Now in its seventh year, the Financial Solutions Lab Accelerator has supported more than 40 organizations focused on solutions to improve the financial health of low- to moderate-income individuals and historically underserved communities.
The 2021 Accelerator Challenge – Financial Resilience and Growth – will focus on fintech solutions that help low- to moderate-income individuals and historically underserved communities in the U.S. build resilience to navigate systemic financial health issues, many of which have been exacerbated by the coronavirus pandemic.
The 2020 Accelerator Challenge focused on solutions to improve the financial lives of workers and students, millions of whom faced even greater financial hardship in the wake of the coronavirus pandemic.Explore the Challenge
Nearly half of all U.S. workers report being financially stressed. To address this, the 2019 Accelerator Challenge focused on innovative fintech solutions that employers could offer to reduce the financial burdens that workers face.
Given the range of people in America who struggle with financial health, the 2018 Accelerator Challenge focused on developing fintech products that could improve financial health in the U.S., scale to millions of users, and resonate with diverse populations.Explore the Challenge
The 2017 Accelerator Challenge reflected a growing recognition of the need to improve financial health for all Americans. Using innovative solutions from a variety of sources, cohort companies focused on solving problems that were once considered too hard, and for customers that many thought were too difficult to reach.
Unexpected expenses can wreak havoc on a household’s finances, often causing long-term damage. In response, the 2016 Accelerator Challenge focused on developing innovative products and services to help consumers weather the financial shocks that we all experience in life.Explore the Challenge
Millions of Americans face cash flow challenges that make it hard to pay expenses on time. The 2015 Accelerator Challenge focused on developing new products to help consumers save, plan their financial lives, and access affordable credit to better manage spikes and dips in their incomes and expenses.