The Workers Lab has named a pair of FinTechs in its latest cohort of winners for its Innovation Fund.
Each of the six winners will be rewarded with $150,000 and access to mentorship, training and organisational support.
The companies were picked from a pool of around 400 applicants from across the US. The Workers Lab stated a majority of applications this year were from organisations led by people of colour, and all were led by or informed by workers themselves.
Among the winners was Let’s Get Set. The company provides mothers with tools to help them bolster their financial security. Its app helps working moms secure and deploy the $8,500 in federal tax credits they could miss as well as identify savings goals.
Let’s Get Set founder and CEO Clare Herceg said, “We’re building a different type of fintech company, one that centres workers’ voices and builds solutions for their unique needs. This grant is essential to solidifying our business model and helping us meet our goal of improving the financial security of the 90 million people making $40,000 or less in our country.”
Another FinTech company to win was ¡Reclamo!. The tool, which is from the Immigration Advocates Network, is designed to help workers and organisers identify and tackle wage theft by automating data collection and facilitating access to legal support.
Immigration Advocates Network director Rodrigo Camarena said, “As the first non-profit wage claim filing tool designed for and by workplace justice advocates, our goal is to significantly reduce the prevalence of wage theft in America and use the power of data and organizing to design fairer workplaces. Support from the Innovation Fund will enable us to add and train additional partners and launch a statewide campaign targeting the high-violation construction industry in New York.”
The other winners were Los Deliveristas Unidos, a collective of app-based food delivery workers; Sex Worker Liberation Project, which provides for the safety and health needs of Black and Brown LGBTQIA2S+ sex workers nationwide; Solidarity Tech, an all-in-one organizing platform for unions and progressive organizations; and United for Respect Education Fund’s WorkIt Platform; a non-profit organisation fighting to improves the lives of people who work in retail.
Copyright © 2021 FinTech Global