# Qube Money

Digital Cash Envelope Banking—giving the control of spending back to the people.

## Elevator pitch
We're leading a financial revolution to help millions of individuals regain control of their spending and increase their financial freedom and wellbeing. After 40 years of money becoming increasingly digital, people have lost control. Qube is restoring that control through our proprietary technology. Full-suite banking, cash envelope budgeting, joint accounts, teen/kid cards, subscription controls... all in one "Super Finance App." Qube users save $440 per month on average after switching.

- Canonical URL: https://wefunder.com/qubemoney
- Entity ID: wefunder:company:92382
- Last updated: 2026-06-13T05:00:41Z
- Generated at: 2026-06-14T03:08:47Z

## Quick facts
- 🥇 #1 budgeting app of 2021—Real Simple Smart Money Awards.
- 🚀 35k+ downloads and averaging 80 new customers per day.
- 💵 $16.48 customer acquisition cost (CAC). $92.88 annual average revenue per account (ARPA).
- ❤️ $440/month (avg) in savings per customer when credit card spending is replaced with Qube Money.
- 🏆 200 influencer partners, including The College Investor, The Busy Budgeter, and Lauren Greutman.
- 😆 15X revenue multiplier (base) in the exploding Fintech industry!
- 💪$8.1M raised to date with 67 accredited investors.
- ✉️ 10M people have tried cash envelope budgeting.

## Active fundraises
- wefunder:fundraise:48205: 4(a)(6) successful (USD)
- wefunder:fundraise:48454: 4(a)(6) successful (USD)

## Story
My Fellow Qubers,This is Shane, Co-founder of Qube Money. 👋Today I’m excited to give you an update on Qube Money’s exciting progress and invite you to become part of a historic crowdfunding effort that will revolutionize the world.(FYI: If you're an accredited investor, feel free to email me at shane@qubemoney.com.)First, I’ll review the investor quick facts and recap the past few years. Then I'll share the explosive growth we're experiencing right now! 🚀Quick Investor Facts😟 The Problem We're Solving3 out of 4 adults list money as their biggest cause of stress. The world’s digital financial system removes intention and awareness from spending. In the relentless pursuit of easier and faster, spending has become so mindless, people don’t even know where their money goes anymore. The U.S. consumer debt balance increased by over $1.1 Trillion in 2021 (the most ever 🤯). After-the-fact budgeting apps don’t work!The Financial Coaching industry doesn't have a banking solution that supports what they teach. They also don't have an easy way to track their clients' financial health or progress. Doing so requires significant time to dig into bank accounts, categorize transactions, and compare actual spending to their budget.🏦 The SolutionThe simple answer is that the world desperately needs a change, and Qube Money is poised to be one of the defining catalysts of our age to make it happen.Digital cash envelope banking. Qube Money is a digital bank where users bank and spend money from their budget, giving them real-time awareness and control of their money without the hassle of tracking expenses and managing spreadsheets. Cash Envelope Budgeting is the most successful budgeting system in history, but it is hard in our ever-increasing cashless society. Qube Money brings cash envelope budgeting into the digital age.Because Qube Money is the bank and the budget, Financial Coaches now have a bank that aligns with what they teach. In addition, their clients who adopt Qube Money can give their coaches view-only access to see their real-time spending analytics.💵 Amount Raised To-Date$8.2M⚖️ Breakeven10,000 paid users🔥 Monthly Burn$190,000🚀 Traction2,100 paid users80 new accounts per dayRanked the #1 Budgeting App of 2021 by Real Simple Smart Money Awards $50,000 per month of recurring revenue.🏢 The Business Model3 revenue verticals:Interchange: 1.13% of the transaction fee every time a Qube Debit Card is swiped. (The merchant pays VISA this fee and Visa shares it with Qube Money.)Account fees: $8/month for the Premium Account and $15/month for the Family Account (coming soon)Coaches Dashboard: $29-129/month (coming soon)📢 The Marketing Plan200+ marketing partnerships. Companies and financial bloggers, coaches, and advisors, including The Busy Budgeter, The College Investor, and Lauren Greutman. 8.9 out of 10 net promoter score (how willing our users are to share the app with others).