Sequin offers a debit card and checking account specifically designed for women, providing up to 6% cashback on purchases in categories such as beauty, wellness, and fitness, while eliminating the risk of credit card debt. The platform also includes financial education tools and a community for women to enhance their financial literacy and support each other in achieving financial independence.
Funding
$5.7M 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.
TVFounders
Product
Problem
Traditional debit cards rarely offer rewards, while credit cards, which do offer rewards, can lead to high-interest debt, disproportionately affecting women who may face a "pink tax" on everyday goods and services. Many women also lack access to financial education and supportive communities tailored to their specific needs.
Solution
Sequin provides a debit card and high-yield checking account designed specifically for women, offering up to 6% cashback on purchases in categories like beauty, wellness, and fitness, without the risk of credit card debt. The platform also includes access to financial literacy tools, such as interactive courses, quizzes, and webinars, focused on budgeting, saving, debt payoff, and investing. Sequin fosters a supportive community where women can connect, share financial advice, and stay motivated on their financial journeys.
Target Audience
Sequin targets women who are looking for a debit card that rewards their spending habits, provides financial education resources, and fosters a supportive community.
Features
- Visa debit card offering up to 6% cashback on purchases at cosmetic stores, drug stores, beauty shops, gyms, and other "Pink Tax" categories.
- High-yield checking account with up to 2.80% APY on account balances.
- Customizable card front with a personalized "money mantra."
- Financial education resources, including interactive tools, quizzes, and webinars.
- Community forum for women to discuss financial topics and support each other.
- No overdraft fees.
- FDIC insurance up to $3,000,000 through Thread Bank deposit sweep program.
- Up to four international ATM fee reimbursements per month (up to $20).