🖤 Donations of all sizes power our public service journalism Give Now

Why would a big bank help startups win its customers?

Mark Garrison Oct 18, 2016
HTML EMBED:
COPY
A Bee salesperson signs up a new customer in Harlem Mark Garrison / Marketplace

Why would a big bank help startups win its customers?

Mark Garrison Oct 18, 2016
A Bee salesperson signs up a new customer in Harlem Mark Garrison / Marketplace
HTML EMBED:
COPY

Low-income Americans can sometimes feel invisible to startups and big banks, many of which focus on wealthier customers. Changing that is the focus of Financial Solutions Lab, an unusual joint project of JPMorgan Chase and the Center for Financial Services Innovation, a nonprofit. The bank has committed $30 million over five years, including support for startups trying to address challenges faced by low and moderate income Americans.

Use the audio player to hear the story, including Bee, one of the startups in the program.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.