Trezeo

Description

Trezeo also enables (platform) companies to deliver greater value and financial well-being for their flexible workforce, attracting and retaining valuable talent while also doing the right thing. In this way, Trezeo is creating a world where workers have access to inclusive financial services irrespective of how they work, creating a better future and contributing to a stronger society.

Overview
Type: Private
Funding Status: Pre Seed
Foundation year: 2016
Location: Dublin, Ireland
Number of employees: 11-50
Founders: Flavien Charlon, Garrett Cassidy
Website: https://www.trezeo.com/
Target geographic market:

Europe

About Product/Service
Products Credit card, current account, budgeting app, Trezeo membership, The Wellness Bundle, The SickPay & Cashback Bundle
Core product offerings for individual/retail customersCurrent Account (a digital account that connects to your regular current account through Open Banking and manages your income for you)
PricingTrezeo Membership: £3 per week (representative 36.1% APR) / The Wellness Bundle: £2 per week (add-on cost to Trezeo Membership) / The SickPay & Cashback Bundle: £7 per week (add-on cost to Trezeo Membership)
The Base Currency£ (GBP)
 
Product cost£2/mo
Openning a current account (business and personal)Free
Issuing physical card and deliveryFree
Money transfers/paymentsFree
Currency exchangesFree
ATM withdrawalsFree
Otherbudgeting app (income smoother, savings account, credit)

Key people

Funding rounds

Last Funding Date Jan 31, 2019
Last Funding Amount $120K
Last Funding Type Pre Seed Round
Total Funding Amount $854K
Number of Funding Rounds 4

Financials

Customer/Products segments Banking, Payments, Personal Finance
Banking licenseTrezeo is not a bank, customer's account won’t be covered by the Financial Services Compensation Scheme. Instead. Trezeo Limited is authorised and regulated by the Financial Conduct Authority as a Lender (registration number 787052) and registered under the Payment Services Regulations 2017 (registration number 809375) for the provision of payment services. The Trezeo account is issued by PayrNet Limited which is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (registration number 900036) for the issuing of electronic money.
Type of customersSMEs and self-employed workers (freelancers and gig economy workers)
Number of investors 4
Number of lead investors3
Names of lead investorsBarclays Accelerator, powered by Techstars - London, Techstars, NDRC

Tech stack

Competitors

Founding Date Type Tags
x
Monzo

Monzo (previously Mondo) is a digital, mobile-...

2015 Private fintech, challenger banks
x
Tide

Tide is a business banking platform dedicated to...

2015 Private Challenger banks, fintech
x
Contis

Contis is your trusted partner for alternative...

2008 Private Challenger banks, fintech
x
Dave

Dave is a leading US challenger bank on a mission...

2016 Private challenger banks, fintech
x
Monese

We’re reimagining the way banking works. We make...

2013 Private fintech, challenger banks

Reviews