Adro
About Adro
Adro provides a fintech platform that enables international students and workers to open no-fee US checking and savings accounts, as well as a credit card, without requiring a Social Security number. The platform facilitates seamless financial transactions, including tuition payments and international transfers, while helping users build credit history and access essential financial services.
```xml <problem> International students and workers often face difficulties opening bank accounts and accessing credit in the U.S. due to the requirement for a Social Security number and the challenges of establishing a credit history without one. This lack of access can hinder their ability to manage finances, pay tuition, and conduct everyday transactions. </problem> <solution> Adro provides a fintech platform that allows international students and workers to open U.S. checking and savings accounts, as well as obtain a credit card, without needing a Social Security number. Users can open an account before arriving in the U.S. and pre-fund it from their home country. The platform offers no monthly fees, enables international transfers, and helps users build U.S. credit history through a secured credit card that reports credit activity, even before an SSN is issued. Adro accounts are FDIC-insured and accessible via a mobile app for convenient money management. </solution> <features> - No Social Security number (SSN) required to open an account - Ability to open and pre-fund accounts from outside the U.S. - No monthly fees for checking and savings accounts - Adro World Mastercard® secured credit card to build U.S. credit history, with 1% cashback on all purchases - FDIC insurance up to $250,000 through Stearns Bank N.A. - $0 inbound wire transfer fees - Two free ATM withdrawals per month from any ATM - Integration with Apple Pay and Google Pay for digital payments - Mobile app for managing accounts, sending money, and accessing customer support </features> <target_audience> The primary target audience is international students and workers coming to the U.S. who need access to banking services and credit without a Social Security number. </target_audience> <revenue_model> Adro generates revenue through interchange fees paid by merchants when customers use their Adro cards and through revenue sharing agreements with partners like Stearns Bank N.A. </revenue_model> ```
What does Adro do?
Adro provides a fintech platform that enables international students and workers to open no-fee US checking and savings accounts, as well as a credit card, without requiring a Social Security number. The platform facilitates seamless financial transactions, including tuition payments and international transfers, while helping users build credit history and access essential financial services.
Where is Adro located?
Adro is based in City of New York, United States.
When was Adro founded?
Adro was founded in 2023.
How much funding has Adro raised?
Adro has raised 1500000.
- Location
- City of New York, United States
- Founded
- 2023
- Funding
- 1500000
- Employees
- 25 employees
- Major Investors
- Era