William Hockey's second company, founded in 2021. A US nationally-chartered bank built as software, selling APIs to fintech customers like Brex, Mercury, and Ramp. Entirely Self-Funding — no outside equity, no Venture Capital — and priced like SaaS rather than a regulated bank. Hockey acquired a small existing bank (funded via Margin Lending against his Plaid stock) to inherit the Banking Charter, then rebuilt the stack. Distributes Founder Liquidity via an annual tender for 25% of profits as Secondary Sales.
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- Australia Linked from · References
- Bank Regulation Linked from · References
- Banking Charter Linked both ways · References
- Banking in China Linked from · References
- Brex Linked both ways · References
- DOJ Linked from · References
- Earnings Linked from · References
- Federal Reserve Linked from · References
- Founder Liquidity Linked both ways · References
- How to bet on yourself (without venture capital) Linked from · Learning
- Margin Lending Linked both ways · References
- Plaid Linked both ways · References
- Profitability Linked from · References
- Secondary Sales Linked both ways · References
- Self-Funding Linked both ways · References
- Skin in the Game Linked from · References
- Specialist Linked from · References
- Venture Capital Linked both ways · References
- Visa-Plaid deal Linked from · References
- William Hockey Linked both ways · Learning
- Zach Perret Linked from · People