The second FinLab class wrapped up its eight-month program this week with a final meeting in San Francisco. The nine companies started their busy week with an exclusive investor event at the Julia Morgan Ballroom. CFSI organized the event to introduce investors to the Lab companies, talk about regulatory trends in fintech and give the FinLab companies the opportunity to meet potential investors. The same evening, CFSI hosted an event for the broader stakeholder audience for a celebration of the companies. These attendees included CFSI Network Members, Lab resource partners, local nonprofits, startup founders, and aspiring entrepreneurs. During this Culmination event, FinLab founders took the stage to share some of their insights into the impact they were having on consumers struggling with financial health, takeaways from the FinLab program, and highlights along the last eight months.
On Wednesday the group gathered for its final meeting of the program. They reflected on the program, shared upcoming company priorities and how they will be able to help each other. This gave them the opportunity to continue to share valuable insights on how each of them overcame pain points and other best practices. Now that these companies have “graduated” from FinLab, they become full-fledged members of CFSI’s Financial Health Network, which will continue to support them on their journeys.
We could not be more proud of these nine companies and their work to improve the financial health of 138 million underserved Americans – and we look forward to continuing to work with each of them.
If you are a fintech provider or nonprofit solving for consumer financial health, and this program sounds interesting to you, please apply here! Applications for the Lab’s third challenge opened February 7. The first deadline for innovators is March 16, and the program will kick off in June.