Eight startups have been awarded $3 million in startup capital from the third fintech competition from JPMorgan Chase and Financial Solutions Lab.
The “FinLab” competition focuses on solutions for personal financial health, particularly among underserved U.S. populations.
Winners include EverSafe, a banking and investment monitoring service for aging Americans; Nova, a cross-border credit reporting agency; Blueprint Income, a pension planning service; and Dave, an overdraft alert and protection service. Each startup receives $250,000 alongside mentorship and support in testing and refining their products and services.
Fifty-seven percent of Americans have difficulty managing personal finances.