Root

Programmable bank account for software developers

80 followers

Programmable bank account for software developers

80 followers

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Neobanks

Launch tags:API•Fintech•Developer Tools

Launch Team

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Promoted

Great idea! Would love to get our hands on the Sandbox to test out some internal ideas we have @getalbert

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9yr ago

This is a great idea! Technically and securewise it's not so straightforward but idea is really great. I would like to have such a card.

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8yr ago

Capture

Does it work worldwide?

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9yr ago

Root

Maker

@arjunz Hey, we're first launching in South Africa :)

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9yr ago

@louwhopley @arjunz Go Africa Go!

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9yr ago

@louwhopley boets! 🇿🇦

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9yr ago

Root

Maker

@separo 🤙 🇿🇦

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9yr ago

We'll soon hear "I've lost all my money due to a bug in my code" stories

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9yr ago

Root

Maker

@vict_r We've built in a sandbox to play around and test with before using your code on real money :) we're also busy working on a system to prevent the user from accidentally transferring money

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9yr ago

@louwhopley let me know when you support US startup customers! Looks very cool.

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9yr ago

@louwhopley If you've shut it down and moved onto insurance, why not contribute the core to OSS and let the spirit live on?

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5yr ago

Would love to hear some use cases - very interesting!!!

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9yr ago

Summit Day Planner

@chris_carpentier +1 A few examples would be amazing. Excited to learn more about this!

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9yr ago

Root

Maker

@chris_carpentier Hey, check OfferZen.com's blog, we'll be posting some use cases there as they become available (https://www.offerzen.com/blog/ro...)

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9yr ago

Root

Maker

@chris_carpentier It took us a while to wrap our head around what's possible. At the most basic level I've found it super useful to dump all my transactions in a Google Sheet and do analysis on them. A few other use cases: Uber card: Let’s say you give your daughter $100 pocket money each month, but you’re worried she might run out of money and be unable to afford an Uber home. So you write a little code and give her a Root card that a) gives her a limit of $100 per month, and b) lets her take as many Uber rides as she needs (enabling her to spend beyond the $100, but only for Uber) Savings card: You want to visit Thailand, but you’re struggling to save money for the trip. So you write some code that rounds up each card transaction you make to the nearest $5, and adds that to your savings account. At OfferZen (the company that made Root) we use it internally to track our expenses. Transactions made by anyone in the team is categorized in real-time and sent to a spreadsheet. So we can see in real-time who is spending money and what they're spending it on. We're bootstrapped so this is pretty useful to manage our cashflow

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9yr ago

Pixsy

@philipjoubert @chris_carpentier This is pretty cool, though if I had a daughter I'd probably have her take the bus. Is it also possible to set up multiple accounts at root? This would be great for automatically setting aside tax payments for freelance income.

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9yr ago

MailKing by cloudHQ

@danielfoster437 @philipjoubert @chris_carpentier Building on the "rounding up to the nearest $5 for each transaction" for savings, could I use your API code to automatically save $ from my account, and transfer that into buying bitcoin in *my* wallet?

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9yr ago