📈 The Market PotentialFinancial health banking: $30 billion in annual revenueFinancial Coaching SAAS: $10 million in annual revenue (coaches connect financially conscious people to Qube Money and create adoption of the app)Our Story:💰 The Banking System That Puts People in ControlQube Money completely revolutionizes today's banking experience. Instead of spending and then trying to keep track of your money after the fact, you're spending directly from your budget, so you're always in control.💔 The MomentIt all started with a couple who told our other co-founder, Ryan, that the next 10 years for them, financially, had to be different from the last. Nine months after Ryan spent much blood, sweat, and tears trying to help them as their financial coach, they were divorced.When Ryan heard the news about their divorce, he was devastated! He had grown to love this couple and their family. He felt like he had failed them. Deep down he knew he hadn’t. The digital financial system within which we all live failed them. Modern payment technologies make spending so easy, the masses are spending their way into financial ruin.This couple had been making over $250,000 a year in the Texas oil industry for over a decade. They had two beautiful children, a gorgeous home, sleek cars, all the toys, and box seats to their favorite sporting events, but very little in retirement savings. They came to Ryan as a referral from a friend, pleading to him for help.Ryan spent hours helping them create a budget, build a spending system, and track their progress. Despite this, within months their zeal faded, and they returned to using credit cards. Shortly thereafter they filed for divorce. When Ryan was in high school, his parents divorced, largely because of money. It was one of the toughest points in his life. His parents' divorce was the reason he has dedicated his life to helping others with their finances. Ryan called a friend who was a payment processing developer and invited him to lunch, to discuss the possibility of digitizing the cash envelope method of spending. Cash envelope budgeting was the only system he knew which successfully changed spending behavior, because they were spending directly from their budget. But few stuck to it long-term because paying with cash and carrying around a bunch of cash envelopes isn’t practical in today’s world.The lunch meeting turned into a three-hour digital cash envelope product development meeting. And thus, the idea for Qube Money was born.🎬 The BeginningIn August 2019 we announced our plans to create Qube Money—Digital Cash Envelope Banking. By the end of 2019, we'd raised $2M from amazing, mission-driven investors and we went to work.Financial technology giant Galileo expressed an interest in partnering with us to build digital cash envelope banking. They introduced us to Joyce Mehlman, former COO of Bancorp. While at Bancorp, Joyce helped start Fintech icons Chime, Moven, and Varo. She and her team, iLex Group, became our compliance team. 🤩🏢 The Foundation2020 was spent contracting with strategic partners and developing digital cash envelope banking.In April 2020, the U.S. Copyright Office issued us a systems and process patent for digital cash envelopes. 🙌Joyce connected us with Visa as our card partner, and Choice Financial Group as our bank partner. Hipo Labs, the company that built Robinhood, Keen Home, and IcebreakerAR, developed our proprietary spending methodology.Joyce Mehlman and Taylan Pence (CEO of Hipo Labs) are both individual investors. (Goosebumps.) They’re amazing!By the end of 2020, real-time digital cash envelope banking was working. 🎊👨‍👩‍👧‍👦 The Customer Experience2021 was all about nailing an incredible customer experience. Let’s be honest, the best form of advertising is an AMAZING PRODUCT!Our customers (you!) are everything to us. We heard your feedback via customer focus groups, interviews, observation, surveys, open forum customer feedback tools, and chat. Thousands of hours have gone into creating exactly what will help you get your money to behave - for good!We will not rest until spending with purpose is as easy as breathing.Although we weren't focused on growth in 2021, we saw consistent month-over-month growth in revenue.🤓 The ImpactThroughout beta testing, we measured the impact we’re having on individuals’ finances. Shortly after people joined, we sent a survey to ask them how they budgeted and managed their finances before joining us. We sent another survey six months later to measure our impact. So far, 581 people have completed the first survey and 38 users have completed the second survey. I know the sample size is small so far, but the feedback has been invaluable. Qube saves users between $4000 and $470 per month. Overall, our users saw a 415% increase in savings. 