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United States

New Alliance Launches to Help Regulators Deploy Tech and Build Smarter Financial Regulation

Backed by Fintech Entrepreneurs and VCs, Alliance for Innovative Regulation (AIR) Launches at Money20/20 Washington DC – Tuesday, October 29, 2019 – To help regulators embrace technology and integrate innovation into their organizational DNA, Jo Ann Barefoot, former Deputy Comptroller of the Currency, and David Ehrich, co-founder of fintech credit...

Roll Call: Duo seeks to bridge information divide in fintech industry

Group calls for using data to achieve better credit access By Steven Harras Posted October 22, 2019 at 6:30am When a diverse coalition, including big banks and a civil rights group, this summer called for speedier deployment of cash-flow data to widen Americans’ access to credit, it was a little-known startup research organization that brought...

[Forbes] FHN Jen Tescher: When Mission and Margins Meet, the Market Celebrates

By Jennifer Tescher, Financial Health Network One of the many things this crazy year will be remembered for is dead unicorns. The road to IPO is littered with $1 billion+ duds: Uber, GreenSky, WeWork. The carnage has been so bloody, some venture capitalists and tech founders are beginning to realize...

[Bloomberg] Socially Conscious Bank Card Gives Do-Gooder Customers Cash Back

Online bank Aspiration will give its debit-card customers 3% to 5% cash back when they shop at more than dozen companies that have a social mission, including eyeglass provider Warby Parker, shoe seller Toms and household-goods retailer Brandless, the bank said in a statement Thursday. “It provides the encouragement people...

August 26, 2019

United Income Acquisition Validates Approach to Purpose-driven Fintech Investments

Capital One’s acquisition of our portfolio company United Income is a tangible validation of Flourish's belief that purpose-driven entrepreneurship and technology-led innovation can create new…

Andrei Cherny

[Los Angeles Times] How I Made It: He dreamed of a career in politics. Now he’s shaking up consumer banking

Andre Cherny, co-founder and CEO of Flourish portfolio company Aspiration, sat down with the Los Angeles Times' Margot Roosevelt in a "How I Made It" feature to share his own journey - from politics, to Fintech - to how Aspiration's mission is focused on the health of consumer finances, their...

Jennifer Tescher

[Forbes] FHN's Jennifer Tescher: Go Slow On Libra. Speed Up On Faster Payments.

In June, Facebook revealed the details of its proposed cryptocurrency, Libra, which will let you buy things or send money to people with nearly zero fees. Jennifer Tescher, founder and CEO of the Financial Health Network, raises concerns about Libra in her Forbes Opinion piece. She notes that while it's...

Humans Are Not Calculators

Emmalyn Shaw shares behavioral economics learnings from expert Wendy De La Rosa.

Time for the Financial Industry to Turn Intentions into Action

Flourish Principal Sarah Morgenstern shares insights on groundbreaking research from the Financial Health Network.

Portfolio

Embedded Finance

Why We Invested in Clerkie: Helping People Make Smart Financial Decisions with an AI Assistant

Learn why we invested in Clerkie, the AI-powered financial assistant.

Clerkie Launches its AI-powered Financial Assistant, Announces $2 Million Seed Round Led by Flourish

SAN FRANCISCO, CA, May 21, 2019 – Clerkie, the AI-powered financial assistant, officially launched its app today with $2 million in seed funding from Flourish, a venture of The Omidyar Group focused on backing impact fintech globally, and angel investors. Clerkie's mission is simple: democratize financial help by bridging the...