About
Basically GEORGE leverages technology and gives businesses a way to offer direct deposit to their unbanked employees as part of the hiring process by providing the option to instantly sign up for a free GEORGE bank account. The unbanked employee can now participate in the greater financial system (ie. electronic payments, credit products, etc.) while the participating businesses save $300+ annually PER EMPLOYEE by using direct deposit instead of physically printing paychecks. The GEORGE model and product is applicable to any business regardless if it is a Mom & Pop, McDonalds, or InstaCart. We have been running a small MVP pilot in Chicago with some fast food restaurants and have been piggybacking off of AMEX's free Bluebird product to show proof of concept. We are now at the stage where we are looking to raise a seed round and are talking with a couple banks to be a back-end partner to help us fully implement our vision.