Oversimplyfing, which is your business strategy? Where to you expect the money to come from?

Accrew generates revenue from Net Interest Margin (a portion of interest from the deposits in users' accounts), Interchange (>1% of debit card transactions), ATM Fees (Out of Network), and Staking Pool Fees (a portion of staking rewards for users' DeFi accounts).

Hello, does any of the two key team members do any coding, or will you have to pay someone to do all the IT tasks?

Yes, we have an external technical advisor who was a senior developer (back-end) for Chicago's largest FinTech and lending company; alongside Accrew's dev team, LoadSys, here in Chicago.

The primary issue with big banks is that they invest money in unethical industries like fossil fuels without their customer's permission. Do you plan to invest in fossil fuels?

Accrew will not invest in the fossil fuel industry, instead, Accrew will invest in FDIC High-Yield Savings; essentially the prime rate. Furthermore, Accrew will provide a high-yield DeFi account invested in a cryptocurrency staking pool to bypass the banks and lend directly to consumers with a 120% collateralized loan within the cryptocurrency ecosystem.

I see that both founders don't have Accrew listed on your Linked in profiles. Can you please tell me why that is? It looks like you have only invested $8,579 of your own funds into the company. Is that correct? If so, that is not much "skin in the game". Are you committing not...

Accrew's founders are committed to working on the venture outside of their full-time jobs until the application is finished, which is scheduled for Q3 of this year. At this time, the CEO will work full-time to start selling the mobile application via social media influencers, podcasters, Youtubers, Twitchers, Redditors, etc. The Accrew team will not receive a Salary until Accrew receives outside funding from an Accelerator, Angel Investor, or VC. Aside from capital appreciation, Accrew will p...

what will be the lowest apr ? the problem alot of people have with banks is the savings account side tends to be %1 apy or lower. chime on the average provides me with a %2 apy but i have seen it go to %4 awhile back. the issue isnt that banks cant do it its that they profit i...

Great question, in the second iteration of the Accrew App, we will provide access to higher APYs through DeFi. Essentially, we are erasing the middle man (bank) from the equation and members can go directly to the market to get the best possible rate, directly from the person who originates the loan. This type of account is not FDIC insured, however, Accrew will collateralize the loan to at least 150% to eradicate any default risk. We hope our members will enjoy Accrew's better DeFi features,...

Accrew

The Member-Owned Mobile Bank, Empowering Users as Shareholders

accrewmoney.com

Chicago, IL

Technology Fintech & Finance Blockchain & Web3

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LEAD INVESTOR

Invested $4,000 this round + $4,000 previously

I invested in Accrew because I believe in their mission to simply evolve the way people bank. I specifically love the focus on how Accrew will empower the user through shareholder rewards. I am most impressed by Accrew's longterm vision to integrate all banking platforms by being able to manage all investments through one application. It is reassuring to know that each founder of Accrew has diverse experience and expertise specific the financial technology industry.

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