NuMoola is proud to announce that the National Science Foundation (NSF) awarded us with a Phase I grant for a Small Business Innovation Research (SBIR) project! Proposals submitted to the NSF SBIR/STTR program, also known as America’s Seed Fund powered by NSF, undergo a rigorous merit-based review process. NuMoola’s proposal was one of the 10% of applicants that moved onto the final round for funding and had high rankings. Once a small business is awarded a Phase I grant, it becomes eligible to apply for Phase II funding and additional supplements totaling up to $1.7 million. Learn more about how NSF helps unlock future technologies for national and societal impact: https://beta.nsf.gov/tip/latest

“We appreciate the National Science Foundation for making our innovation research project possible. Our team looks forward to working with NSF to make an impact on how financial literacy is being presented to kids and adults, and to show growth over time in a user’s financial wellness journey,” says Toni Schlieper, Head of Education at NuMoola and Principal Investigator of the project. 

The award recognizes innovations for research and education in science and engineering. The foundation helps accelerate the translation of research results to practice and provides pathways for researchers, startups, and aspiring entrepreneurs to move their ideas from the laboratory to the market and society. 

As a small Pittsburgh startup hoping to make a difference in the embedded finance space, we are thrilled to be able to further our mission of being a mobile retail banking software. The app is licensed to banks, credit unions, and families to promote financial wellness and develop lifelong banking customers. Thank you again to the National Science Foundation for your support!