Evan Speigel, co-founder and CEO of Snap, Inc., the company that owns Snapchat, along with his wife, Australian model Miranda Kerr, have just announced a partnership to relieve $550 million in medical debt for an estimated 261,000 Californians.
The couple announced on Thursday morning that they have partnered with nonprofit Undue Medical Debt to provide relief to families struggling with medical debt and rising healthcare costs.
Undue Medical Debt is a nonprofit that buys debt “in bulk,” meaning that for every $10 donated to the organization, $1,000 of medical debt is relieved for families in need. In total, the organization has relieved over $40 billion in debt in all 50 states.
And it’s simple — those offered debt relief…