How they describe themselves: MoneyAmigo is truly founded on the simple notion of doing good for everyone in need of money services and in a fast, fair and friendly way, especially those of Hispanic and other ethnic backgrounds.
MoneyAmigo is delivering traditional banking products in an innovative and breakthrough manner: by developing straightforward services with no hidden or unnecessary fees, by creating a simple application that is interactive and in the language of their choice, and by delivering products that consumers want and nothing that they don’t.
The MoneyAmigo company is committed to the underserved markets and knows that ongoing innovation will be key to continually enhance their Money Experience.
How they describe their product/innovation: 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 and interactive app to manage their money needs in a straightforward and respectful manner. MoneyAmigo makes managing money fast, fair and friendly.
Product distribution strategy: Direct to Consumer (B2C), licensed