The 2021 Exchange Challenge is focused on nonprofit-fintech partnerships that can advance the financial health of justice-involved individuals and families navigating fines, arrests, detainment, and/or incarceration. The selection process is underway and grantees will be announced later this year. Check back for updates.
For the 2021 Exchange Challenge, grants will be awarded to support emerging and existing partnership solutions that address the financial health challenges faced by justice-involved individuals and their families, including:
While policy solutions are critical to reform our criminal justice system, we know that the nonprofit and fintech sectors can play a role in better serving those impacted by the system. We’ve seen the innovation already occurring across the country, and we want to support and lift up that work. The time is right for innovation that can advance the financial health of justice-involved individuals, their families, and their communities. Read our blog “Opportunities for FinHealth Innovation and Impact in Criminal Justice” for more details on the need for innovative solutions to the challenges justice involved families face.
We are looking for emerging or existing partnerships between fintechs and nonprofits, including nonprofit Community Development Financial Institutions, who are interested in piloting or prototyping solutions, product designs, or program enhancements that will allow them to better serve justice-involved individuals and their families. We welcome applications from emerging or existing nonprofit-fintech partnerships working on:
For more information on the types of partnerships we are seeking, view our 2020 Exchange Challenge grant recipients and read our full application criteria.Read the Application Criteria
April 1, 2021: Applications open
May 13, 2021: Fastpitch Event
Deadline Extended – July 7, 2021: Applications due
July – September 2021: Selection period
October 2021 – June 2022: Grant program runs
Interested in becoming a participant in the Exchange? Fill out the request form below and we’ll follow up shortly. Inclusion in the Exchange comes at no cost or obligation.
Questions about the Exchange? Send us an email >>