Finvest
Finvest, formerly known as Move, is a San Francisco-based fintech company specializing in the B2B supply chain and logistics sector, offering a platform for the flexible management of US Treasury Bills.
Company Overview
Finvest, formerly known as Move, is a fintech company based in San Francisco, CA, USA. Operating within the B2B sector, Finvest specializes in supply chain and logistics finance. The company is part of the Y-Combinator Winter 2023 batch and serves regions including the United States of America and Canada. Finvest aims to provide businesses with secure and efficient access to government-backed treasury bills, featuring a flexible platform for purchasing, managing, and selling these securities.
Finvest Services
Finvest offers a comprehensive platform for purchasing, managing, and selling US Treasury Bills. Unique features of the service include exemption from state taxes, government backing, and security provided through Treasury Accounts custodied at Pershing, a subsidiary of The Bank of New York Mellon. Users are protected by SIPC up to $500,000 for Treasury securities. Additionally, Finvest offers a high-yield cash management account boasting a 4.4% yield and charges a flat management fee of 0.03% per month based on the average daily market value of Treasury assets. The platform supports uninterrupted 24 x 7 customer support, available on both iOS and Android platforms.
Investment Security and Compliance
Finvest ensures maximum security and compliance for its users, with Treasury Accounts held at Pershing, a subsidiary of The Bank of New York Mellon. This alignment provides a trusted and secure banking experience. Users are also protected by the Securities Investor Protection Corporation (SIPC) up to $500,000 for Treasury securities. By focusing on government-backed treasury bills, Finvest offers an exemption from state taxes, reinforcing its commitment to a secure and transparent investment environment.
Y Combinator Affiliation
Finvest is part of the Y-Combinator Winter 2023 batch, a prestigious startup accelerator program that supports and funds emerging companies. Backed by Y Combinator, along with other prominent funds such as the Pioneer Fund, Finvest leverages top-tier expertise and investment resources to enhance its platform. These affiliations underline the company's credibility and potential for growth within the fintech industry.
Customer Support and User Accessibility
Finvest prioritizes user experience by offering 24 x 7 customer support to ensure continuous assistance for all its clients. The platform is accessible on both iOS and Android devices, making it convenient for users to manage their investments on the go. With no commissions or hidden fees, Finvest upholds transparency and simplicity in its service offerings. This customer-centric approach aims to provide a stress-free and secure way for users to grow their wealth.