Paybash careers

Paybash is a mobile-first community-based financial super app. It is the only application that seamlessly integrates and meets all of the banking and financial needs of our customer segment, which includes underbanked, immigrant, and youth populations. Features include mobile wallets, money transfer, bill pay, group funding, and community savings accounts (ROSCAs). While competitors primarily target traditional retail banking customers and often address only one or two of their many financial needs, Paybash is the only company that offers an all-in-one solution to a growing, underserved segment of the market.
Our core product is an automated Rotating Saving and Credit Association (“ROSCA”), also called a money pool. ROSCAs are a popular traditional method of saving used by underbanked communities in the US and around the world. Digitizing the ROSCA is an entry point to this underserved market and a way to bring the estimated $30B US ROSCA market into the world of digital banking.

75 million people in the US are underbanked. This includes 1st and 2nd generation immigrants, students, and low income Americans. These hard-to-reach customers often live paycheck to paycheck or save money with friends and family, and are often missed by banks and other financial services providers.
Challenges that underbanked face: high fees (remittances), bad record-keeping, fraud, lack of accountability and transparency (ROSCA), predatory lending, wasted time and money on administrative costs.