The Lab Winners
The nine winners of the Financial Solutions Lab’s first competition leveraged technology to creatively tackle the pervasive problem of managing household cash flow.
Reduces risk on current loans and rewards the borrower by lowering interest payments for responsible financial behavior.
An automated savings tool that uses an algorithm to move small amounts of money from checking into savings based on spending habits.
Turns inconsistent income of hourly and part-time workers into a steady salary by saving money from above-average paychecks and boosting low paychecks.
A marketplace lending platform that helps borrowers reduce their debt and rebuild their credit.
A workplace tool that enables workers to put more wages toward their principal financial goals using a simple, guided mobile experience.
A bill payment and management app that helps people better manage their personal finances by giving them a platform to review, manage and pay their bills for free.
Simplifies the SNAP application process by streamlining enrollment, eliminating paper documents and providing a phone-friendly mobile interface.
A platform for reputation-based borrowing, allowing anyone with a debit card to make small, short-term loans to other trusted borrowers.
An automated child support payment platform that enables parents to share child expenses and exchange child support directly with each other.