![]() ![]() ![]() Since its initial launch, we have expanded our coverage to over 100 million Americans (more than 70% of paid Americans) and are now integrated with all major payroll providers, government portals and gig economy platforms. It currently serves three of the top five neobanks, including Square’s Cash App. Lending customers can use us to obtain account data about their income and employment, which makes verification faster and more efficient and reduces the risk of fraud. Bank customers can use us to enable direct deposit switching, a method of automatically transferring salaries from an existing bank account to a new bank account. Pinwheels provide an easy way to connect to a large, fragmented ecosystem of payroll providers through a single connection point. The previous alternatives are manually time consuming and error-prone. These companies needed payroll connections to access the direct deposits and employment data they needed to do business and grow, but there was no easy and direct way. As the fast-growing ecosystem of Neobank and FinTech innovators emerges, we are faced with outdated systems that impede innovation, speed and efficiency. ![]()
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