[blennon]

This is a great example of a niche banking solution which is far better than any traditional bank can provide. I think we'll see a lot more of this as banking APIs become more available.

My company is working on similar problem and solution for youth sports teams and clubs which are also non-profits (formally or informally).

[UltimateFloofy]

Thats awesome! The debit card solution and 501(c)3 eligibility that hack club presents is genius and so often overlooked in fledgling youth sports and organizations. I hope that ground.work can find a way for fringe sports and teams to also get their organization finances in order as many sports businesses tend to focus only on the main priority sports. (I run an ultimate frisbee organization)

[will_brown]

>This is a great example of a niche banking solution which is far better than any traditional bank can provide

Seems to me it is a traditional bank offering the banking services...only in authentic Silicon Valley style its being marketed exactly as you describe, a non traditional bank disrupting the status quo.

[TeMPOraL]

> I think we'll see a lot more of this as banking APIs become more available.

Available to whom, though? Companies with millions of dollars of capital or VC money?

I've been asking for, in the past decade, is a read/write API access to my personal account. I can make it work from there myself, and I can do it better than the bank. Hell, even just read-only access would streamline my banking and solve 90% of the use cases I have in mind. But no, it didn't happen, and it's not going to happen.

And I suspect why: because web and mobile apps are first and foremost a way for the bank to upsell financial products.

[kennydude]

Keep an eye on Monzo and Starling Bank who offer public APIs :)

[lgregg]

Wouldn't that be a 501(c)(7) not type 3?