📈We can confidently say that Qube Money helps users decrease spending on unplanned purchases by $197 - $289 per month. Overall, we saw a 21% decrease in spending on unplanned purchases. 📉50% of people who use Qube reported going from "not good at sticking to a budget," to saying "yes, I am good at sticking to a budget now."Qube Money decreases money stress by 14.5%.Recently, I made a vow to our Qubers (Our Qube-Users 😉): Every single morning, I start my day reading a page of notes from our early adopters about why they came to Qube Money. So far, EVERY. SINGLE. MORNING I get tears in my eyes, as I’m so moved by the impact Qube Money is having in people’s lives. 🥰😭Here’s a sample of the notes I read this morning:The most important benefit of Qube Money is how it changes the way people feel about money. The benefits we hear over and over are confidence, control, peace of mind, financial harmony, the satisfaction of following a plan, and excitement of saving for and reaching financial goals. Qube Money is a total game changer!In our Facebook group, on October 1, 2021, someone asked if Qube Money was "worth it," and here is how our community responded:And we're just getting started!If you can’t tell, we’re ALL-IN committed to creating a banking system that makes spending and saving with purpose a seamless part of your everyday life, so you can experience more joy, peace, and impact with your money. At our very core, we want to empower you to live the life you want and bless the lives of those who matter most to you.Thanks to your feedback, we’ve added new Spending, Bills, Overview, Funding, and Notification Screens with an absolutely gorgeous user interface. We built automated budget tracking on the Activity Screens for real-time user awareness. Joint Accounts have been tested with companion cards and partner notifications. Qubeless was launched, so users can continue to use their card even if their phone dies, or they're in a poor cell service area (don't worry, this won't break your budget).Now, we’re starting to scale. 🚀 Traction2022 is poised for tremendous growth.We’ve attracted over 200 affiliate partnerships in the budgeting niche including The College Investor, The Busy Budgeter, and Well Kept Wallet. We sponsor FinCon (the largest event for financial influencers in the world) every year. This is where we met Rosemarie Groner, The Busy Budgeter. June 2021, she held a webinar for a portion of her audience to promote Qube Money. From that one webinar and two follow up emails, she brought in over 900 accounts alone. Rosemarie's first webinar was a trial to see how well Qube Money's servers could handle the growth. We needed to make some changes, and we did. As of February 2022, Rosemarie has fully partnered with Qube Money to build marketing funnels for her audience. We have an agreement in place to duplicate these funnels with other financial health influencers she knows. This partnership has amazing promise, and we are so excited for it!Another TV icon and financial health expert, Lauren Greutman, is also a huge fan. (The feeling is mutual!) She promoted Qube Money on the Rachael Ray Show on February 2, 2022.The show brought 5,246 people to our website, 1,206 started the account creation process and joined our email database, and 483 people became account holders.We are working with Lauren to do 2-3 media appearances per month. With numbers like the Rachael Ray Show, this will double our new accounts per day.We’re kind of on fire! 🔥🚀 Join UsWe were going to continue to raise money through mission-driven accredited investors and then we thought…Why not allow you the opportunity to invest? You, the community we are so passionate about serving, who have believed in us from the beginning, and have been our greatest supporters?Now's the time! You can join our movement as investors, for as little as $100. Imagine the massive momentum we can build, together! 🤯✉️ Real Digital Cash Envelope BudgetingWhen spending is under control, debt elimination and savings happen naturally.Just like cash envelopes, Qube helps organize your money into digital envelopes we call "qubes". You can have a qube for anything you spend money on - groceries, fuel, entertainment, Netflix, car repairs, Christmas, family trip, etc. When you're ready to spend, you simply open your app and tap the balance of the qube you want to spend from. Instantly, the balance of that qube is available on your Qube Card and you're ready to use it like any other VISA card.  