back Back

Charlie debuts banking services for retirees in USA

By Delisha Fernandes

May 12, 2023

  • Banking Services
  • Banking Solutions
  • Cash Flow

CharlieCharlie, the new standard for 62+ banking services, launched nationwide and has raised $7.5 million from investors in the funding round led by Better Tomorrow Ventures, Expa, Ayokunle Omojola, and Gokul Rajaram.

Charlie helps retirees and soon-to-be-retirees make the most of their limited resources with features including faster access to their Social Security check, competitive 3% earnings on average balances and no monthly fees or minimums, as well as US-based customer service, and a simple, transparent digital experience designed for their needs.

“In the United States, the 62+ community has never had financial services designed for their unique needs. Charlie was created to change that,” said Kevin Nazemi, co-founder and CEO of Charlie. “Charlie is designed to address the financial challenges of retirees and soon-to-be-retirees meaningfully: shifting from accumulating assets to deaccumulation, the struggles regarding transparency and trust in the financial services world, and a lack of options to help them make the most of their limited resources to enjoy life. We look forward to serving this community and giving them the peace of mind they deserve.”

With high cost of living and lack of cash flow being two of the top three concerns of retirees and soon-to-be retirees, along with their rapid adoption of technology, this population is in need of a new type of banking solution. Charlie also considered how the 62+ community utilises technology and built transparent and controllable services and support for retirees to manage their financial future.

Previous Article

May 12, 2023

TWIG launches automated savings platform after securing DFSA approval

Read More
Next Article

May 12, 2023

Guavapay signs acquiring and issuing partnership with Discover

Read More

IBSi Daily News Analysis

Merchants, payments, UAE

July 15, 2024

Banking Services

Global wealth growth rebounds with major shifts expected by 2030, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 10, 2024

4 Neobanks redefining America’s banking infrastructure

Read More

July 10, 2024

Commercial Bank of Dubai signs partnership with Visa

Read More

July 09, 2024

NatWest taps OneID to enable digital identity service in the Nordics

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024