No reviews yetBe the first to leave a review for Root
I have absolutely no idea what this is suppose to be doing. How can I code in money?
This is going to need a detailed explanation.
Your web page does not do a good job of explaining Root either.
@dredurr Hey, Root is a bank account that has full API access, so you can use code to manage your money (send transfers, create new virtual cards, categorize transactions, etc)
@dredurr I think the reason I know what this was intuitively is because I've thought about how it should exist so often. I hope you're going to bring it to Canada.
Really interesting. Considering setup fees, regulation, KYC, AML, etc, etc., is not cheap, why did you decide to go so niche? This is retail only as well?
-Fellow fintech friend
@louwhopley I see. But why did you start from the backend in, why not the opposite direction? I think it's really interesting, just wondering why this approach considering the costs associated (to build a digital bank) which I mentioned above?
Report
Can I put an infinite loop on my money with an i++? 😂
Jokes apart, I signed up and looks like there's a waiting list? @louwhopley
I'm looking forward to playing with this. I just noticed the tld is ZA, so even more stoked for you guys. Whats the timeline to hit the US? I noticed you guys partnered with Standard Bank, any early discussions with a US bank?
Gee hom gas!
Thinking about it now, you could probably get more out of this if you don't strictly require coding skills. You just need a process flow builder, you can have precoded components that I could just drag in to create a particular logic for each account, card etc. without knowing code. So say a family or small business could sign-up and actually take advantage of the rules system. Employee spend limit to $X (RX*12 ;D) and only at certain retailers, same for child or husband etc. Love this for that.
Report
@mitchellgeere Good Points. A setup similar to Zapier or IFTTT where you can do a good amount of programming without actually basing it on code
Root
Midas Merchants
Penta
Root
Penta
Root
Maze
Root
Daybear
Root
Daybear