Neema

Neema YC Application

Winter 2017Inactive

Neema went through Y Combinator in the Winter 2017 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch
Winter 2017
Industry
FintechConsumer Finance
Team size
2
Status
Inactive
Launched
2016

Founders

  • Barak Ben Ezer
    Barak Ben EzerFounder

What Neema does

Neema is an app that helps people manage their money as well as send money to other people. Neema is a financial solution for 70 million underbanked Americans. Users download their app, which is a digital wallet, where they can cash their own pay check, send money internationally to their families in 90 countries, and they also provide them with a debit card, which they can use in any store or ATM.

Neema's YC application, reconstructed

Y Combinator application

Neema, Winter 2017 batch. The real form questions, answered from public data.

  1. Founders2
  2. Company7
  3. Progress7
  4. Idea4
  5. Equity3
  6. Curious2
  7. Batch Preference1

Company

Company name

Neema

Describe what your company does in 50 characters or less.

App providing checking and sending money for unbanked workers

What is your company going to make? Please describe your product and what it does or will do.

We built a digital wallet app for underbanked workers in the U.S. It lets users cash their paychecks, send money internationally to family in 90 countries, and use a debit card in stores and ATMs. It's designed specifically to handle the needs of unbanked Americans who struggle to manage day-to-day finances and send remittances affordably and conveniently.

Where do you live now, and where would the company be based after YC?

We live in Tel Aviv-Yafo, Israel, and the company would remain based here after YC.

Explain your decision regarding location.

We are from Tel Aviv and have good local access to talent and resources. Although our users are primarily in the U.S, we can operate our backend and product development remotely from Tel Aviv where we have our base.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

Frequently Asked Questions

Is this the real Neema YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Neema's public data (launch notes, founder backgrounds, product description). It shows how a company like Neema would present itself to YC, not the text they submitted.

What YC batch was Neema in?

Neema was part of the Y Combinator Winter 2017 batch.

Who founded Neema?

Neema was founded by Barak Ben Ezer.

What does Neema do?

Neema is an app for unbanked workers, which provides a checking…

How do I read the full reconstructed application?

Create a free Round Funded account. The full 26-answer version of Neema's application, and every other YC batch, is in YC Insights.

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