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Timberwolves, Lynx partner with investment app to decrease racial wealth gap in Twin Cities

The Minnesota Timberwolves and Minnesota Lynx are striving to keep addressing racial inequities in the Twin Cities with a new partnership focused on financial wellness.

On Wednesday, the two professional basketball franchises announced a multi-year partnership with Boston-based financial services technology company Stackwell to host financial literacy events and introduce people to the company's digital stock portfolio app, designed specifically to close the wealth gap for Black Americans.

The teams will provide a vehicle to promote the Stackwell brand during games and will use their practice facility at Mayo Clinic Square to host events in collaboration with employers, social justice organizations and community groups.