Six mid-Atlantic fintech companies have been selected to participate in the first cohort of The Center for Advancing Financial Equity’s (CAFE) ten-week accelerator.
Founded in 2023 by Charlie Horn and led by managing director Kristen Castell, the CAFE Fintech Accelerator is a nonprofit, equity-free program that aims to address financial wellness for underserved low-to-middle-income (LMI) communities. It will be based at the FinTech Innovation Hub on the University of Delaware’s STAR Campus in Newark, Delaware.
“As the daughter of an immigrant family, I know how important financial security is for all aspects of people’s lives — health, housing, food security, work and families,” New York City-based Castell told Technical.ly in December. “That is why I am so passionate about CAFE’s mission to power fintech innovation to advance financial wellness for underserved communities. The fintech accelerator is the first step of many we will be taking to reach this mission and to transform the financial system to work better for all.”
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