About Tern

Tern provides a low-code platform for brands to quickly launch customizable banking products, including virtual and physical prepaid cards, while ensuring compliance through robust back-office tools. This solution addresses the need for efficient onboarding and fund management in a secure environment, enabling businesses to streamline financial operations and enhance cash flow.

```xml <problem> Many businesses face challenges in efficiently managing funds and offering customized financial products due to complex onboarding processes and the need for robust compliance measures. Traditional banking solutions often lack the flexibility and speed required to meet the evolving needs of modern businesses. </problem> <solution> Tern provides a low-code/no-code platform that enables businesses to quickly launch customizable banking products, including virtual and physical prepaid cards. The platform streamlines onboarding (KYC) processes, facilitates efficient fund management, and ensures compliance through integrated back-office tools. Tern offers a range of services, including bank transfers, cross-border payments, and white-label solutions, allowing businesses to enhance cash flow and drive revenue. The platform provides actionable KPIs and BI, along with PCI & SOC 2 compliance, reducing operational headaches. </solution> <features> - Low-code/no-code components for rapid deployment of banking products - Virtual and physical prepaid card issuance - Onboarding (KYC) services for verifying individuals, businesses, and bank accounts - Bank transfer capabilities for sending and withdrawing funds - Cross-border payment solutions - White-label options for brandable and customizable apps - Integrated IVR & Live Agents for customer interactions - Actionable KPIs & BI dashboards - PCI & SOC 2 compliance - API library for advanced applications </features> <target_audience> Tern primarily targets businesses seeking to launch their own fintech programs, including those needing flexible card solutions and accessible fintech tools. </target_audience> ```

What does Tern do?

Where is Tern located?

Tern is based in East New York, United States.

When was Tern founded?

Tern was founded in 2021.

Location

East New York, United States

Founded

2021

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Tern

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Executive Summary

ternitup.com LinkedIn Profile

Founded 2021 – East New York, United States

Funding

No funding information available.

Team

No team information available.

Company Description

Problem

Many businesses face challenges in efficiently managing funds and offering customized financial products due to complex onboarding processes and the need for robust compliance measures. Traditional banking solutions often lack the flexibility and speed required to meet the evolving needs of modern businesses.

Solution

Tern provides a low-code/no-code platform that enables businesses to quickly launch customizable banking products, including virtual and physical prepaid cards. The platform streamlines onboarding (KYC) processes, facilitates efficient fund management, and ensures compliance through integrated back-office tools. Tern offers a range of services, including bank transfers, cross-border payments, and white-label solutions, allowing businesses to enhance cash flow and drive revenue. The platform provides actionable KPIs and BI, along with PCI & SOC 2 compliance, reducing operational headaches.

Features

Low-code/no-code components for rapid deployment of banking products

Virtual and physical prepaid card issuance

Onboarding (KYC) services for verifying individuals, businesses, and bank accounts

Bank transfer capabilities for sending and withdrawing funds

Cross-border payment solutions

White-label options for brandable and customizable apps

Integrated IVR & Live Agents for customer interactions

Actionable KPIs & BI dashboards

PCI & SOC 2 compliance

API library for advanced applications

Target Audience

Tern primarily targets businesses seeking to launch their own fintech programs, including those needing flexible card solutions and accessible fintech tools.