“Can spare-change automation be turned into a full neobank that pays down consumer debt with every transaction?”
Qoins began in 2016 as a roundup-style automated debt-payoff tool, applying spare change toward customers' loans. In 2022 it pivoted into a full neobank by launching the Qoins Card debit product on Bond's embedded finance stack, attempting to extend its debt-payoff thesis to every swipe. The company ceased operations in June 2023 after failing to scale beyond ~10,000 paying customers and $3.26M raised.
Qoins discloses Bond Financial (FIS) as its banking provider, according to the Embedded Finance Index 2026.
Qoins does not disclose a bank charter of its own; its banking services are provided through Bond Financial (FIS).
Qoins's cards are issued through Bond Financial (FIS).
The Embedded Finance Index 2026 maps 2 layers in Qoins's stack: Banking / BaaS (Bond Financial (FIS)); Card issuing (Bond Financial (FIS)).
Qoins is founded in 2016 and headquartered in Atlanta, Georgia, United States.
Qoins has raised $3.26M in total.
Get a read on where your own stack stands against Qoins and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.