[online_reader_]

Read the article, visited the website, read the docs -- still don't know why this exists or what the value proposition is; however, I'm not a business owner and don't do business banking. That said, I don't think I'm all that far off from the target audience as I do deal with billing, account balances and money transfers through third party api's.

As an aside, someone needs to 'disrupt' the home mortgage loan process from top to bottom. Super opaque and really annoying to go through (even the information gathering phase) when compared to almost everything else I've experienced as an adult.

[btmerr]

Our API offering is directed at a niche audience, but we'll be offering more products in the future, such as traditional online business banking, lending, and so on.

+1 to someone fixing home mortgages. Super painful.

[sighype]

Can you toss out a few use cases where I'd kill to have you guys over a traditional bank?

I'm curious how you pitched yourself to YC. Did you say you were going to be a sort of venue for people looking to build custom financial services on top of your API?

[btmerr]

We're building a better business banking service.

To do so, we built an API first. Rather than waiting to release our mobile and web clients to serve traditional banking customers, we decided to release our API first, so that any companies that can take advantage of it can get after it. We've talked to a lot of companies that want to automate ACH payments, wires, check sending, and so on, rather than relying on manual and offline processes. Most businesses will be best served by our apps, once they're available.

As for use cases, our conversations with business owners have led us to believe that nearly everyone is frustrated with the existing banks. Applications are difficult to use, offline forms are required, service is poor, and so on.

[salusinarduis]

This is great perspective!

Seems like I could build my own personal banking/accounting site securely with this.