Coach Bank offers a platform for student-athletes to manage Name, Image, and Likeness (NIL) compensation and grow their personal brand. The system centralizes NIL transactions, provides social media tools, and ensures compliance with NCAA and state regulations.
Funding
Funding not disclosed
Founders
Product
Problem
Student-athletes face challenges in navigating and capitalizing on Name, Image, and Likeness (NIL) opportunities. This includes managing compensation, developing their personal brand through social media, and ensuring adherence to evolving regulatory frameworks.
Solution
Coach Bank provides a comprehensive platform designed to streamline NIL engagement for student-athletes. The system facilitates the management of athlete compensation for various NIL activities, offering a centralized solution for financial transactions. It also supports the growth of athlete social media presence through integrated tools and analytics. Furthermore, Coach Bank ensures compliance with relevant NCAA and state regulations, mitigating risks for both athletes and institutions. The platform fosters a collaborative ecosystem by sharing revenue with university partners, aligning incentives and creating a sustainable model for NIL monetization.
Target Audience
The primary users are student-athletes seeking to maximize their NIL opportunities and university athletic departments aiming to support their athletes while managing compliance and revenue.
Features
- Centralized platform for managing athlete compensation from NIL deals.
- Tools and analytics to support and enhance student-athlete social media growth.
- Automated compliance checks against NCAA and state-specific NIL regulations.
- Revenue-sharing model with university athletic departments.
- Secure transaction processing for NIL payments.