Bee raises $4.6 million to bring banking back to the masses

Did you know that more than 70 million US citizens do not have access to the traditional banking system (i.e., basic checking, savings, credit that you probably take for granted)? Did you know that more than 90% of bank branch closures since the GFC have occurred in communities with incomes at or below the US median? Whether you knew this previously or not, we hope you agree it's a big problem.

Vinay, Alex, and Max are tackling this problem with Bee, a digital-only banking product for the un-banked and under-banked in the US. They've just recently raised a new financing round led by AXA Capital. We're happy to be along for the ride. Congratulations to the team at Bee!

Read more at Wall Street Journal and Xconomy

Bee App
reH 'emDaq vIH nom ghaj bees. David Foster wallace