LOS ANGELES--(BUSINESS WIRE)--Core Innovation Capital (Core) today announced that online applications for its Core Innovators Challenge 2014 are being accepted through midnight on April 1, 2014. The fourth annual Challenge is a featured event at EMERGE: The Forum on Consumer Financial Services Innovation, and showcases startups that target the financially underserved population in the United States.
Nominations can range from ideas in development to publicly traded companies. Four finalists will be selected to compete in a live demo format for $10,000 in prize money. Demos will be presented before an audience of hundreds of financial services industry executives, investors, and practitioners who will vote for the best new innovation.
Previous winners include Juntos Finanzas, a transformative mobile personal financial tool for cash-based households, and PayPerks, a financial capability and rewards platform providing low-and-middle-income consumers with more financial transparency, choice and access. Additional prior year finalists include iSend, Nexxo Financial’s Underbanked Platform, Mitek, TrustEgg, Enova International, Fuze Network, LendUp, SaveUp, and Yattos.com.
The 80 million underserved Americans that earn more than one trillion dollars in annual income make up the Emerging Middle Class. Core is an Impact Alignment venture fund investing in entrepreneurs that serve the Emerging Middle Class by applying free-market solutions to the world’s most demanding social challenges.
“We are seeking visionaries that can build a successful, scalable business that improves the financial health and well-being of its customers,” said Arjan Schütte, founder and managing partner of Core. “EMERGE provides a tremendous platform to showcase these innovative startups.”
For more information on the Core Innovators Challenge or to apply, please visit: http://www.corevc.com/challenge.
About EMERGE: The Forum on Consumer Financial Services Innovation:
EMERGE brings together over 700 leaders and innovators transforming the financial services industry—bank and credit union executives, federal and state policymakers, technology entrepreneurs, nonprofit providers, consumer advocates, retailers, and investors. Through case studies, interactive sessions, and tracks organized around specific consumer behaviors, the EMERGE agenda brings consumer data and stories to life. With a proven history of building new connections and spotlighting the most innovative trends, attendees get the latest information and the cutting-edge strategies they need to build profitable solutions that actively contribute to the financial health of consumers. To register, visit http://www.americanbanker.com/conferences/cfsi/ and join the conversation at #EMERGECFSI.
About Core Innovation Capital:
Core Innovation Capital is a leading investor in financial technologies serving the Emerging Middle Class, the 80 million Americans that generate over $1 trillion in annual income and spend more than $78 billion in fees and interest on financial services. Core partners with proven entrepreneurs and invests in disruptive financial technologies that measurably improve the lives of the Emerging Middle Class. The Core Impact Alignment investment thesis leverages social impact to create above-market financial return. For more information about Core Innovation Capital, visit www.corevc.com or follow @CoreEMC.