We are excited to announce the eight organizations just named to the 2017 class of the Financial Solutions Lab (FinLab) at the Financial Health Network with founding partner JPMorgan Chase & Co.
These organizations represent the most promising group of early-stage financial technology innovators that are improving Americans’ financial health.
The Financial Solutions Lab winners were announced in front of more than 800 financial services professionals on June 15, 2016 in Austin at the Financial Health Network’s EMERGE Conference. Winners were selected from over 350 applicants from across the country by a panel of five industry leaders.
Each winner will receive $250,000 in capital, in addition to:
- Industry expertise from Financial Health Network and JPMorgan Chase.
- Access to a network of financial services leaders, including banks and credit unions, fintech providers, investors, nonprofits, consumer advocates, regulators, and others.
- Professional services assistance from industry leaders, including IDEO.org, ideas42, Paul Hastings, Promontory Financial Group, Bryan Cave, First Annapolis, Amazon Web Services, FinTech Sandbox, BPM, Google Play, CMO.LA and others.
- Peer-learning opportunities from the best fintech startups in America.
Our 2017 Class
EverSafe monitors bank and investment accounts, credit cards, and credit reports. EverSafe is on guard 24/7 — alerting consumers to any sign of irregular activity. EverSafe is easy to use and delivers unmatched protection for aging Americans and their families.
Tomorrow’s first product is aimed at providing long-term financial security to busy millennials and working families.
Blueprint Income is creating the future pension – a simple, pre-determined income stream backed by insurance companies. The concept (known in the industry as an “income annuity”) isn’t new — but Blueprint Income is making it easy for anyone, regardless of employer, age, or wealth, to head into retirement with guaranteed, lifelong income.
Nova Credit has built the world’s first cross-border credit reporting agency by building data partnerships across the globe. Nova Credit’s Credit Passport accompanies immigrants on all their moves, so they need never start building credit from scratch again.
Point is an alternative to traditional home equity loans and home equity lines of credit. Point buys into a fraction of a customer’s property for a share of a home’s future appreciation. There are no monthly payments; there is no interest rate; a consumer can buy Point out or sell the home at any time.
Dave alerts consumers ahead of an upcoming overdraft and can instantly advance up to $75 at 0% interest to prevent overdraft fees. They ask consumers who they’ve helped for an optional tip.
Grove delivers personalized financial advice that is accessible and affordable. Their technology efficiently creates and delivers online financial plans. Planning is not just about number crunching, their team of advisors connects with each client to better understand and address his or her concerns and goals. By pairing technology with advisors, they put a comprehensive financial plan within reach for everyone.
Token Transit is a mobile app to pay for public transportation. The company sells its platform to public transit agencies around the world and lets them distribute their transit passes through our app. Riders are able to pay using a credit, debit, or prepaid debit card. They also partner with the employer, university, and other pass programs to distribute free or subsidized passes to qualifying riders.
Over the coming months we will be sharing more about the winning solutions and what the organizations are learning from participating in the Financial Solutions Lab. Stay tuned for the upcoming report featuring innovative fintech trends from the Financial Solutions Lab applications.