Nexus
Nexus, formerly known as Financial Choice, was a Mountain View-based fintech company specializing in consumer finance, offering a unified checking and investment account that allowed full balance investment with instant cash access.
Company History
Nexus, formerly known as Financial Choice, was launched in July 2021. The company was founded by two former Google employees who hold PhDs in Computer Science from Stanford and the University of Washington. Nexus participated in Y Combinator's S21 batch and was marketed as a neobank. Despite its innovative approach, the company is currently inactive.
Industry and Sub-Industry
Nexus operated in the fintech industry, specifically within the consumer finance sub-industry. The company offered a unique blend of financial services that combined checking and investment accounts. By positioning itself in the fintech space, Nexus aimed to modernize how consumers manage their finances.
Service Offering
Nexus provided a unified checking and investment account. This service allowed customers to enjoy the benefits of market returns on their full balance while maintaining instant access to their cash. This innovative approach sought to merge traditional banking with modern investment strategies.
Founders
Nexus was founded by two ex-Googlers, both of whom have PhDs in Computer Science. Their educational backgrounds include Stanford University and the University of Washington. Leveraging their academic and professional experiences, the founders aimed to disrupt the consumer finance sector through technological innovation.
Locations and Operations
Nexus was based in Mountain View, CA, USA, but also offered remote services. The company operated primarily within the United States, covering regions like America/Canada and fully remote areas. With a team size of just two, Nexus emphasized flexibility and remote work in its operational model.