Every.

Simplified finances for self-employed people.

4 followers

Simplified finances for self-employed people.

4 followers

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Every is a set of AI-enabled tools that automate finances for self-employed people. Every comes with an expense tracking app, FDIC-insured deposit account, and Visa Business Debit Card.

Launch tags:Productivity•Fintech

Launch Team

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Promoted

Basic question: I have a Transferwise account, a Monzo account, a Revolut account, why do I need another bank account? How do you compare and why are you different?

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8yr ago

Every.

Maker

@thiagoafram Every is built for business owners. Transferwise, Revolut, etc. are fantastic products, but as a business owner you would still need a bank account when using one of these products. For example, you can't settle your Stripe transactions to a Revolut account because it is considered a "virtual account". A business can use Every without the need for any traditional bank account. We are also building a bunch of ways to connect Every to other apps an entrepreneur uses. For example, when you connect Every to your Stripe account, we can view "settlements" as they are approved by Stripe, and make the balances available in your Every account the same day, instead of you having to wait for funds to clear through the banking system first. Hope that helps!

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8yr ago

Every.

Maker

@thiagoafram @cellus_christie Hey Hey! Have a look at the reply below and let me know what other questions you might have!

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8yr ago

@cellus_christie @jeremywblack Tried to signup but didn't get the confirmation email?

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8yr ago

Every.

Maker

@thiagoafram just sent you an email to help get it sorted

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8yr ago

SeekWell

@thiagoafram @jeremywblack Do you charge interest to make the balance available?

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8yr ago

Product Hunt Regular

I use Seed.co and they've been fantastic. Their support is literally lightening speed, which has been the biggest game changer vs traditional bank. What are your main differences to them? To me the settlement piece is interesting, but the real pain points are expense categorization, direct sync with the finance tracking/planning ecosystem (plaid, accounting/bookkeeping software, banking APIs), and transaction limits. I notice some copy on the syncing in particular - how's that set up currently?

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8yr ago

@dshan @jeremywblack I guess one of the differences is that Seed doesn't support paper checks if it really matters.

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8yr ago

Every.

Maker

@dshan Hey Derek. Thanks for the question. We certainly have a lot of spiritual alignment with Seed! Super fast, super personal support is the game changer for all of us competing with the traditional banks so yes, it's definitely a focus. Today most of our customers (we've just started to onboard non-friends and family) are using the in app chat to get support. We staff the phones 9-8 eastern time and give customers the ability to have us call them instead of the other way around. As far as differences, I sort of think of it as open vs. closed ecosystems. Seed has integrated some accounting functionality into their app, whereas we are partnering with accounting software providers to bring the bank account into those experiences. If you never came to Every, and simply used our product inside other products we would be happy. Today, we have a direct feed integration with Plaid, which helps to power real-time data exchange across most apps an entrepreneur would want to connect with their bank account. We have some announcements coming in the summer around deeper partnerships with specific platforms ;)

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8yr ago

Every.

Maker

@dshan @aparkhills So far our customers aren't really using the remote deposit capture or paper check send functions. Our customers are mostly online businesses so it's not that surprising. I'd love to get rid of these features altogether.

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8yr ago

@jeremywblack It looks like the focus on your website is with the iPhone app. Will you guys be launching an Android app as well?

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8yr ago

Every.

Maker

@aparkhills Andy Andy Andy.... you're opening up old wounds over here at Every HQ. Here's the thing... I've been on Android since I can remember. Same goes for our head of UX. But right now our customer list is 75% iPhone users! I was surprised that it's this high. Our beta users are testing with a lightning fast web app right now and we're rolling out iOS next. Android will follow later in the summer. I find myself using web apps a lot more on my phone lately so interested to see how far that takes us in advance of launching a proper Android app. Thanks for the question!

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8yr ago

@jeremywblack Thanks for the update, Jeremy! Will be looking forward to it.

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8yr ago

Tweet-a-Cake by NotPie

@aparkhills @jeremywblack is it possible that only having iPhone app is drawing iPhone users? Can't have more Android users if you are optimized for iOS in search and discovery

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8yr ago

Every.

Maker

@aparkhills @airjoshb #truth

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8yr ago

@aparkhills @airjoshb @jeremywblack I'm one of those android users who hasn't signed up yet because you don't have an android app. I feel like it might be one of those chicken vs egg things.

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8yr ago

AIVatar

Looking really good. I have a question though. Is it gonna be one of those "Sorry, we don't provide services outside of UK/US/USomething", or will it be worldwide?

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8yr ago

Every.

Maker

@rdev Sorry I missed this! Unfortunately it is "one of those" for the time being. Every is a real bank account (ie. not a virtual account) so it requires working with local bank partners and regulators to launch in each market. We are starting with the US and will launch in at least one additional market in 2019. Online entrepreneurs typically see revenue from many markets and the ability to bank in each is something we'd like to solve for in the future. Hope that helps!

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8yr ago

AIVatar

@jeremywblack That sounds great! My issue with these types of projects is usually "US doesn't really need another one but X-Country does". It's good to hear you have plans for further expansion 👍🏻

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8yr ago

Letters Across Time

Just trying to get a handle on fees and usability... Definitely love the idea of an easier online business account. Are ACH payments an option and do they have any fees? There was also reference to you sending checks for us if a check is needed, obviously that will have a fee, but I didn't see what the fee would be.

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9yr ago

Every.

Maker

@nperry302 Hey Nic. Thanks for the note. ACH is there and it's free. ACH payments are unlimited, however, we do need to monitor how people are using the API (no one is just yet) in case there is a use case we didn't intend to support. As for checks, we are going to do this for free to start. If it gets abused maybe we'll need to add a small fee to cover postage and handling ($1 for example). We've managed to negotiate with our bank partner, and other required third parties, such that the only fees are when you use an out of network ATM (assessed by the ATM company not us), send a domestic wire ($25), or an electronic payment internationally ($0.50 - $4 depending on the receivers country). Hope that helps!

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9yr ago

Letters Across Time

@jeremywblack Sounds great! Just wish it was ready a couple months ago before I dealt with the headache of a traditional bank! I'll definitely upvote again when you launch again, great work!!

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9yr ago

Every.

Maker

@nperry302 Thanks Nic! We got a little trial run on PH today. Can't wait until the real thing! In the meantime, folks can sign up on our Product Hunt Upcoming page: https://www.producthunt.com/upco...

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9yr ago

An American Road Trip

@jeremywblack congrats on launching! I see that you’re having an address listed in Canada - does that mean that Canadians are eligible to use every?

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8yr ago

Every.

Maker

@jpvalery Every is available for US businesses (must also be a US citizen) for now. We're hoping to launch other markets once we've got the US figured out. Most of our team is based in Toronto so Canada is a natural next step ;)

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8yr ago

This is exciting. I've been searching for something like this for my new e-commerce site. Great timing! Was wondering whether lending solutions would be in store for Every in the future? Would love to give Every a go. Bravo!

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8yr ago

Every.

Maker

@spramp Thanks for the feedback and support! Lending is definitely in our future, but we don't want to just do the same old thing. It will take us some time to iron out the details but suffice it to say we're creating a "lending" product that is completely unique. It's not just an evolution of the same old line of credit or term loan. Wish I could say more but first thing is first... we need to perfect the checking account experience for businesses!

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8yr ago

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