The Discovery Fund was created to support entrepreneurs who are building solutions for financial inclusion. The fund will invest $5 million annually in early-stage fintech companies led by BIPOC, LGBTQ+, and women founders.
Questions about the Discovery Fund
The Discovery Fund Impact Report takes a deep dive into the Discovery Fund's purpose and why investing in solutions and entrepreneurs that work towards financial inclusion is important.
2022 Discovery Fund Impact Report
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
Tools to manage cash flow, budgeting, checking/savings
Credit building, alternative credit, affordable student/mortgage/auto/personal loans
Investment and retirement solutions for low and moderate income consumers
Insurance products that are innovative and/or expand access to underserved consumers
Tools to enable consumers to make financially responsible decisions
- Pre-seed, seed and series A stage funding
- CEO from underrepresented background
- Primarily serving US consumers
- Investments of up to $1 million
- 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