By looking at your budget before you spend, you make better decisions. And because the money was spent from your budget, that money is gone. You never have to reconcile your spending with your budget again. It's automatic, real-time awareness. All other proclaimed envelope budgeting apps are ‘after-the-fact’ tracking apps. None of them have the power to get in front of the purchase like Qube does. This is the secret to financial behavior change, and no one does it better.♟ Game-Changing FeaturesYou would need to download seven different apps to access all the features Qube Money has to offer. You get the same core functionality of a bank with so much more.And we’re just beginning to scratch the surface. 🏦 The Best in Mobile BankingEnjoy early payday. The day your employer processes your paycheck is the day your money gets deposited into your Qube Money account, usually up to 2 days early.Qube Money is a financial technology company—not a bank. Banking services are provided by Choice Financial Group, member FDIC.💕 Joint Accounts Improve RelationshipsOther apps tell you what you’ve done in the past, but aren’t great at helping couples work together or prepare for the future. Two cards, two phones, and two people are connected in one amazing plan. Qube Money transforms the environment of your money, so making decisions together in the moment and maintaining a shared vision for the future is possible. Accurate, real-time updates create awareness, transparency, and better communication about money.Money is the #1 cause of divorce. We want to decrease the divorce rate by 1% and are passionate about improving partner and family relationships. Qube money helps improve financial communication in relationships. Period.🔒 Default Zero Tech Makes the Qube Card the Safest on the PlanetThe Qube Money Visa debit card has a default $0 balance. AKA, your card has $0 on it until you open a qube. This means you’re the only one who can spend from it. If it’s lost or stolen, hackers would also have to hack your mobile device AND your Qube App to open a qube in order to steal your money. No other card gives you the same level of privacy and control. We offer multiple layers of security to ensure your money and account are safe.Here’s what one user said after a hacker tried to use her card info:“This morning some criminal tried to buy an Apple Watch on Walmart+ with my Qube card. But it declined. Ha...Ha...Ha...I have not found a single reason why Qube isn’t the bank of the future. Thank you to this amazing team, that I’m sure will save people $$$$ and tons of headaches. Thank you Qube Money, for giving people big-time peace of mind!"❌ Subscription Controls Let You Decide Who Gets PaidWhat if you could turn off automatic payments from your bank? Now you can. Qube’s subscription controls help users allocate money for and manage their automatic payments. Qube doesn't process payments if there isn't a qube open, or aren't enough funds in the qube. It's a great way to avoid overdrafts, charges, and free trial subscriptions you forgot to cancel.The ability to cancel a pending payment in the app is also a game-changer compared to other subscription control apps that will negotiate payments and call in on your behalf. This is just another way we're putting the control back into your hands.🗺 What's on the Roadmap?*This road map is based on our ability to raise $4.5M.  Here’s a sneak peek of what’s to come! I can't wait for Family features (with Kid cards!), Automated Debt Elimination, Card Rewards, and High-yield Savings. What's on your wishlist?Are you a small business owner who could use Qube to manage your expenses? Or are you an investor, who wants an easy way to save funds to invest in the markets?Here's the cool thing - as an early adopter, you can be part of making history. If you can dream it, we can create it!Click here to create a Qube Money bank account today!📈 Market PotentialThere are 269M Americans aged 18 and above. According to 2018 U.S. Labor Statistics, the average American household spends approximately $2,000/month on credit cards. The potential annual bank interchange revenue from these purchases is $89.7B. Interchange is the fee businesses pay to credit card companies for the ability to accept debit/credit cards as payment. The bank card partner shares in this revenue.45M people in the United States have a budgeting app on their phone. At least 10M have tried cash envelope budgeting. Is there any question that people are looking for easy ways to get their money to behave?