The Discovery Fund was created to support entrepreneurs who are building solutions for financial inclusion. The fund will invest $15M over the next three years in early-stage fintech companies led by BIPOC, LGBTQ+, and women founders.
Questions about the Discovery Fund
Our mission is to find companies that are producing products and services that are actually improving the lives and financial health of everyday Americans, particularly low and moderate income consumers and those who have been underserved by the traditional financial system.
Director of Discovery Fund
- Pre-seed and seed stage companies
- Founder from underrepresented background
- Primarily serving US consumers
- Check size of up to $500K
- Equity and/or convertible debt investments
- Syndicate (not lead) investor
It is rare for Latino or African-American founders to raise significant capital with just an idea… The investment from CMFG Ventures Discovery Fund provides a network of lenders that we hope will allocate resources to take a progressive borrower-centric approach towards equal access and reducing lending discriminations.
Co-Founder of Home Lending Pal