The 2020 Challenge focused on addressing the financial health of workers and students – who faced even greater financial hardship in the wake of the coronavirus pandemic.
Workers and students of the future face challenging trends that may jeopardize their financial health. Rapid technology changes are requiring workers to train and reskill for career advancement, yet costs of education and training programs are rising steadily. The gig economy is growing rapidly, but offers inconsistent income and is an insufficient replacement for traditional jobs.
There is a need for fintech products, services, and partnerships that help people prepare for the economies of the future by addressing the barriers to affordable training, education, and opportunity.
Even before the economic challenges of the coronavirus pandemic, the financial health of millions of workers and students across the country was already precarious. To help these groups at their most financially vulnerable, the 2020 Accelerator Challenge identified and developed fintech solutions to advance the financial health of workers and students during the crisis and beyond.
The sixth cohort identified companies with innovative fintech solutions to improve the financial health of workers and students developing in-demand skills to prepare themselves for the future of work.Explore the Cohort