Seis is an online banking platform that provides access to U.S. bank accounts and prepaid Visa debit cards without requiring a Social Security Number, allowing users to manage their finances easily. The platform facilitates money transfers, cash withdrawals from a network of ATMs, and offers FDIC insurance for deposits up to $3 million, addressing the needs of immigrants and individuals without traditional banking access.
Funding
$20.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals, particularly immigrants or those without a Social Security Number (SSN), face challenges in accessing traditional banking services in the U.S. This lack of access can hinder their ability to manage finances effectively, build credit, and participate fully in the financial system.
Solution
Seis provides a mobile banking platform designed to offer accessible financial services to individuals who may not qualify for traditional bank accounts. By accepting alternative forms of identification like an ITIN or passport, Seis enables users to open U.S. bank accounts and obtain Visa debit cards. The platform offers features such as mobile check deposit, cash deposit at a large network of retail locations, fee-free ATM withdrawals, and the ability to send and receive money. Seis aims to provide a secure and user-friendly banking experience, with FDIC insurance on deposits and 24/7 customer support in Spanish.
Target Audience
The primary target audience includes immigrants, individuals without an SSN, and the Spanish-speaking community in the U.S. who are seeking accessible and user-friendly banking solutions.
Features
- Account opening with ITIN, passport, or matrícula consular; SSN not required
- Visa debit card with 5 color options
- FDIC insurance up to $3,000,000 through Thread Bank, member FDIC
- Access to over 55,000 surcharge-free ATMs
- Cash deposits at over 100,000 participating retail locations (e.g., Walmart, 7-Eleven)
- Mobile check deposit
- SeisPay for sending and receiving money with other Seis users
- Optional Seis Silver Credit Card for building credit (requires Seis membership and is subject to credit approval)
- 24/7 customer support in Spanish via phone and chat
- Cashback rewards on select purchases (depending on membership tier)
- Integration with Western Union for remittances (coming soon)