Envelope
Envelope, formerly known as Envelope Money, is a fintech company based in San Francisco, CA, specializing in consumer finance with a focus on personal budgeting solutions.
Company Overview
Envelope, formerly known as Envelope Money, is a fintech company based in San Francisco, CA, USA. Operating in the consumer finance sub-industry, Envelope offers innovative banking solutions tailored to personal budgeting. The company was part of the Y-Combinator batch S23 and serves regions including the United States and wider America/Canada.
Services
Envelope provides a comprehensive banking platform designed to address personal budgeting needs. The platform includes flexible budgeting options, allowing users to tailor their financial management. Users can set financial goals with specific target amounts or dates, and the service supports joint accounts for shared goals and expenses. Envelope also offers a Protected Savings feature with a 4.55% APY as of February 15, 2024, and notifications that users can control for better financial tracking.
Features
Envelope's platform boasts a variety of features such as customizable notifications, the ability to move money into digital envelopes on a schedule, and options for both physical and virtual cards. The service includes secure account management features, enabling users to request new virtual card numbers and lock accounts when needed. Additionally, Envelope supports joint accounts and facilitates setting and managing financial goals.
Banking and Security
Envelope provides banking services through Pacific West Bank, Member FDIC, ensuring funds are FDIC insured up to $250,000. The Envelope Money Visa Debit Card, issued by Pacific West Bank pursuant to a license from Visa U.S.A. Inc., offers both physical and virtual access to users' accounts, featuring robust security measures for safe and efficient financial management.