🏢 Business ModelMany budgeting and personal finance apps and banks have tried to do this in the past, but haven’t been able to scale significantly. So, what makes Qube Money different?No other personal finance technology has brought the bank and the budget together, allowing people to spend from their budget in real-time. And no other technology empowers consumers to activate their money before they make a purchase. This is the secret sauce that changes behavior - the value financially conscious people are looking for. It is the magic that entices them to replace their credit card spending with Qube Card spending.And when our users choose their Qube Card, we earn interchange revenue.Interchange revenue comes from the fees retailers pay to the card companies (Visa and Mastercard) for the ability to take card payments. Every time one of our customers processes their Qube Card, we make 1.13% in Interchange revenue.Qube Money earns additional money from account fees. We have a free version of the app to compete with Varo and Chime. We also have a Premium account for $8 per month and a Family account for $15 per month. The only way to sufficiently monetize budgeting apps (YNAB, Ramsey+, Mvelopes) and Teen/Kid Cards (Greenlight, Current, Famzoo) is through fees, so financially conscious people are accustomed to paying for these features. So, why can't we? And we'll do it better!Lastly, there are over 4,000 Financial Coaches looking for a bank that facilitates what they teach. Tracking spending is a nightmare! So, what if Qube Money enabled its customers to authorize view-only access to statements and spending reports for their coach? 🤓Coming soon, Qube Money will have a Coach's Dashboard which will give coaches real-time access to their clients' budgets and spending data. Coaches will pay a subscription to Qube Money between $29-$129 per month, depending on how many clients they have on our platform.🥳 Join the Financial Revolution!The potential of the future is incredible!  Money is fundamental to every part of life. When you get your spending and savings focused on what really matters to you CONSISTENTLY, you will build the power to create incredible impact to those you love most.When you have this level of focused budgeting, you are empowered to spend on what’s important now, while knowing you're saving for your future as well. You'll experience true abundance, when your use of money aligns with your life's purpose.I can’t begin to tell you how fiercely committed we are to helping you experience this level of fulfillment. It's not a goal. It's a state of being.We believe everyone is capable of achieving it. That's why we include a personal finance education course and Financial Coaching in our offerings.Together we have the opportunity to change the course of modern banking.With Love, Ambition, and Courage I say… QUBERS UNITE!!! 💪Let’s do this.Together.Today.Invest and grow with us.Are you in?Investor Pitch DeckHow do Convertible Notes Work?

## FAQ
1. **Hi, are you all planning on remaining an LLC for tax purposes, and do you expect to be profitable any time soon?**
   - We are converting to a Delaware C-corp January 1, 2022. We expect to break even by the end of 2022 and achieve profitability in 2023.
2. **1) The Qube Master scope isn't included in the investment scope? Can you confirm?**
   - That is correct.
3. **2) Any view on the September results? You were announcing an expected 60k revenue**
   - Our revenue was $58,022 for September.
4. **$76M valuation is insanely high. What make Qube different from it competitors like Envel, Jelli and many more.**
   - Envel and Jelli provide traditional banking systems with some integrated budgeting tools like Simple, One Finance, and others. Qube Money invented a whole new method of banking. This method of banking enables the consumer to authorize every transaction coming from her/his bank account in real time. Our technology eliminates fraud, unwanted purchase, and unintentional purchases. Let me explain. Depending on the users preference, the Qube Card is not connected to any money until the user is rea...
5. **Pls explain why: Ιn the confirmation email writes 20% discount and 8% interest In the Subscription agreement writes 30% discount and no % of interest**
   - Good question. I'll forward this to Wefunder. Sounds like they have a glitch in their tech. I checked with Wefunder and there was a glitch in their email automation. All those who invested on the early bird terms received the 30% discount and 10% interest.

## Team
- Jay Anderton (President & CEO)
- Shane Walker (Founder, CRO, & Executive VP)
- RYAN CLARK (Founder)
- Sarib Mahmood (CPO)
- Marc Smith (CTO)

## Q&A
- Q: $76M valuation is insanely high. What make Qube different from it competitors like Envel, Jelli and many more.
