PSG completed the investment in OfColor.

PSG, a private equity firm, completed the investment in OfColor, a SaaS provider focused on the financial health of employees of color. Financial terms were not disclosed. “The fact that America is such a wealthy country and tolerates the current racial wealth gap is disheartening. But while the current state is dire, we believe it is fixable. I view the workplace as an ideal distribution center for these solutions, and the good news is that there’s a solid contingent of visionary corporate leaders who are dedicated to enabling their employees of color to build financial legacies. Together, we are changing the status quo. We’re thrilled to have the support of PSG and their network of experienced entrepreneurs at our side as we work to move the corporate conversation away from of-the-moment equality — to one about equity, where we recognize the role of race in American wealth creation,” Yemi Rose, OfColor Founder and CEO.