The Nonprofit-Fintech Exchange grant program is currently underway. Check back for updates and learn more about our area of focus below.
The Nonprofit-Fintech Exchange is founded on the belief that the complementary strengths of fintechs and nonprofit organizations can be combined to create powerful solutions. This year, the Exchange is aligning with the Financial Solutions Lab’s 2020 Worker and Student Financial Health Challenge by providing grants that support new partnership solutions to address financial health challenges workers and students experience. Challenges faced by workers and students that jeopardize financial health include:
Workers and students need fintech products, services, and partnerships that prepare them for the economies of the future by addressing the barriers to affordable training, education, and opportunity.
Practically overnight, millions of workers and students were presented with new challenges to their financial health after the coronavirus pandemic and economic crisis closed college campuses, shut down workplaces, disrupted income, and more. To help those most vulnerable, the Nonprofit-Fintech Exchange is exploring partnerships and solutions that are helping workers and students navigate the current situation in addition to those addressing the existing needs of students and workers.
Through this Challenge, we aim to identify and advance partnerships between nonprofits and fintechs who are piloting or prototyping new solutions, product designs, or program enhancements. This Challenge will focus on applicants that are improving the financial health of low- to moderate-income and underserved communities – especially focused on workers and students as they navigate the current COVID-19 situation.
Read the full Application Criteria for more information.Read the Application Criteria
Each grant recipient will receive:
April – June 2020: Applications open
June 30, 2020: Applications due
June – August 2020: Selection period
September 2020 – May 2021: Grant program runs