Canary

Canary partners with employers to ensure that in times of financial need, their employees can access emergency aid swiftly and with dignity.

About

Canary is contributing to the evolution of the 21st century social safety net to ensure that individuals can access emergency funding in times of financial need.

Challenge

Millions of working Americans experience financial crises each year, which often have long-lasting effects both at home and at work. Colleagues, friends, and employers often want to step in and help in these moments, but raising and distributing emergency funds efficiently and fairly across a community is compliance-heavy, administratively complicated, and expensive.

Solution

With Canary’s Grant Circle software, employers and their employees can contribute to funds that provide colleagues emergency support efficiently, quickly, and with dignity. A user-friendly, mobile-optimized online experience and streamlined application allow qualifying employees to receive funds in a timely manner.

Financial Health Focus

Canary is dedicated to obtaining data-driven insights to improve impact for both grant recipients and sponsoring organizations. Canary includes financial health questions as part of onboarding, surveys applicants several times after a decision on their grant is made, and conducts qualitative interviews to obtain deeper insights into impact and applicant experiences.

What They Do

Provide proprietary software that enables organizations to deliver tax-advantaged emergency relief funds to workers in crisis

Fintech Focus

Payments

Team Members

Rachel Schneider
Rachel Schneider
CEO and Founder

Year

2022

Location

New York, NY

Status

Active

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