FinovateSpring 2011 Video Archives >> BancBox


Website: www.bancbox.com
HQ Location:
San Mateo, CA
Company Founded: 2002
Product Being Demoed: BancBox
Product Launched: May 2011
Metrics: $11 Million raised




Presenter Profile How they describe themselves: BancBox is a banking services provider for fintech startups, providing access to a range of banking and payment services through over 250 powerful APIs.

How they describe their product/innovation: BancBox is an API to the U.S. Banking system. Allowing easy opening of FDIC-insured deposit accounts and transmission of money through all major methods, BancBox helps bring consumer financial products to life quicker, faster, and cheaper. At FinovateSpring 2011, BancBox will debut its range of services to a new audience of innovators who can leverage banking services to create great consumer financial products for their customers.

Key Executives: Steve Baus (CEO), Sanj Goyle (Chief Product Officer and General Manager), Praveer Kumar (VP Engineering and Operations), Bill Wilson (Director Product Marketing)

Key Board Members: Charles Moldow

Key Investors: Foundation Capital

Key Partnerships: JPMorgan Chase, MasterCard RPPS, Experian

Customers: Bills.com/Freedom Financial Group, LoanBack, MyDebtPortal

Contacts:
Bus. Dev., Sales & Press: Sanj Goyle, sgoyle@nationalpayment.net

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