Which 10 companies are leading in the development of innovative financial products and services for underserved communities?

1. Acorn Collective – a blockchain-based crowdfunding platform aimed at democratizing investment opportunities for people around the world, particularly those who are unable to access traditional funding sources.

2. Tala – a mobile lending platform that offers loans to individuals without a credit history, using alternative data sources such as mobile phone usage and payment patterns to determine creditworthiness.

3. Chime – a mobile banking app that provides fee-free checking accounts and debit cards to people who have been traditionally excluded from the banking system, such as those with low incomes and poor credit scores.

4. LendUp – an online lender that provides small-dollar loans to people with poor credit, using a unique “LendUp ladder” system that rewards borrowers for making timely payments and taking financial education courses.

5. Greenlight Financial Technology – a financial platform aimed at educating children and teens about money management and providing them with a safe way to develop financial independence.

6. ZestFinance – a fintech company that specializes in using machine learning algorithms to assess credit risk for people who have been excluded from traditional credit scoring models.

7. OnDeck – an online lender that provides working capital loans to small businesses, including those with less than perfect credit scores.

8. Propel – an app that helps low-income households manage their finances and access government benefits such as food stamps and Medicaid.

9. Credijusto – a Mexican fintech company that provides alternative financing solutions to small and medium-sized businesses that have been overlooked by traditional banks.

10. PayActiv – an employee benefit platform that helps people access earned wages before their scheduled payday, providing a lifeline for those who are living paycheck to paycheck.