Debank is a bank startup located in Trondheim that focuses on small and medium sized businesses. A common challenge for those companies is liquidity and cash flow control. Do we have enough cash next month for rent? How will the next three months be financially? We set us a goal to reinvent banking for small businesses using technology. Nothing less.
Instead of the traditional online bank transcripts we chose a "magic" timeline with overview and control over all aspects of your business in one place. The timeline would include incoming and outgoing invoices (via a connection to the business ERP system) as well as all other transactions in the account. In addition to the timeline the user would also have access to a scrollable visual graph timeline showing the historic and future account balance. The graph would use connection to the ERP system as well as learn from historic transactions to estimate and predict future balance (and potensial liquidity issues) in the account.
Included in the timeline is also a one-click solution to sell your outgoing invoices if you dont want to wait until the due date for the cash to come in. A chat with customer agents from the bank is also integrated and accessible from each transaction in the bank timeline for fast and simple dialog with professionals.
Banking. Reinvented.