Plaid has officially launched an incubator program, FinRise to empower early-stage entrepreneurs.

The idea came about during an internal 'hackathon' last summer and was inspired by the Black Lives Matter movement. After the initial concept and months of planning, FinRise was launched to be a nine-month program designed to support early-state founders who are Black, Indigenous or people of color.

"Entrepreneurship should be accessible. Anyone with a great idea should have access to the same opportunities and resources to be successful," said a blog regarding FinRise on Plaid.com. "At Plaid, we believe in technology as a force for good. We want to unlock financial freedom for everyone by empowering entrepreneurs and innovators. We want to create a fintech ecosystem that consists of more voices rather than fewer."