  - A: Envel and Jelli provide traditional banking systems with some integrated budgeting tools like Simple, One Finance, and others. Qube Money invented a whole new method of banking. This method of banking enables the consumer to authorize every transaction coming from her/his bank account in real time. Our technology eliminates fraud, unwanted purchase, and unintentional purchases. Let me explain. Depending on the users preference, the Qube Card is not connected to any money until the user is ready to spend. Their bank account is closed. When the user is ready to spend, they open their app and taps the budget category they want to spend from. This opens their bank account to transact. Instantly the money from that budget category is available on the card. After the purchase is made, again instantly, the card is returned to default zero (their bank account is again closed to transact), the transaction is ledgered, and the budget balance is updated to reflect the purchase. This style of banking makes the budget real and effective just like cash envelopes, the most successful budgeting system ever created. But it is all digital. This style of banking also adds a whole new level of security not previously available to society. We were invited to an event where the Managing Director of Fraud at one of the major banks (top 15 in the U.S.) shared that 5% of the world revenue is a result of fraud. He also projected that because of the rising trend in fraud, over the next 5 to 7 years the banking world will be required to convert from the existing open system (where an entity with a person's account number and routing number/card information can draw money) to a closed system (where the end user will authorize each transactions in real time). Our eyes widened. When we demoed our technology to the bank, they excitedly confirmed that what we've created is the banking technology of the future. Like Divvy, we have a disruptive technology that warrants a large premium in valuation. In addition, our technology reduces unintentional spending by $440 per month on average. For financially conscious consumers, $440 is significantly more than the money they earn from high reward credit cards (when people replace credit card spending with Qube Card spending they save 10X to 20X more money than the value of the points they earn by using a credit card: https://www.valuepenguin.com/credit-cards/credit-card-spending-studies and https://www.forbes.com/sites/billhardekopf/2018/07/16/do-people-really-spend-more-with-credit-cards/?sh=3457121d1c19). Consequently, they are willing to replace their credit card spending with Qube Card spending. While other fintech banks struggle to get their account holders to use their debit card, Qube Money does not resulting in soaring interchange revenue. ProActive Spending method results in provides the value financially conscious people are looking for in a budgeting system. Third, the combination of banking, budgeting, education, and coaching creates the complete solution and unites the financial health industry to successfully attract and adopt financially conscious consumers. Finally, the market has validated our value. Our most recent equity raise that closed December 2020 completed at a $40.5M valuation. We turned away a group of investors because we didn't have any more shares for sale. A couple months ago, we sold some common shares (no longer needed to attract key employees) at a $53M valuation to a new and an existing accredited investors. Last week we were on "The Most Raised This Week" list on Wefunder. We will help millions of people break the paycheck to paycheck cycle, eliminate debt, and experience more peace, joy, and impact with money. So...I guess it is up to you to determine our value.
- Q: So what exactly ARE your "EARLY BIRD TERMS"? Please advise. Thanks so much. Blessings Oh and ps you really need to answer questions submitted, otherwise it looks like you are avoiding the issues... :-(
  - A: I'm sorry I'm so slow to respond. I didn't know that this area of our platform existed. The Early Bird terms are: - 10% APR - 5-year note - 30% conversion discount - The notes will automatically convert at $1M in new equity raised - $76M Valuation Cap
- Q: Pls explain why: Ιn the confirmation email writes 20% discount and 8% interest In the Subscription agreement writes 30% discount and no % of interest
  - A: Good question. I'll forward this to Wefunder. Sounds like they have a glitch in their tech. I checked with Wefunder and there was a glitch in their email automation. All those who invested on the early bird terms received the 30% discount and 10% interest.
- Q: What's the ultimate plan for your business. I am a One Finance refugee. They had a great business model that solved a lot of my wife's and Is budgeting woes with the ability to create pockets and assign our card to those pockets. They even had shared pockets where we could spend out of the same pocket without a premium subscription. They are getting rid of those features and I think it has a lot to do with the fact that they got acquired by Walmart. My worry with investing in another fintech like One Finance or Envel is that eventually you'd do the same and those bigger companies will end up removing those features that drew the base in the first place and we end up being refugees again. Are you planning to go public and get acquired? If so how can I ensure the whole Qube and assigning cards to Qubes and sharing those Qubes will not go away?
  - A: Hi Zach. I totally get it. The companies you're referencing are interchange only models. Meaning their only source of revenue is the interchange from transactions. Trust me, this isn't a viable business model. So, their only option is to scale fast and then sale to a larger company. We are building a viable business model so that we can have a feature rich platform for our users that will be around for the long haul.
- Q: Will Qube Money ever deny a member from using the network and thus accessing their funds? I ask given other payment service companies and financial institutions are taking this approach with their customers, for various reasons.
  - A: Hi Chris, I'm sorry I'm slow answering your question. If there is fraud suspected, according to bank regulations we are required to freeze the funds until adequate proof is obtained to ensure the money is legitimate. Our mission is to help people break the paycheck-to-paycheck cycle, eliminate debt, and experience more peace, joy, and impact with money. We do not want to freeze people's money unless they are stilling it from others.
