
Launched in 2023, the Discover Financial Health Improvement Fund is fueling the next generation of financial health solutions for consumers living on low to moderate incomes (LMI) and small businesses, particularly those in the Mid-Atlantic region of the U.S.
Led by Discover and Capital One, in collaboration with the Financial Health Network, ResilienceVC, and Chartline Capital, the $36 million initiative supports promising early-stage startups and measures their impact on financial health.
The Discover Financial Health Improvement Fund invests in startups creating financial products and services that put financial health first.
Active investments
Consumers reached, of whom 49% earn LMI
Active investments have at least one underrepresented executive
Laser-focused on improving the financial health of underserved communities, the Discover Financial Health Improvement Fund invests in solutions built for individuals earning low and moderate incomes or small businesses with less than $1 million in annual revenue. The first ten startups in the fund’s portfolio span improved access to benefits, personalized cashflow insights, improved access to home ownership, and more.
Discover and Capital One lead the Discover Financial Health Improvement Fund, with evaluation support from the Financial Health Network and investment management from ResilienceVC and Chartline Capital.
Mission-aligned investment funds like this are just one way we can support and scale responsible financial solutions. Advancing the financial health of all people requires the commitment of dedicated partners like you.
Collaborate with us to build programs, conduct research, deploy solutions, and develop policies that truly make a difference – as part of a community of like-minded leaders ready to support you in advancing financial health for all.
