Finance, Inc.), Selective Insurance Group, JPMorgan Chase, Willis Group, Citigroup, Roosevelt Institute, Phillips Exeter Academy
- **Education:** BA, History, Williams College, MBA, Finance, NYU Stern School of Business, Studied Politics, Philosophy and Economics; degree not specified, Exeter College, University of Oxford, Phillips Exeter Academy
- **Known for:** Founded MoCaFi to expand financial access for underserved communities., Led MoCaFi’s development of institutional disbursement and mobile banking services., Recognized by NYU in its Alumni Changemaker program.

## Career timeline

- **1992-2002** — Worked at Citigroup during the first decade of his career.
- **2002-2007** — Held senior Willis roles, including CFO and COO of Willis North America and CEO of Willis Canada.
- **2007-2015** — Joined JPMorgan Chase and held leadership roles in business banking, card services and treasury.
- **2014** — The killing of Michael Brown and events in Ferguson prompted him to reconsider how his skills could support economic opportunity.
- **2015** — Founded Mobility Capital Finance, known as MoCaFi; some profiles date the platform’s launch to 2016.
- **2020-2025** — Served as an independent director at Selective Insurance Group.
- **2023** — MoCaFi announced a $23.5 million Series B led by Commerce Ventures.
- **2026-03** — Announced MoCaFi’s Chapter 7 bankruptcy and liquidation following loss of a major revenue program; bankruptcy filing dated March 13.
- **2026-09** — Identified as founder and CEO of On Our Block; reappointed to Selective’s board effective September 16.

## Achievements

- Founded MoCaFi to expand financial access for underserved communities.
- Led MoCaFi’s development of institutional disbursement and mobile banking services.
- Recognized by NYU in its Alumni Changemaker program.
- Recipient of the Harlem YMCA Black Achievers in Industry Award.
- Returned to Selective Insurance Group’s board in September 2026.

## Latest updates

- **2026-09** — Rejoined Selective Insurance Group’s board on September 16 and was identified in its announcement as founder and CEO of On Our Block.
- **2026-03** — Announced that MoCaFi had filed for Chapter 7 and begun liquidation after losing a major program central to revenue.

## Links

- LinkedIn: https://www.linkedin.com/in/wolecoaxum
- Twitter/X: https://x.com/wcoaxum
- Facebook: https://www.facebook.com/wole.coaxum

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Profile page: https://yespress.io/wole-coaxum
Published by YesPress — https://yespress.io
Last updated: 2026-10-26