About Financial Solutions Lab
Financial Solutions Lab, an accelerator and incubator program founded in 2014, is based in Chicago, United States. With a presence in 2 countries, it has supported around 39 startups in sectors like Enterprise Applications, FinTech. As of Oct 2026, Financial Solutions Lab has 1 unicorn under its belt and has witnessed 10 portfolio exits. Most notable companies in
its portfolio include Dave, Albert and Esusu. The program primarily supports Seed startups based in United States. Its latest investment was a $250K Seed round in Brightside on Jan 15, 2019.
Key Metrics
Founded Year
2014
Location
Chicago, United States
Sectors of Investment
Stages of Investment
Seed, Series A & 1 more
Locations of Investment
Unicorn in Portfolio
Financial Solutions Lab's List of Top Investments
Financial Solutions Lab has a portfolio of 39 companies, one of which is a Unicorn. Their most notable investments are in Dave and Resolve.Their portfolio spans across United States and Ukraine. They have invested in Enterprise Applications, FinTech, Consumer and 10 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Financial Solutions Lab:1. Dave
Developer of a mobile banking application offering financial management tools. Its services include deposit accounts, debit cards for online/offline purchases, money transfers, bill payments, cash withdrawals, and more. It also provides tools for budget and finance management. The application is available on iOS and Android devices.
Key facts about Dave
- Founded Year: 2016
- Location: Los Angeles (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $63.6M
- Employee Count: 657 as on Sep 30, 2026
- Investors: CE Innovation Capital, Black Tee Ventures and 18 Others
- Latest Funding Round: Post IPO, Mar 22, 2022, $*****
- Highlight: Public
2. Albert
All-in-one money app for budgeting, saving, spending, and investing. It is a fintech platform providing a suite of financial tools. The platform offers budgeting assistance, automated savings, investment opportunities in stocks and ETFs, and spending monitoring. It provides features like financial planning, shopping assistance, alerts, and a secure vault. The platform also offers banking services through partner banks, including cash back rewards, early paycheck access, and fee-free ATMs. Identity protection services with fraud monitoring, dark web monitoring, and ID theft insurance are available. It uses AI-powered financial assistance. The platform offers subscription plans for premium features. It is a B2C, SaaS, and mobile app-based service.
Key facts about Albert
3. Esusu
Online platform offering credit-building solutions through rent payment reporting. It captures rental payment data and reports it to credit bureaus to boost credit scores. This helps the tenants to build and establish their credit scores and also helps property owners to attract new tenants. It also reports property management analytics and more.
Key facts about Esusu
- Founded Year: 2018
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $200M
- Employee Count: 159 as on Mar 31, 2026
- Investors: SoftBank Group, SoftBank Vision Fund and 34 Others
- Latest Funding Round: Series C, Dec 11, 2025, $*****
- Highlight: Editors' Pick
4. Propel
Developer of mobile applications for managing government nutrition assistance benefits. The software enables users to monitor account balances, review transaction histories, and receive notifications regarding deposit schedules. It provides security features, including card locking and fraud monitoring, to protect against unauthorized account access. Additionally, the platform connects users to discount programs, grocery savings, and employment opportunities. It integrates with state portals to provide real-time information and simplifies the management of public assistance programs.
Key facts about Propel
- Founded Year: 2014
- Location: Brooklyn (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $68.3M
- Employee Count: 123 as on Sep 30, 2026
- Investors: Kleiner Perkins, Financial Solutions Lab and 6 Others
- Latest Funding Round: Grant (prize money), Aug 29, 2024, $*****
5. Nova Credit
Provider of unified consumer credit data infrastructure and analytics platform. The company enables lenders and other financial institutions to access and orchestrate consumer-permissioned credit, banking, payroll, and document data through a single integration for underwriting and onboarding workflows. Its platform underpins three core products a cash flow underwriting solution using bank transaction data, an automated income verification solution, and a cross border credit product that translates international credit histories into standardized reports. Services help clients expand approval rates for underserved or thin file consumers, reduce fraud, improve debt-to-income assessment, and maintain compliance as a consumer reporting agency under applicable regulations.
