- ?? Consumer app launched and grown to 500+ users on less than $125k of burn
- ?? Allows money movement to any checking, savings, investment brokerage, and retirement account
- ?? In discussions with multiple local banks and credit unions about licensing Investii’s app
- ? Developed a proprietary algorithm assessing credit risk through savings behaviors and cash flow
Investii offers regional banks and credit unions the mobile app and behavioral savings data to compete with megabanks and fintechs. We built a consumer app to help users establish healthy savings habits and create wealth, but quickly realized our tech allows smaller banks to better serve their customers. Our app is available for download, but we are entering the market as a B2B SaaS platform. Our partners can license and customize our app to offer a world-class mobile experience.
We want to be powering the mobile front-end of 40% of regional banks and credit unions nationwide. These institutions primarily use the app templates provided by their core banking provider, so there is a massive opportunity to quickly scale by showing the value of a competitive mobile experience. Since we began as a consumer app and are not scrapping the product, there is the potential to re-enter that space down the line when we have the means to acquire users more cost effectively.