Unit’s mission is to unlock value and expand financial access for all. That’s why we’re proud to announce we will be working with the Financial Solutions Lab to be a resource for their alumni network of startups.
The Financial Solutions Lab (FSL), managed by the Financial Health Network, has invested in and supported over 50 early-stage fintech start-ups since launching in 2014. FSL aims to improve financial health by identifying, testing, and scaling digital products and services that address the needs of low- to moderate-income and historically underserved communities. Past program participants include SaverLife, Petal, Even, and Dave.
“Too many people have been left out of the traditional financial system or even harmed by it,” said Itai Damti, CEO of Unit. “The Financial Solutions lab supports innovators who are helping people get better access to financial services and better outcomes. It’s an important mission, and we’re honored to join them in it.”
As part of our commitment to supporting solutions that impact the financial health of underserved communities, Unit will extend FSL alumni preferential pricing on our banking-as-a-service platform. We’ll also make experts from our team available to FSL alumni to share industry knowledge and best practices around (for example) compliance, marketing, and back-end financial services infrastructure.
More than 500,000 Americans use financial products powered by Unit. To learn more about how Unit works with companies to expand financial access and inclusion, check out two of our recent customer stories: Veryable helps contract laborers get paid faster, and Forage helps more businesses accept online EBT (food stamps) payments.
February 6, 2023