I'm a former JP Morgan exec who now works to distribute basic income payments to those in need. Here's why I do it.

• Wole Coaxum is the CEO of MoCaFi, which has distributed over $52 million in basic income payments.
• Coaxum, a former JP Morgan exec, was inspired by social justice movements in the Black community.
• He wanted to create a pathway for economic equality to uplift vulnerable populations.

This is an As Told To essay based on a conversation with Wole Coaxum, the founder and CEO of MoCaFi, a B Corporation that has distributed over $52 million worth of guaranteed basic income payments nationwide. It has been edited for length and clarity.