FinovateSpring 2011 / BancBox
Presenter Profile:
How they describe themselves: BancBox is a banking services provider for fintech startups, providing access to a range of banking and payment services through over 250 powerful APIs.
How they describe their product/innovation: BancBox is an API to the U.S. Banking system. Allowing easy opening of FDIC-insured deposit accounts and transmission of money through all major methods, BancBox helps bring consumer financial products to life quicker, faster, and cheaper. At FinovateSpring 2011, BancBox will debut its range of services to a new audience of innovators who can leverage banking services to create great consumer financial products for their customers.
Contacts:
Bus. Dev., Sales & Press: Sanj Goyle, sgoyle@nationalpayment.net
Website: www.bancbox.com
HQ Location: San Mateo, CA
Company Founded: 2002
Product Being Demoed: BancBox
Product Launched: May 2011
Metrics: $11 Million raised
- Key Executives
Steve Baus (CEO), Sanj Goyle (Chief Product Officer and General Manager), Praveer Kumar (VP Engineering and Operations), Bill Wilson (Director Product Marketing)
Key Stats
- Key Board Members
Charles Moldow
- Key Investors
Foundation Capital
- Key Partnerships
JPMorgan Chase, MasterCard RPPS, Experian