Jay-Z Invests in Perch Credit App Aimed To Help Minorities Boost Credit Scores by Reporting Recurring Expenses

NEW YORK, NY - DECEMBER 12: Jay Z speaks onstage during the Sports Illustrated Sportsperson of the Year Ceremony 2016 at Barclays Center of Brooklyn on December 12, 2016 in New York City. (Photo by Slaven Vlasic/Getty Images for Sports Illustrated)

Jay-Z has invested in a new app called Perch. Perch is a credit building system.

Perch will join forces with credit unions to report recurring payments like rent and subscriptions like Netflix, Hulu and Spotify.

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