Application YC di Cheddar

Summer 2014Inactive

Cheddar ha partecipato a Y Combinator nel batch Summer 2014 come azienda Fintech. Sotto: cosa fa l'azienda, chi l'ha fondata e la sua application a YC, ricostruita domanda per domanda nel form reale di YC.

Batch YC: Summer 2014
Settore: FintechBanking and Exchange
Dimensione team: 2
Stato: Inactive
Lanciata: 2014

Founder

Alex FryerFounder/CEO
Brian BrunnerFounder

Cosa fa Cheddar

Ditch your bare-bones, high-fee checking account. You deserve free and powerful everyday banking. Nearly 3 out of 4 millennials would rather go to the dentist than listen to their bank. While it's possible that we just really love our oral hygiene, it's more likely that we don't trust or like our banks. It's not hard to understand why. Big banks use big budgets and armies of salespeople and marketers to sell old-school products layered with fees and penalties. Their profits increase when we spend more, overuse debt, and make mistakes like overdrafting. Big banks get away with this because banking is such a vital service. Everyday spending and saving decisions that begin at the checking account ultimately determine whether we'll lead a healthy and secure financial life. What can be done? Bill Gates believes banks aren't necessary for banking. Millennials believe technology companies can make banking better. So let's build a better bank. Cheddar is a new mobile bank account, debit card, and business model to free the world from underpowered checking accounts and evil banks.

Application YC di Cheddar, ricostruita

Domanda per Y Combinator

Cheddar, batch Summer 2014. Le vere domande del form, risposte da dati pubblici.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Cheddar

Describe what your company does in 50 characters or less.

The Best Mobile Checking Account

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

We are building a mobile bank account with a debit card designed for millennials who hate traditional banks. Our product offers a free alternative to checking accounts loaded with fees and penalties. It helps people take control of their everyday spending and saving without the usual traps big banks set.

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

We do not have a fixed location now, and plan to base the company wherever makes the most sense after YC.

Explain your decision regarding location.

We want to stay flexible given the small size of our founding team and the early stage of the product, focusing on testing and customer acquisition wherever possible.

21 risposte in più nell'application completa

Founders, Progress, Idea, Equity, Curious, Batch Preference sono nella versione completa. Crea un account gratuito per aprirla in YC Insights, accanto a ogni altro batch YC.

Vedi domanda completa

Domande Frequenti

Questa è l'application YC reale di Cheddar?

No. Y Combinator mantiene private le application inviate. Questa è una ricostruzione: le domande del form YC reale, a cui si è risposto usando i dati pubblici di Cheddar (note di lancio, background dei founder, descrizione del prodotto). Mostra come un'azienda come Cheddar si presenterebbe a YC, non il testo che hanno inviato.