ChowBanQ, a fintech company, is considering going public with its platform that allows users to trade and make payments between “buckets.” Each online banking account is considered a bucket, which can be used to make payments between accounts or even between banks. The individual buckets can be filled and refilled as needed, and users can place their buckets on an interest generating term deposit or savings list to earn interest. The platform aims to benefit merchants, contractors, and individuals by removing card fees, reducing exchange rates, and providing better identity protection. Transactions can be initiated through a simple messaging system and a proof of sale file upload. ChowBanQ’s software takes care of the rest. The company is inviting users to sign up for an account, which takes less than three minutes to get approved.
ChowBanQ: Trading and payments platform ready to IPO with buckets!
