Financial Solutions Lab
VC Fund
Chicago, United States
Financial Solutions Lab is a VC fund in Chicago focused on Financial Services and FinTech. The Financial Solutions Lab was established in 2014 to cultivate, support, and scale innovative ideas that help improve financial health. We focus on solutions addressing acute and persistent financial health challenges faced by low- to moderate-income (LMI) individuals, Black and Latinx communities, and other underserved consumers.The FinancialHealth Network manages the Financial Solutions Lab in collaboration with founding partner JPMorgan Chase and with support from Prudential Financial.
- Total investments:
- 55
- Last investment:
- Lead investor:
- 25%
- Fund size:
- $25M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Financial Solutions Lab invests in
Stages Financial Solutions Lab invests in
Countries Financial Solutions Lab invests in
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Jennifer Tescher
|
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Michael Salmassian
|
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Naomi Adams Bata
|
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Sarah Austrin-Willis
|
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1 more contact available
Investment Focus
Industry
- Financial Services 38 (69%)
- FinTech 33 (60%)
- Finance 11 (20%)
- Personal Finance 7 (13%)
- Apps 6 (11%)
Stage
- Seed 35 (64%)
- Pre-Seed 6 (11%)
- Series A 5 (9%)
- Funding Round 3 (5%)
- Venture - Series Unknown 3 (5%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Jennifer Tescher
CEO & Founder
|
CEO & Founder | Total investments: 0 | Find email | |
|
Michael Salmassian
Director, Marketing and Communications
|
Director, Marketing and Communications | Total investments: 0 | Find email | |
|
Naomi Adams Bata
Vice President, Communications
|
Vice President, Communications | Total investments: 0 | Find email | |
|
Sarah Austrin-Willis
Senior Director
|
Senior Director | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Lifesaver
|
Lifesaver is a universal mobile banking front-end that turns legacy financial institutions into cutting-edge digital players. Through Lifesaver, people can open, fund, track, and transfer between accounts simply and instantly. Banks and credit unions on the platform enjoy the ability to rapidly deploy feature-rich mobile banking services with nodevelopment or maintenance. | $125K / Seed / May 25, 2021 | |
Home Lending Pal
|
Home Lending Pal charges lenders monthly to implement fairness solutions to increase fairness and profits. We remove preconceived notions from lenders that increased fairness equals decreased profits while building trust and engagement with marginalized communities.Our monthly software + CRA Qualifying Marketing fees for banks aim to increasecompliance, speed, and readiness through automation. HLP customer success teams lead marketing optimizations to increase application volumes, approval, and take rates. | Convertible Note / May 25, 2021 | |
Leap Fund
|
Leap Fund specializes in providing a solution that lifts people over the benefits cliff, creating self-sufficiency, and financial independence. It has developed a calculator that predicts individualized benefits cliffs and is a financial solutions that allows users to defer their income until they earn enough to replace what they’ll lose inbenefits.They were was founded in 2018 and are headquartered in Brooklyn, New York. | $125K / Seed / May 25, 2021 | |
Upsolve
|
Upsolve helps low-income Americans get a fresh start after sudden financial shocks by automating bankruptcy. It provides a free online tool that asks users questions and generates a Chapter 7 bankruptcy forms, after that, the company's lawyers will review the forms.Jonathan Petts and Rohan Pavuluri founded Upsolve in June 2016, with itsheadquarters in New York City. | $125K / Venture - Series Unknown / May 25, 2021 | |
Esusu
|
Esusu is a mobile platform designed to empower our users to better save their income, access larger sums of capital, and build credit and financial identity through community-based savings.Across the world, millions of people use savings clubs to build financial resilience and plan for the future. These groups are formed of trusted family andfriends who each contribute toward a single pot of money on a regular basis. Each group member then has the chance to withdraw the full pot and use it towards big-ticket items including education, launching a business, and remittances.Esusu is adapting this tried-and-tested solution to the digital world to scale its capacity to level the economic playing field. Esusu serves as the bridge between the formal and the informal financial economy for 57% of Americans who qualify as financially unhealthy. | $125K / Seed / May 25, 2021 | |
Daylight
|
Daylight is the first and only digital banking platform in the U.S. specifically designed for and by the LGBT+ community. Daylight’s card, app and digital services prepare members for the future faster by helping them to navigate the finance system, generate smarter habits and connect with a community working together to build the life they deservewithout compromise.Daylight was founded in 2020 and is located at West Hollywood, California. | $125K / Pre-Seed / May 25, 2021 | |
Everyday Life
|
Everyday Life Insurance uses technology to make life insurance smarter and more accessible for everyday people. The company's platform combines answers with population data, analyzes by an algorithm and delivers a personalized life insurance recommendation, enabling customers to purchase their cost-effective tailored plan.It was founded in2018 and is headquartered in Boston, Massachusetts. | $125K / Seed / May 25, 2021 | |
Sigo Seguros
|
Sigo uses data and automation to provide lower-cost policies for the Latino market. | $1.5M / Seed / Apr 27, 2021 | |
|
Daylight
|
Daylight is the first and only digital banking platform in the U.S. specifically designed for and by the LGBT+ community. Daylight’s card, app and digital services prepare members for the future faster by helping them to navigate the finance system, generate smarter habits and connect with a community working together to build the life they deservewithout compromise.Daylight was founded in 2020 and is located at West Hollywood, California. | Pre-Seed / Apr 01, 2021 | |
Summer
|
Summer combines innovative technology and policy expertise to serve student loan borrowers. The company's platform provides resources including a personalized loan payment dashboard, payment notifications, student loan policy updates, and customized repayment plans, enabling student borrowers to take control of their loans and save money whilerepaying.Summer was established in 2017 in New York by Will Sealy. | $125K / Seed / Jun 22, 2020 | |
| See all 55 investments → | |||
Co-Investors
Camp One Ventures
3 deals together
Clocktower Technology Ventures
2 deals together
Financial Health Network
2 deals together
Restive
2 deals together
Mucker Capital
2 deals together
OCA Ventures
2 deals together
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FAQ
What does Financial Solutions Lab invest in?
Financial Solutions Lab invests primarily in Financial Services, FinTech and Finance startups, most often at Seed and Pre-Seed stage. Most of the 55 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact Financial Solutions Lab?
Public channels for Financial Solutions Lab include X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Financial Solutions Lab?
The team at Financial Solutions Lab includes Jennifer Tescher (CEO & Founder), Michael Salmassian (Director, Marketing and Communications) and Naomi Adams Bata (Vice President, Communications). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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