The solution, says Y Combinator graduate Rebank, is a new digital business banking platform that runs on top of existing business bank accounts.
“Companies today face two major problems; janky banking interfaces and unnecessarily expensive payments,” Rebank co-founder and CEO Juan Andrade tells TechCrunch.
Andrade started his career in insurance before moving into payments and building new card products for Ukash, the payments startup based in London that was acquired by Skrill in 2015.
Andrade says it was while at Secret Escapes that he saw up close many of the pain-points of business banking, especially for a fast-growing company.
Andrade says finance teams are already preferring it to their existing banking apps and that Rebank has customers in the U.S., Canada, and the U.K., amounting to 70 startups and mid-size companies generating $50 million in transactions.