Ourbanc

Ourbanc

Mobile Banking that Improves Customer’s Financial Health

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Security Type
SAFE
Min Investment
$100
Location
Rehoboth, MA
Offering Date
June 28, 2021
Expected Close Date
September 26, 2021
Target Raise
$250.00K

Company Description

OurBanc evaluates financial health similarly to The Brookings Institute, Financial Health Network of America, and many others as the combination of income, spending, savings, and planning. Therefore, we have incorporated these metrics into OurBanc’s fundamental design to make it easy for customers to measure and manage their financial health as they see fit. (PFM available with this beta release, July 2021)

Mission: Enhance customer’s ability to improve their financial health by delivering a comprehensive solution to customers that offers personalized actionable insights and an easy way to track and manage what they spend, save, borrow, and plan through an equitable and transparent platform.

Key Deal Facts

Credit Union Philosophy – Engage community early and offer ownership and solutions inclusion.
Bootstrapped R&D, Design, & Beta launch of the Personal Financial Management tool.
Leadership comprised of 30+ years financial services experience, GE Capital, FED, Kiva, Whitehouse.
Strategic partnerships with industry leaders; Top payment network, US FPC, Fintech Equality Coalition.
Next-Gen tech enabled: AI & Data-driven approach for delivering personalized & actionable insights.
Community First: Transparent & Mission Driven, prioritizing customer’s financial health & profits.
Future Plans: Equitable transactional banking access, fairer lending, insurance products begin 11/21.

Use of Proceeds

  • Product Development
  • Legal & Admin
  • Founder Salaries
  • Platform Maintenance
  • Marketing

Management Team / Advisory Board Bios

David DWUMAH, Cofounder & CEO
David has 20 years of expertise in financial services. Serial Entrepreneur, Risk Mgt. Advocate, ex-Public Servant with the honor of providing oversight over the transformation financial services at the Fed & US Treasury, touching all our lives!

Aaron D Sims, Cofounder & CEO
Aaron has 20 years experience in financial services, 15 corporate finance, 5 finance advisory, & is a novice Full Stack Engineer & web developer. Lifelong philanthropist focusing on inner city issues - primarily education & financial literacy.
Amount Raised : $0
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Security Description

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