- Q: 2) Any view on the September results? You were announcing an expected 60k revenue
  - A: Our revenue was $58,022 for September.
- Q: 1) The Qube Master scope isn't included in the investment scope? Can you confirm?
  - A: That is correct.
- Q: Hi, are you all planning on remaining an LLC for tax purposes, and do you expect to be profitable any time soon?
  - A: We are converting to a Delaware C-corp January 1, 2022. We expect to break even by the end of 2022 and achieve profitability in 2023.
- Q: I am looking for a long term envelope banking system, and I really love (as well as appreciate) the preemptive security this platform provides customers. However, I'm both a former Simple customer and now a soon to be former One Finance customer. I have obviously been burned a lot lately by promising banks. I find this bank, with all the perfect features, only to find out a year or two later that features are no longer being supported, or the entire bank, in Simple's case, is being closed/transitioned to the parent/partner bank. I understand Qube has been doing business since 2015, but without some basic features like mobile check deposit, or any type of deposit aside from external transfer, it seems as though Qube has been slow to grow. What reassurances can you give me that Qube is different from these other startup and sell or fold banks? I really want a "forever bank," or at least one I won't have to worry about ditching or ditching me in a few years. Investing for me is a long term commitment.
  - A: Hi Jenna, I must not have pressed send yesterday. Both One Finance and Simple had an interchange only revenue model. Meaning the only way the made money was from transaction fees. From what I see in the industry, this isn't a sustainable business model. So, their goal is to scale quickly and sale to a larger company. The larger company understand profitability, so they strip out the expensive features you love. Qube Money is building a sustainable business model with account fees, so our customer can enjoy our features for the long haul. But, building a business is extremely expensive and comes with a lot of risks. We see a bright future ahead.
- Q: I’m sorry I missed this! I would love to invest in Qube Money, it’s a brilliant platform (I’ve only recently started using it but I’ve been following since the start). Are there any more opportunities to invest, similar to this one?
  - A: Hi John, sorry I'm so slow responding. We have an amazing opportunity to invest right now. Email me at shane@qubemoney.com.
- Q: I'm sorry, I don't see the terms for investment on this site. Is there a breakdown of what I receive as a result of investing?
  - A: Hi Kimberley. I know this is way overdue. Once our round closed I quit paying attention to our Wefunder chat board. Let me know if you still need anything.
- Q: Hello, Very interesting company. I have a number of questions: 1. Do I understand correctly that your patent prevents any existing banks currently offering checking accounts to their clients to copy your system? There is the budgeting into different “envelopes”, activating specific envelope, and real-time pre-authorization. Which component can/can’t they copy? 2. Considering that you’ve mentioned that real-time pre-authorized transactions are the future in fraud prevention it seems banks are already planning to implement similar systems - will they need to license this from you? 3. Is the physical card required for payment or can payment be made directly with phone, similar to ApplePay or Google Pay? Is integration with these services an option? 4. If physical card is not required for payment then the anti-fraud benefit is diluted because the phone and the card function together similar to a two factor authentication. Correct? 5. Are you concerned at all that the extra friction required with cash envelop system will cause a lot of attrition over time? What are your attrition numbers so far? 6. Presumably the system works identically for online purchases? An “envelope” is activated and then online order is placed. Is this correct? 7. Can you please explain the capital withdrawals? Especially the ones in the 6 months ending Dec 31, 2020. 8. What is the structure of the partnership with Choice Financial Group?