Key facts about Nova Credit
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $156M
- Employee Count: 130 as on Sep 30, 2026
- Investors: National Bank of Canada, Harmonic and 36 Others
- Latest Funding Round: Series D, Oct 14, 2025, $*****
- Highlight: Editors' Pick
Financial Solutions Lab's Year-on-Year Investment Trends
Financial Solutions Lab has invested in 39 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Brightside and most recent follow-on round was in Scratch.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
2018 | 4 | 1 | 5 |
2017 | 6 | 0 | 6 |
Financial Solutions Lab's Investments by Stage
Financial Solutions Lab has made 15 investments in Seed stage with an average round size of $250K, 2 investments in Series A stage with an average round size of $250K and 1 investment in Grant (prize money) stage with an average round size of $250K.Stage of entry | No. of Investments |
|---|---|
Seed | 15 |
Series A | 2 |
Grant (prize money) | 1 |
Note: We have considered here, only first round of investments
Financial Solutions Lab's Investments by Sector
Financial Solutions Lab has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Financial Services, Consumer and HealthTech. Notably, it has invested in 35 Tech companies, 24 Consumer (B2C) companies, 16 Enterprise (B2B) companies and at least 16 companies focusing on Software.Sector | No. of Investments |
|---|---|
FinTech | 14 |
Enterprise Applications | 9 |
Financial Services | 3 |
Consumer | 2 |
HealthTech | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
Financial Solutions Lab's Investments by Geography
Financial Solutions Lab has made most investments in United States (17), followed by Ukraine where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 17 |
Ukraine | 1 |
Note: We have considered here, only first round of investments
Financial Solutions Lab's recent investments
Financial Solutions Lab has not made any investment in 2026 so far.Here are the most recent investments by Financial Solutions Lab:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 15, 2019 | United States | Seed | 4410 | - | |
Sep 17, 2018 | United States | Series A | 8230 | [+4] | |
Jun 07, 2018 | United States | Seed | 1855 | - | |
Jun 07, 2018 | Ukraine | Seed | 9379 | - | |
Jun 07, 2018 | United States | Seed | 5794 | - |
Unicorns in Financial Solutions Lab's Portfolio
Financial Solutions Lab has 1 unicorn in its portfolio - Esusu. The most recent unicorn in their portfolio is Esusu which became a unicorn in 2022, 4 years before Financial Solutions Lab first invested in it.Here is a list of unicorns in Financial Solutions Lab's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | Online platform offering credit-building solutions through rent payment reporting | 2018 | New York City | Series C | wgssukb |
IPOs and Publicly Listed companies in Financial Solutions Lab's Portfolio
1 of Financial Solutions Lab's portfolio company became public - Dave. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Apr 2021.Here are Financial Solutions Lab's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 26, 2021 | Jun 15, 2017 | Seed | 1802 |
Acquired companies in Financial Solutions Lab's Portfolio
9 companies from Financial Solutions Lab's portfolio have been acquired. The most recent acquisition was EarnUp in Feb 2026 by Array for $*****.Here are Financial Solutions Lab's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 25, 2026 | Jun 17, 2016 | Seed | 5746 | |
Feb 19, 2025 | Jun 17, 2016 | Seed | 1682 | |
Apr 09, 2024 | Jun 07, 2017 | Seed | 8197 | |
Jan 26, 2022 | - | - | 8314 | |
Jan 13, 2022 | Jun 15, 2017 | Grant (prize money) | 1114 |
Co-investors of Financial Solutions Lab
Over the past 11 years, 167 investors have co-invested in Financial Solutions Lab's portfolio companies. This includes funds and angels.
- Invested before Financial Solutions Lab: 500 Global, Village Capital and 14 others have invested in rounds before Financial Solutions Lab. There is 1 company where 500 Global has invested before Financial Solutions Lab and 1 company where Village Capital has invested before Financial Solutions Lab.
- Invested after Financial Solutions Lab: A total of 151 investors have invested in Financial Solutions Lab's portfolio after their investments. Top Investors include Nyca Partners (3 companies) and Victory Park Capital Advisors (2 companies).
Recent News related to Financial Solutions Lab
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Agency Start-up Sigo Serving Latinx, Immigrant Drivers Raises $1.5MInsurance Journal•Apr 27, 2021•Bond Capital, Sigo Seguros, Aamiclecapital.com, Financial Solutions Lab and 7 others
