NEWARK,
Del., Aug. 5, 2024 /PRNewswire/
-- CAFE (Center for Accelerating Financial Equity), a
non-profit dedicated to advancing financial health and wellness for
low-to-moderate-income (LMI) individuals through fintech
innovation, today announced the opening of applications for its
second cohort of the CAFE Fintech Accelerator Program. This program
aims to support and scale revolutionary fintech businesses
that prioritize financial inclusivity and innovation. The Fall 2024
program is sponsored by Best Egg, a leading fintech that drives
financial confidence, located in Wilmington, DE.
Applications for the Fall 2024 program are open from
August 5 - September 2 at
https://ftcafe.org/accelerator/. This is a unique opportunity for
mission-driven technology startups to receive support with
coaching, customers, investors, and community as they accelerate
their business and impact. The eight-week hybrid-virtual program
will run from September 30 - November
22. It is designed to nurture startups and emerging
companies that are creating disruptive technologies with a strong
commitment to leveling the financial playing field. Selected
applicants will be notified in mid-September and will receive
comprehensive support, including mentorship from Best Egg
executives, access to state-of-the-art facilities, and
opportunities to connect with financial institutions, investors,
and other key industry players, throughout the course of the
program.
"We are thrilled to launch the second cohort of our accelerator
program and invite fintech founders from Delaware and across the country to join us in
our mission to transform the financial landscape to be more
inclusive," said Kristen Castell,
Managing Director at CAFE. "Through this program, we support the
growth of startups that are dedicated to advancing financial
wellness for LMI and underserved communities through their
innovative technology products. We're thankful for Best Egg's
support and look forward to offering program participants the
opportunity to engage directly with executives at this local,
award-winning fintech that is dedicated to helping people with
limited savings."
"As Best Egg marks its 10th year of innovation, we're
proud to sponsor the CAFE Fintech Accelerator Program and support
the next generation of fintech pioneers," said Sabrina DeVito, Chief Strategy Officer at Best
Egg. "Having started as a fintech startup ourselves, we understand
the challenges and opportunities in reaching millions of
underserved customers. Our decade of growth has been driven by a
commitment to providing accessible financial solutions,
particularly for those with limited savings. We look forward to
sharing our insights and expertise to empower new entrants
dedicated to transforming the financial landscape for those often
overlooked by traditional banking."
CAFE's inaugural Fintech Accelerator Program commenced earlier
this year. For more information about the program, please
visit https://ftcafe.org/accelerator/.
About CAFE
CAFE (Center for Accelerating Financial
Equity) is a non-profit dedicated to advancing the financial health
and wellness for low- to moderate-income (LMI) populations
through innovative fintech solutions and strategic partnerships.
CAFE is based in the state-of-the-art Fintech Innovation Hub
at the Delaware Technology Park on the University of Delaware's STAR Campus. For more
information, visit www.ftcafe.org.
About Best Egg
Best Egg is a leading fintech that
drives financial confidence, providing flexible solutions to help
people with limited savings adapt to their changing needs. Best Egg
supports customers through a growing suite of personal loans,
flexible rent, and financial health tools. Leveraging real-time
customer insights and data engineering, Best Egg gives more people
access to the resources they need to be money confident. For more
information, visit www.bestegg.com.
MEDIA CONTACTS:
Lisa Albiston, Head of Corporate
Affairs
Best Egg
lisa.albiston@bestegg.com
press@bestegg.com
Elspeth Huyett, Senior Account
Executive
Vault Communications
ehuyett@vaultcommunications.com
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SOURCE Best Egg