This post is part of our live coverage of FinovateSpring 2015.
MoneyAmigo showed how its serves underserved markets:
MoneyAmigo fuses a simple user experience with innovative and sophisticated “in-chat” peer-to-peer payments – crossing any boarder in 3 clicks, 3 seconds. By providing basic banking functionality—bank account, debit card, bill payment and direct deposit—for free, along with an innovative peer-to-peer payment platform, MoneyAmigo provides financial control for those who are un/underbanked. MoneyAmigo breaks the rules of traditional banking by providing users an easy-to-understand, interactive app to manage their money needs in a straightforward and respectful manner. MoneyAmigo makes managing money fast, fair and friendly.
MoneyAmigo presenter: Founder Kim Norland, CEO
Product Launch: May 2015
Metrics: $300,000 raised; 7-person dedicated team, lead by Kim Norland. Team part of design:success—international innovation firm.
Product distribution strategy: Direct to Consumer (B2C), licensed
HQ: Las Vegas, Nevada
Founded: January 2015
Website: moneyamigo.com
Twitter: @moneyamigo