OurBanc
“Can a community-first fintech dismantle systemic banking barriers for African American, Hispanic, and Indigenous communities through transparent mobile banking and embedded financial literacy?”
Founded2020
HQRehoboth, MA (remote-first)
IndustryFintech / Neobank
The story
Founded in 2020, OurBanc set out to build a community-first mobile banking app targeting financially underserved communities in the US. The company operates as a fintech (not a licensed bank), relying on banking-as-a-service partner(s) for the regulated layer. As of the most recent SEC filing (2024), the company remains very early-stage with one employee and minimal assets, suggesting it is still in pre-launch or soft-launch phase.
Last 12 months
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Product timeline
2020
OurBanc Corporation incorporated in Delaware on November 2, 2020.· banking
2021
Launched a Wefunder crowdfunding campaign (OurBanc Corporation I, a series of Wefunder SPV, LLC) to raise community capital.· banking
2024
Filed SEC Form C-AR annual report disclosing total assets of approximately $156,255 and one employee.· banking
The stack
1 layer disclosed in OurBanc’s embedded-finance stack
Open banking
Accounting gap: none