Discover Financial Services - Discover Launches $36 million Fund Aimed to Improve Financial Health in Delaware
Discover Bank has launched a new mission-driven investment fund, the Discover Financial Health Improvement Fund, to support startups and early-stage technology companies who are developing solutions to improve the financial health of low- and moderate-income people, communities, and small businesses. Discover Bank has made an initial capital commitment of $36 million.
“We continually explore innovative ways to support our communities in which we operate and creating the Discover Financial Health Improvement Fund is a unique way of doing that,” said Matthew Parks, vice president of Discover Bank. “As technology continues to evolve, we want to fund entrepreneurs who have identified creative ways to benefit those of modest means. It is our expectation that these technologies can both be profitable and beneficial to the community.”. Click here to learn more: Discover Financial Services - Discover Launches $36 million Fund Aimed to Improve Financial Health in Delaware.