CFPS is a mobile app that offers a free euro IBAN account, enabling users to conduct instant SEPA and SWIFT transfers without monthly fees. The platform provides a virtual and physical debit Mastercard® for secure online and in-store transactions, addressing the need for accessible and cost-effective banking solutions for individuals and freelancers in Europe.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional banking solutions often impose monthly fees and complex requirements, creating barriers for individuals, freelancers, and newcomers in Europe seeking accessible and cost-effective euro accounts. Managing finances across borders can be cumbersome and expensive, especially for those needing to send and receive money via SEPA and SWIFT transfers.
Solution
CFPS offers a mobile app providing a free euro IBAN account that allows users to conduct instant SEPA and SWIFT transfers without monthly fees. The platform includes a free virtual debit Mastercard for secure online transactions, with the option to obtain a physical debit Mastercard for in-store purchases and ATM withdrawals. CFPS simplifies international money management by providing a user-friendly interface and eliminating unnecessary charges, making it easier for users to manage their finances. The app also incorporates security features such as identity verification, secure login options, and instant notifications for transactions.
Target Audience
CFPS primarily targets individuals, freelancers, digital nomads, expats, students, and IT professionals in Europe who need a free and accessible euro IBAN account for managing their finances and conducting international transactions.
Features
- Free euro IBAN account setup in minutes via the CFPS app
- Instant SEPA transfers for fast euro payments
- SWIFT transfers for international transactions
- Free virtual debit Mastercard for secure online shopping
- Optional physical debit Mastercard for in-store payments and ATM withdrawals
- Apple Pay and Google Pay integration for seamless payments
- Real-time transaction alerts and card lock/replacement features for enhanced security
- Face ID and Touch ID login options