Cheddar
Cheddar was a fintech company launched in 2014, focusing on providing fee-free banking solutions targeted at millennials.
Company Overview
Cheddar is a fintech company that launched in 2014 and participated in Y Combinator's S14 batch. The company aimed to provide free and powerful everyday banking solutions through a mobile bank account and debit card. Cheddar targets millennials and focuses on eliminating fees and penalties associated with traditional banks.
Industry and Sub-Industry
Cheddar operates within the fintech industry, specifically in the banking and exchange sub-industry. Their services are designed to disrupt traditional banking by offering innovative solutions that cater to modern consumer needs.
Services
Cheddar offered a mobile bank account and debit card aimed at modernizing the banking experience for millennials. Their service was designed to be free of the fees and penalties typically associated with traditional banks. The company prioritized providing a seamless, user-friendly banking experience.
Target Market
Cheddar focused on targeting millennials, offering them a digital-first banking experience. The company aimed to appeal to this demographic by eliminating common banking fees and penalties, providing a more favorable alternative to traditional banking options.
Founding and Y Combinator Involvement
Cheddar was launched in 2014 and was part of the Y Combinator S14 batch. The company leveraged the resources and network provided by Y Combinator to refine their business model and service offerings in the competitive fintech space.
Company Status
As of the latest available information, Cheddar is listed as inactive. Despite the initial promise shown through their participation in Y Combinator and the innovative approach to banking, the company is no longer operating.