MIT Solve Reveals 31 Tech-Based Innovators Addressing Global Challenges

New York, New York— Totem Technologies has been named an official 2023 Solver team by MIT Solve. Selected innovators convened in New York City during UN General Assembly Week. The 2023 Solver Class is comprised of 31 solutions, which address the 2023 Global Challenges. Each solution receives at least $10,000 of unrestricted funding and enters a nine-month support program to scale their work and impact.

Totem was selected by Solve’s expert judges from a pool of over 1,500 applicants from over 120 countries and over 100 unique Indigenous communities. In this new class, 68% of Solver teams are women-led, 14 countries and seven American and Canadian Indigenous nations are represented, and 55% are for-profit organizations.

You can find out more about the winning teams and their solutions to the 2023 Global Challenges:

“It’s an honor to be recognized for our work creating a new tradition of Native wealth-building,” said Totem’s Founder & CEO, Amber Buker, an enrolled citizen of the Choctaw Nation of Oklahoma. “Totem is thrilled to become a part of this esteemed Solver community, and well-positioned to leverage MIT resources as we work to become the leading provider of banking and payments for Native American Tribes and their people.”

Over $1M in prize funding was awarded at Solve Challenge Finals to the 2023 Solver teams as well as select Solver teams from previous classes. Totem received $10,000 in non-dilutive capital through the program.

About Totem Technologies, Inc.

Totem is the only digital bank by and for Indigenous people. We partner with tribal governments and their enterprises to provide members with culturally relevant banking products, access to tribal benefits, and streamlined disbursements.