Sequin Financial
VerifiedUSD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 67 % | - |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor | $0.0 | round |
investor investor investor investor | $0.0 | round | |
$5.0m | Seed | ||
Total Funding | 000k |
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Recent News about Sequin Financial
EditSequin is a financial technology company that aims to empower women by offering a unique debit card experience. Unlike traditional banks, Sequin focuses on providing financial tools and services specifically designed to address the financial challenges women face. The company operates in the fintech sector, partnering with Thread Bank to offer banking services. This partnership ensures that deposits are FDIC insured, providing a secure environment for users' funds.
Sequin's primary product is the Sequin Rewards Debit Card, which stands out for its coral color and customizable features. Users can personalize their cards and even add a money mantra for motivation. The card is designed to help women manage their finances without the risk of accumulating credit card debt. It offers cashback rewards of up to 6% on specific categories, known as "Pink Tax Categories," when users spend at least $500 in a calendar month. If the spending threshold is not met, users still earn a 0.5% cashback rate.
The company's target clients are primarily women, although it is inclusive and allows anyone to join. Sequin addresses a significant market need by focusing on women's financial well-being, recognizing that women are often more anxious about money than men. The company aims to close the gender gap in financial literacy and empowerment.
Sequin's business model revolves around earning revenue through interchange fees, which are small fees paid by merchants whenever a transaction is made using the Sequin card. Additionally, the company benefits from the increased spending and engagement of its users, driven by the attractive cashback rewards and personalized features.
In summary, Sequin is a mission-driven fintech company dedicated to empowering women through innovative financial products and services. It operates in the fintech market, serving primarily women, and generates revenue through interchange fees and user engagement.
Keywords: fintech, women empowerment, debit card, cashback rewards, financial literacy, personalized banking, FDIC insured, Thread Bank, Pink Tax, financial well-being.