Exeq

wealthtech-retailpersonal finance managementbankingtech

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 19/01/2021

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About

Exeq is a personal finance company set on helping people spend better.

MEDICI Analysis

Exeq provides tailored financial recommendations that could be implemented at the click of a button. Exeq’s first product includes three essential banking products: savings, cash flow analysis and investing. Running analytics on your bank account, Exeq crafts a personalized savings plan, suggests budgets to increase your monthly profit and provides investment access to top tier asset management firms – all on one digital financial hub.

Focus

PRODUCTS & SERVICES

Financial accounts management platform

REVENUE MODEL

25bps fee on all invested assets

MAIN CLIENTS

Financial Advisors

PRIMARY PROBLEM SOLVED

As a generation, millennials have statistically the least number of savings accounts— in fact 70% of them have less than $1000 in savings. That meager $1000 in savings has proven to become a huge headache for millennials, with this generation wondering why having their cash in accounts at banks is not helping them build financial security. The result of this reality? Approximately 50% of millennials live paycheck to paycheck, 75% have prolonged student debt, and perhaps most concerning, 60% will see on average a 13-year delay in their retirement date. So it should come as no surprise that this demographic is looking for new banking products and services from companies they trust and admire to help them get out of their savings slump and work towards financial success— those companies are tech startups. The current millennial is yearning for a tech startup to overhaul the current banking experience by bringing the same digital and personal touch to banking as Uber has brought to transportation, and at Exeq, our goal is to be the most digital and most personal banking product.

INTELLECTUAL PROPERTY

Patent(s) FILED

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

98

AVERAGE VISITS (6 MONTHS)

176.09

MONTHLY VISITS GROWTH

-21.07%

VISIT DURATION

107

VISIT DURATION GROWTH

---

PAGE VIEWS VISIT

2

PAGE VIEWS VISIT GROWTH

100%

BOUNCE RATE

0%

BOUNCE RATE GROWTH

-100%

GLOBAL TRAFFIC RANK

19,956,308

MONTHLY RANK CHANGE

-6,484,791

MONTHLY RANK GROWTH

-24.53%

Innovation Programs

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Exeq

About

Exeq was created with the goal of bringing the power of technology to banking, actively alerting users with tailored financial recommendations that could be implemented at the click of a button. Exeq’s first product includes three essential banking products: savings, cash flow analysis, and investing. Running analytics on your bank account, Exeq crafts a personalized savings plan, suggests budgets to increase your monthly profit, and provides investment access to top tier asset management firms— all on one digital financial hub. Our vision is to role out with a multiplicity of financial products, similar to the products that a traditional bank provides, on one digital interface.

Focus

PRODUCTS & SERVICES

Exeq’s first product includes three essential banking products: savings, cash flow analysis, and investing. Running analytics on your bank account, Exeq crafts a personalized savings plan, suggests budgets to increase your monthly profit, and provides investment access to top tier asset management firms— all on one digital financial hub. Our vision is to role out with a multiplicity of financial products, similar to the products that a traditional bank provides, on one digital interface.

REVENUE MODEL

25bps fee on all invested assets

TOP PROBLEM SOLVED

As a generation, millennials have statistically the least number of savings accounts— in fact 70% of them have less than $1000 in savings. That meager $1000 in savings has proven to become a huge headache for millennials, with this generation wondering why having their cash in accounts at banks is not helping them build financial security. The result of this reality? Approximately 50% of millennials live paycheck to paycheck, 75% have prolonged student debt, and perhaps most concerning, 60% will see on average a 13-year delay in their retirement date. So it should come as no surprise that this demographic is looking for new banking products and services from companies they trust and admire to help them get out of their savings slump and work towards financial success— those companies are tech startups. The current millennial is yearning for a tech startup to overhaul the current banking experience by bringing the same digital and personal touch to banking as Uber has brought to transportation, and at Exeq, our goal is to be the most digital and most personal banking product.

PRODUCT DEVELOPMENT STAGE

PROTOTYPE

KEY DIFFERENTIATORS

-Personalized savings plan for each user -Hybrid Wealth Management- Users can invest in top tier wealth management firms in their city. -Cashflow oriented budgeting tool -comprehensive financial platform tying budgeting, investing, and saving onto one digital interface.

PRIMARY CUSTOMER TYPE

Consumer

Traction

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

CHANNEL STATUS

NO SALES YET

People

NUMBER OF EMPLOYEES

1-10

TEAM COMMENT:

We are very focused on cultivating a young,energetic team environment.

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO