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Why would a big bank help startups win its customers?

Low-income Americans can sometimes feel invisible to startups and big banks, many of which focus on wealthier customers. Changing that is the focus of Financial Solutions Lab, an unusual joint project of JPMorgan Chase and the Center for Financial Services Innovation, a nonprofit….

Bee [is] one of the startups in the program.

Mark Garrison
Barefoot Innovation
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Fintech for Everyone: Vinay Patel and Max Gasner from Bee

One repeated theme is the company’s commitment to treating these customers with respect by providing a product that is obviously high-quality, right down to the thickness of the card, and providing a truly fantastic user experience on the app.

Jo Ann Barefoot
Wall Street Journal
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The Daily Startup: Bee Raises $4.6 Million to Deliver Banking Services

Bee offers account holders no minimum balance requirements, no overdraft fees, availability of funds within a half-hour from deposits made via check photo through its mobile app and cash withdrawals at any ATM, twice a month free.

Lora Kolodny
New York Business Journal
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Bee Card offers financial services for the working class

Bee Card's goal is to enable working-class folks to manage their money more effectively. To that end, it links a Visa debit card, enabling its customers to make purchases and send updates via their mobile for them to check balances, view transactions, and initiate remote check deposits.

Gary Stern
CB Insights
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Companies Targeting The Next Billion: 32 Startups Serving The Underserved

…tackling real problems that disenfranchised citizens and consumers face around the globe.

CB Insights
CHYP
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Financial inclusion and the power of little things

Vinay Patel, CEO and Co-founder of Bee Financial, says that during thousands of interviews with potential and existing customers, the start-up team realised that it is crucial to ease up the registration process and on-board people in a way that encourages certain financial behaviour in the future.

Salome Parulava
American Banker
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Mobile Prepaid Startup Goes, Well, Mobile

“It’s all about establishing trust,” said Vinay Patel, chief executive and co-founder of One Financial Holdings, the firm behind Bee. “People want to talk to other people.”

Mary Wisniewski
Xconomy
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Bee App Offers Mobile Banking for Underserved Communities

One Financial created a mobile app, rather than a web-based online banking site, for two reasons. More people, even in lower-income areas, have access to smartphones today, and desktop or laptop computers are less common, Patel says. Building the entire service on a mobile app allows the company to limit costs, savings that Bee can pass along to customers, he says.

David Holley
Blue Dun
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A Q&A with Bee

Vinay and the founding Bee team are brilliant, high energy entrepreneurs that have built a mobile first and online banking solution that crushes the traditional costs of retail banking branches. Bee’s innovative product and unique customer acquisition strategy enables the company to acquire customers for an order of magnitude less than traditional retail branches and for a fraction of the leading online players.

Bruce Taragin
Business of Apps
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Mobile finance startup Bee raises $4.6m in a pair of funding rounds

New York-based startup Bee wants to provide simple banking and debit card programs for mobile users, and is currently holding events around the city to encourage people to sign-up.

Andy Boxall
New York Business Journal
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One Financial’s Bee scores $4.6M in funding

Bee also allows customers to deposit and withdraw funds, scan and mail checks, as well as pay bills. According to the company, funds are insured by the FDIC.

Anthony Noto