I’m excited to announce my new company: Seis – banking built 100% in Spanish for the 44 million Spanish speakers in the US. We’ve raised $5 million from Y Combinator, Immad Akhund, Elad Gil, Shrug Capital, Austen Allred, Jason Garcia, Deepak Chhugani, Jack Altman, Sam Parr, Sam Hodges, Shaan Puri, Album VC, Peterson Ventures, and other great investors. We started Seis because of the years I lived in Oaxaca, Mexico – I saw too many friends who immigrated to the US seeking the American Dream taken advantage of by high fees & interest rates, or denied access to the US financial system altogether. Barriers exist for many reasons, ranging from education to language to general fear & mistrust. Many of our customers have been repeatedly rejected by other financial institutions, to the point where they give up hope & decide to opt out altogether. We want to break down those barriers by 1) making trustworthy products 100% only in Spanish, w/ native Spanish speaking team members, 2) providing a bank account that you can open w/o an SSN, and 3) building a community of support/education for the specific needs of our customers Our first product is a checking account that’s 10x easier to open for someone w/o an SSN. We’ve launched on iOS & Android & are struggling to keep up with demand. Our dashboards clearly tell us this is an underserved market, and boy do we hear it when we can’t keep up. Customers are already asking us for other things like credit cards, investment products, and mortgages. They ask us both because their access is limited, and because our customers fundamentally trust us more. Today we serve 1 client type (recent immigrants) w/ 1 product (bank accounts). Tomorrow we’ll serve the entire US Spanish speaking population w/ products built specifically for Spanish speaking families (think things like international remittances & intergenerational joint accounts) I previously built another business 100% in Spanish for US Spanish speakers that grew to >1 million users, and have seen how underserved many parts of this market can be. Our north star is to treat our customers as 1st class citizens and *end dial #2 for español* If this sounds interesting to you we are hiring! All jobs remote, details here: https://lnkd.in/gbtyc7k5. Or feel free to email me with why you think you’re a great fit: trevor@seis.com
We're so excited to be partnering with you Trevor!
Órale! So excited for you and the team. #EndDial2
Oh boy!! This has been the hardest secret I have ever had to keep. :D
I love this!! Muy buena iniciativa equipo 👋Trevor. Hay millones de hispanos en este gran país que están esperando ansiosamente esta solución!! 🙏🏽👏🏽🥳
This is going to be really good for a lot of folks that need it.
This is such a cool market problem to solve. I know it will be great with you guys leading it.
Woot woot!! So excited for y’all!
Founder and General Partner at Album
2yLong overdue and needed business. Excited for where this is headed.