Aerium
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Date of Foundation
2023

Aerium

"Startup empowering underserved communities financially."

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The Idea origin story

Aerium is dedicated to revolutionizing the financial services sector, with an unparalleled focus on uplifting marginalized, underrepresented and diverse communities. We commit to driving significant transformations by creating equal access to financial literacy, resources and opportunities. By addressing these gaps, we not only foster societal change but also instill a sense of empowerment in these often overlooked communities – fueling their personal growth as well as contributing greatly towards economic sustainability.

The Mission

"Empowering diverse and underrepresented communities through inclusive financial services aimed at fostering positive societal change."

Clients

Women, BIPOC individuals, students, veterans, active military and first responders.

Problems we solve

Client’s problem

Your startup can resolve financial disparities, boost economic mobility, foster educational growth and provide tailored financial solutions for marginalized communities.

Confirmation of problem

The problem is prevalent in many communities, leading to a demand for solutions. Aerium addresses this by providing accessible and affordable banking services, particularly for these communities.

Solution

Our digital platform provides fee-free banking, allowing users to donate their spare change from purchases to nonprofits.

Our technologies

This solution is based on technologies

Fintech APIs, Cloud Computing, AI and ML for personalized services, Big Data Analytics.

How it works

Offering account creation, comprehensive banking solutions, scholarships and donations support. Engaging communities & empowering SMEs with business tools.

Value for the client

Offering mobile-first, no-fee banking experiences and empowering users to contribute to non-profits via rounding up debit card purchases.

Market and strategy

Market size

800000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

1

% of the market

Is our goal in the next 3 years

Team

My name’s

Sandro Pinto

My key role in the product

My key role is Co-founder and I'm responsible for shaping our vision, strategy planning, building and leading teams toward that vision.

Team size and key members

Chief Technology Officer, Head of Marketing, Product Development Lead, Sales Director, Customer Support Manager.

Competitors

Competitors

Potential competitors could also include traditional banks who may decide to target your niche market, other fintech startups focusing on financial inclusion, and digital banking platforms like Chime or Varo.

Our Advantages

Leverage specialized services, enjoy fee-free monthly operations alongside benefiting from donations and scholarships. Securely amplify your SME activities with robust business tools on our FDIC insured platform. Connect deeper with community engagement opportunities!

Business model

Earn revenue through interchange fees, premium features, partnerships, and interest on deposits

Traction

Refined service suite, established a community nexus, developed a potent Minimum Viable Product, and executed an effective Go-to-Market strategy.

Empowering SMEs with business tools and robust banking solutions, we offer account creation & scholarships. Our services extend to supporting donations and engaging communities for growth and empowerment.

Metrics

Monthly Active Users and Daily Active Users gauge user engagement. User Retention examines the percentage of users that remain over a period, while Churn Rate shows who leave. Life Time Value measures revenue generated per customer throughout their entire 'life' in your platform.

Incorporation

Our company incorporated in

Delaware

Key risks

The main risks could be regulatory issues related to banking and financial services, customer retention & acquisition, cybersecurity threats, potential market saturation by larger fintech companies or traditional banks increasing their digital services for underrepresented communities.

Investments

$

100000

We raised investments

Our Investors

Sandro Pinto, 25% Dilan Patel, 25% Jody Stewart, 25% Gary Saitowitz, 25%

Rising Investments

$

2500000

Currently, we are raising investments

$

100000000

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

Open positions

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Additional information

Aerium
MVP
Date of Foundation
2023