Wednesday, April 19, 2017

SpringFour Selected for Points of Light CivicX

Our team at SpringFour is beyond excited to announce that we’ve been selected for the Spring 2017 cohort at the Points of Light Civic Accelerator!

Civic Accelerator is the first accelerator program and investment fund in the country focused on "civic ventures" – ventures that include people as part of the solution to critical social problems.

The founding partners of the accelerator are PwC Charitable Foundation and Starbucks Foundation, with additional, notable sponsors including CapitalOne Investing for Good, Vodafone Americas Foundation, U.S. Small Business Administration, Dentons, Singing for Change, and Hilton Worldwide.

The 12 ventures in the Spring 2017 cohort include for-profits and nonprofits focused on increasing economic mobility across the country.

The accelerator addresses the financial health of typically overlooked populations through:

      Inclusive financial health
The SpringFour platform connects families with financial resources that help them save money, pay off their debt, and achieve greater financial health, no matter their background.

      Financial resilience
We increase financial resilience by helping consumers save money that supports them during unexpected expenses that would have otherwise set them back.

      Opportunity though innovation
Through our innovative, SaaS platform, we help consumers more readily access financial resources, leading to greater financial freedom and opportunity.

As a part of the cohort, we’ll be participating in a 10-week boot camp and investment fund that will accelerate our mission and vision along with those of the other ventures that are working to improve financial outcomes and prepare families for financial success.

The 12 companies and their teams start the 10-week boot camp in Atlanta (April 17-20) then travel to New York (May 16-19) and Seattle (June 20-23). The boot camp includes mentoring, education, peer support, and networking. Each of the sessions includes a pitch night so please come by and say hi.

We are thrilled to join the Civic Accelerator, an influential leader for social entrepreneurs, and grateful to learn and grow alongside an extraordinary group of social impact ventures that are committed to increasing access to financial health and economic mobility.

Tuesday, March 21, 2017

Podcast: The Importance of Consumer Financial Health in Banking

CEO and CoFounder Rochelle Gorey was recently featured on the BAI Banking Strategies Podcast, a weekly podcast focused on key issues facing financial services leaders in order to empower them to make smarter decisions.

Rochelle spoke to how financial institutions can benefit from making consumer consumer financial wellness a top priority.

Most Americans can’t afford an unexpected $400 expense and are living paycheck to paycheck. As increased awareness around financial health grows, more banks and financial institutions are looking for innovative ways to help their customers stay on top of payments and increase opportunities for savings.

Rochelle explains that connecting consumers to financial resources that allow them to save an extra $200 a month, for example, not only increases the rate at which they are able to make payments, but it strengthens the banking relationship.

If a consumer feels that their banking partner is taking a genuine interest in understanding their unique situation, and then assisting them in finding the resources to help, they are far more likely to trust and continue to bank with that institution. Additionally, as their financial situation improves they may be eligible to purchase better financial products.

Listen to the entire podcast to hear more about the importance of financial wellness in banking and visit our site to see how SpringFour is working with financial institutions to help their consumers access important cost-saving resources and improve payments.