The American Fintech Council (AFC), the trade affiliation representing accountable fintech corporations and progressive banks, is becoming a member of forces with the Heart for Accelerating Monetary Fairness (CAFE), which has chosen the primary cohort of corporations in its new fintech accelerator programme.
Situated on the Fintech Innovation Hub by Delaware Tech Park on the College of Delaware campus, CAFE is a non-profit organisation that advances monetary well being and wellness for low to moderate-income (LMI) and different underserved populations by fintech innovation and partnerships.
By means of its flagship fintech accelerator programme, CAFE helps and scales real-world innovation by serving to to develop revolutionary companies that not solely create disruptive applied sciences but in addition have a powerful give attention to levelling the monetary taking part in area. It really works with monetary establishments, buyers, and different organisations to attach with fintech options to succeed in new prospects and current communities in new methods.
Phil Goldfeder, CEO of the American Fintech Council, commented: “We’re excited to welcome CAFE as our newest strategic associate. In solely a short while, the group at CAFE has constructed a community of main monetary establishments, teachers, knowledge scientists and cutting-edge startup corporations to create an ecosystem that can collaborate to modernise the monetary system and assist democratise monetary providers.”
The American Fintech Council lately frolicked in Delaware assembly with the primary cohort of progressive corporations concerned in CAFE’s fintech accelerator programme.
Corporations from throughout the US will be part of a 10-week hybrid-virtual programme boasting intensive growth-oriented curriculum, mentors, advisors, and audio system representing the big selection of stakeholders in monetary fairness, in addition to ecosystem connections together with monetary establishments and banks, capital sources, and potential prospects. The accelerator is the primary of many programmes and initiatives that CAFE will supply to additional the mission and to innovate finance, for higher lives.
Combining communities
Kristen Castell, managing director on the Heart for Accelerating Monetary Fairness, additionally mentioned: “AFC’s mission and values are carefully aligned with CAFE and we’re thrilled to associate with such a change-making trade affiliation to create a extra inclusive monetary system.
“AFC isn’t just discuss – they’re doing the work with regulators, monetary establishments, and fintechs every single day – that can assist enhance enterprise throughout the nation and other people’s lives. CAFE is worked up to attach our respective communities for a larger constructive affect.”
AFC and its members advocate for the subsequent era of corporations on the intersection of know-how and monetary providers, whereas making certain a clear regulatory framework for its membership and the populations it serves. They foster progressive, clear, and accountable merchandise that promote competitors, client safety, monetary well being, inclusion, and fairness.
