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Cashbee is a simple savings app that takes care of your interests. The fintech was launched in 2018, with the aim of simplifying savings: creating an interest-bearing account in less than 6 minutes, security and availability of savings, choice of investments and attractive returns.
In addition, Cashbee is directly approved by the ACPR as a payment institution, and is registered with the ORIAS as a broker in banking and insurance operations.
Key market data
- In France the savings rate is about 14% of disposable income
- In 2020, French people’s savings jumped by 90 billion euros (4% of GDP in 2020)
- For 80% of savers, the main motivation is to face unexpected events first, before financing in long term or a project
The problem identified by Cashbee
- Creating savings accounts simply, in a secure way with personalized support
- Find simple solutions to be integrated with an approved institution
- The need for flexibility and security on the issue of incoming and outgoing transfers
The deployed solution
- Incoming SEPA Credit Transfers (SCT)
- Outgoing SEPA Credit Transfers (SCT)
- KYC management
- Opening accounts