Marketplace®
Every story is an economic story

Why would a big bank help startups win its customers?

At Chase, a program aims to back startups creating banking services for the poor.

A Bee salesperson signs up a new customer in Harlem
A Bee salesperson signs up a new customer in Harlem
Mark Garrison / Marketplace

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.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    8 hours ago
    25:22
  • Marketplace Morning Report
    15 hours ago
    7:09
  • Million Bazillion
    20 hours ago
    30:57
  • Marketplace Tech
    20 hours ago
    12:45
  • This Is Uncomfortable
    6 days ago
    28:44
  • Make Me Smart
    4 months ago
    24:33