Accelerator
Financial Solutions Lab

Accelerator

Launched in 2014, the Financial Solutions Lab Accelerator swiftly became one of the country’s top fintech accelerators focused on mission-driven organizations. The Accelerator supported entrepreneurs who were working to build and scale fintech solutions for individuals with low to moderate incomes, Black and Latine communities, and other underserved consumers.

While the Financial Solutions Lab concluded in 2022, the Financial Health Network continues to work with fintechs to cultivate solutions that improve financial lives. Reach out to learn how we can help you identify, test, and scale innovations that advance financial health.

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Impact

Over eight years, the Accelerator provided capital, assistance from industry leaders, and mentorship from experts to support more than 50 organizations.

$1.2 billion

in follow-on funding raised by FSL Accelerator companies

8

companies acquired

55

total investments

Meet the Companies

Explore the full Accelerator portfolio.

Accelerator Challenges

2022 Challenge

Financial Benefits and Tools

The 2022 Accelerator Challenge focused on helping low- to moderate-income (LMI) people and Black and Latinx communities access financial benefits and tools that can help them maintain key safety nets and improve their financial health.

Canary, FinEquity, Let’s Get Set, Pie for Providers, Stackwell, and Sunny Day Fund participated in this Challenge.

Financial Benefits and Tools

2022 Challenge Participants

Canary
finEQUITY
Let's Get Set
Stackwell
Sunny Day Fund

Financial Resilience and Growth
2021 Challenge

Financial Resilience and Growth

The 2021 Accelerator Challenge – Financial Resilience and Growth – focused 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 were exacerbated by the coronavirus pandemic.

Esusu, Everyday Life, Home Lending Pal, Leap Fund, Sigo Seguros, and Upsolve participated in this Challenge.

2021 Challenge Participants

Esusu
Everyday Life
Home Lending Pal
Leap Fund
Sigo Seguros
Upsolve

2020 Challenge

Worker and Student Financial Health

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.

Beam, Finli, and Summer participated in this Challenge.

Worker and Student Financial Health

2020 Challenge Participants

Beam
finli
Summer

Workplace Financial Health
2019 Challenge

Workplace Financial Health

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.

Brightside, HoneyBee, Manifest, and Onward participated in this Challenge.

2019 Challenge Participants


2018 Challenge

Consumer Financial Health in the U.S.

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.

Candidly, Goalsetter, Petal, and Alice participated in this Challenge.

Consumer Financial Health in the U.S.

2018 Challenge Participants

Candidly
Goalsetter

Improving Financial Health for the Underserved
2017 Challenge

Improving Financial Health for the Underserved

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.

Blueprint Income, EverSafe, Nova, Point, Token Transit, and Tomorrow participated in this Challenge.

2017 Challenge Participants

Blueprint Income
EverSafe
Nova
Token Transit
Tomorrow

2016 Challenge

Weathering Financial Shocks

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.

Albert, EarnUp, Everlance, SaverLife, and WiseBanyon participated in this Challenge.

Weathering Financial Shocks

2016 Challenge Participants

WiseBanyon

Solving Cash Flow Challenges
2015 Challenge

Solving Cash Flow Challenges

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.

Digit, Even, Neighborhood Trust Financial Partners, Prism, and Propel participated in this Challenge.

2015 Challenge Participants

Neighborhood Trust
Prism