The American Fintech Council (AFC) and the Center for Accelerating Financial Equity (CAFE) have announced an expansion of their partnership to include companies selected in the second cohort of the CAFE Fintech Accelerator Program. This collaboration aims to provide startups with access to AFC member benefits, reinforcing both organizations' commitment to financial equity through innovation.
Phil Goldfeder, CEO of the American Fintech Council, expressed enthusiasm about the growing relationship with CAFE. "This accelerator program is an exciting opportunity to foster the development of groundbreaking technologies that have the potential to further democratize financial services and improve financial health for underserved communities across the country," he stated.
Located at Delaware Tech Park on the University of Delaware campus, CAFE is a non-profit organization focused on advancing financial health for low- to moderate-income populations through fintech innovation. The second cohort includes startups such as Prismm, Odynn, Salus, Kredit Academy, Carvertise, and Giving Credit. These companies will receive educational support from CAFE's curriculum and benefit from AFC's industry events.
Kristen Castell, Managing Director of CAFE, highlighted the alignment between AFC's focus on responsible innovation and CAFE's mission. "Through the CAFE Fintech Accelerator Program, CAFE and AFC will increase the breadth and depth of our partnership and have a significant impact on the future of innovation in our industry," she said.
Martha Underwood, CEO of Prismm, noted that being part of this program has been transformational for her company. "With the added partnership with the American Fintech Council, we will gain access to invaluable industry insights and a network that amplifies our impact," she remarked.
Both organizations view this initiative as a step towards promoting a more inclusive financial system by providing resources and connections for entrepreneurs.