Financial Solutions Lab focuses on cultivating and scaling innovative solutions that improve financial health for underserved communities, particularly low- to moderate-income individuals and Black and Latinx populations. The lab typically invests in early-stage companies, with a strong emphasis on seed and pre-seed rounds, providing investments ranging from $125,000 to $250,000.
Notable portfolio companies include Petal, Propel, and Ascend Consumer Finance. The lab operates in collaboration with founding partner JPMorgan Chase and with support from Prudential Financial, offering a unique blend of financial industry expertise and resources. Their accelerator program and grant initiatives provide additional support to startups addressing acute and persistent financial health challenges.
Financial Solutions Lab - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Total Investments35
Current Portfolio Count32
Total Portfolio Exits0
Top Investment Stages
Seed24 (68.6%)
Pre-Seed4 (11.4%)
Series A3 (8.6%)
Series Unknown3 (8.6%)
Convertible Note1 (2.9%)
Stage Mix
Seed 69%Pre-Seed 11%Series A 9%Series Unknown 9%Convertible Note 3%
Concentration shown as share of disclosed investments by stage.
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Financial Solutions Lab - Classification
- NAICS
- 520000Finance and Insurance
- SIC
- 6000Depository Institutions
Show 3 more industry codes
- SIC
- 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
- 6280Services Allied With The Exchange Of Securities Or Commodities
- 6282Investment Advice