  - A: Hi Georgiy, 1. Our patent covers the actions of activating the envelope with the card for a limited time and then deactivating it. So that covers activating a specific envelope and real-time authorization. 2. There are no absolutes in the patent world, but if someone uses our method, we would defend it through legal measures. If we successfully defend it, they would be required to license it from us. 3. Yes. Qube Card is a Visa debit card that can be connected to ApplePay, Google Pay, Android Pay… 4. I don’t know if I’m understanding your questions correctly, but regardless of whether the physical card or virtual card is used, there’s no money on the card until a person taps the balance of one of their qubes to open the qube inside the Qube Money app. So, if someone were to access a user’s money, they’d have to go through the security measures of the device and the security measures of the Qube Money App. 5. The friction is the very thing our users are looking for. Nothing else has worked for them. There are over 13 million people who listen to influencers and coaches that teach cash envelopes as a means of disciplining their money. But using cash is hard in a nearly cashless society. Our current banking environment and swipe & go monetary system facilitates over spending. Money is unorganized and virtual. Easy credit access for the masses. Rewards for spending. Financial abstraction for the masses coupled with ever easier spending technologies has created generations of people who don’t know where their money goes. That is why the U.S. consumer credit card debt increased by $17B in the third quarter of 2021. That is why the U.S. consumer debt balance increased by over $1 Trillion in 2021. The truth is, the easier it is to spend, the more of your money someone else gets. As a society, if we continue to remove friction from spending, the end of the story is already written. Scientific research shows that by nature, humans aren’t disciplined or motivated. One of the leading experts on behavior change, James Clear, said in his book, Atomic Habits, “Environment is the invisible hand that guides human behavior.” Successful people structure their environment to make the right behavior easy and more satisfying. Qube Money organizes money and makes it feel real. The user also receives instant feedback from their spending choices in relation to their plan making the right choices more satisfying and the wrong choices more unsatisfying. James Clear also said, “You do not rise to the level of your goals. You fall to the level of your systems.” Cash envelope budgeting is the most successful budgeting system ever created. Qube Money just gave it a 21 century facelift. As you’re aware…our world needs financially independent people today more than ever before. Financial health is core to individual freedom. We’re not just recovering from the effects of a global pandemic with COVID-19. We have global pandemics of DEPRESSION and ANXIETY—of chronic diseases like CANCER and DIABETES. We have global pandemics of POLITICAL POLARIZATION and SOCIAL INJUSTICE. Household economics is at the heart of these overarching issues. Change your bank and change your card and we’ll change your life. Now, in answer to your question, since we’ve been working to really perfect the user experience, we don’t know what our attrition rate is yet. We don’t know what percent of people are falling off because of poor user experiences and what percent are falling off because of the friction our system creates. Very few people are cancelling their accounts. When they do they blame it on issues with our technology. I’ll post an exciting update to our Wefunder profile next week that will address the major technology issues. The good news is we have thousands of raving fans! The financial coaching community has all eyes on our ability to give them customer authorized access to view their clients spending trends in relation to their budget in real time. 6. Yes. 7. One, Qube Money was an LLC and many of our employees own shares. So, their pay is in the form of capital withdrawals. Two, Qube Money completed its most recent equity raise in December, 2020. There were more prospective investors who wanted shares than there were shares. So, a few shareholders exercised their right to sell their shares. Combined, the units sold amounted to approximately $250K. 8. We have a Master Program Agreement for five years with Choice Bank. There are automatic renewals of three year extensions unless noticed otherwise. The agreement makes them our Sponsor Bank and with us managing our financial services program through a processor.
- Q: I see you offer a convertible note, I know it converts to equity but I not see anything on how much (how many shares at what value per share?)
  - A: The notes will convert to shares at a 30% discount on the market price of the shares at the time of the conversion, or at a $76M company valuation, which ever is less. The share price will be determined by taking the value of the company (negotiated between Qube Money and the incoming lead investor with the help of legal and accounting teams) divided by the number of shares. The number of shares and the value of those shares are unknown at this stage of business.
- Q: I'd love to see an update from Qube on how things are going, how the funding round went, and what we should expect to see with those funds over the next year. I also haven't heard anything regarding reward fulfillment (lifetime product, t-shirt, etc)
  - A: Tyler, did you get the email about the investor meeting tomorrow night? Also, we've already fulfilled the rewards. Please reach out to me at Shane@qubemoney.com, so we can take care of you.
- Q: (1) What's the maximum you're planning to raise in this round of CF? (2) When do you plan to close this round?
  - A: I'm sorry I've been slow to respond. We are raising $6M. In tandem with our crowdfunding raise through Wefunder, we have continued to raise money through our contacts (accredited investors) outside of Wefunder. To date, we've raise just under $2.4M. Our goal is to close this raise by December 31, 2021.