Accelerator Program for Early-Stage Startups in the US

Accelerator Program for Early-Stage Startups in the US

Village Capital, with support from Freddie Mac, PayPal, and TIAA, is launching FinHealth US 2021, an accelerator program for early-stage startups in the United States contributing to the financial health and economic opportunity of everyday people and small business owners.

Focus Areas

People-focused innovation areas include, but are not limited to:

  • Preparing, selecting, financing, and maintaining a home over time
  • Preparing for retirement, health, and family needs as people age
  • Increasing and smoothing income for people across their jobs
  • Building credit and getting out of “harmful” debt

Small business owner-focused innovation areas include, but are not limited to:

  • Accessing and navigating capital;
  • Offering innovative workplace financial health solutions;
  • Building revenue generation.

Accelerator Program Factors

  • Scalability: Tech-enabled solutions with high-growth business models.
  • Agency: Solutions that empower users with agency over their financial decisions.
  • Cultural and behavioral sensitivity: Solutions that use a creative, cultural, and behavioral lens.
  • Inequity and its intersections: Solutions supporting communities facing financial health inequities based on race, age, gender, geographic location and income level – among other intersections.

Benefits

  • Ability to network and receive mentorship from potential strategic partners, customers, founders and investors across the Americas.
  • Diverse and inclusive network of mentors and founders within financial health and fintech.
  • Interactive sessions tailored to help your company identify early milestones and prepare for your next round of capital (if relevant).
  • Access to an investment analyst who will coach you 1:1 on building a financial model, identifying unit economics, and on using financial metrics to drive both the business and investor diligence.
  • Participate in mock board meetings with representatives from financial institutions, corporates, fintechs, and investors that can help your organization scale.
  • Exposure on Village Capital’s program website and other communications collateral.

Eligible Startups

  • Legal incorporation as a for-profit entity.
  • Scalable solution that tackles a financial health challenge for low-to-moderate income communities or small businesses in the U.S.
  • Operations in or have the ability to expand business to the U.S. market.
  • Have a minimum viable product (MVP) with less than $1M raised in equity.
  • Have at least one full-time founder based in the U.S.
  • Have meaningful customer or business validation (not limited to revenue, can also be successful pilot studies, number of users, and/or strategic partnerships).

Application Deadline: Sept 23, 2021

To apply visit here

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