Neobanc operates on a win-win model where renters earn rewards, landlords receive timely payments, and we generate revenue—without charging users fees.
Here’s how:
• 5% Cashback? It’s (presently) a limited-time promotion paid from our marketing budget. Also, since we keep all the “would-be cashback” for the first year, this reduces our payback period and increases our retention per user.
• Proprietary payment technology – Our high-volume payment processing tech optimizes transaction flow, allowing us to negotiate unique margins with financial partners, processors and payment networks.
• Affiliate revenue – rent payments are normally account-to-account (ACA) payments (i.e. ACH, wire, e-transfer, cheque), so card payment networks typically don’t get a piece of the pie. So when we move what usually would be an ACA payment to them, they pay us a portion of what they earn.
These approaches, combined, make our model sustainable and profitable while ensuring renters are rewarded without fees or gimmicks. Industry veterans build Neobanc:
• Kyle Collier (CEO) has scaled multiple fintech startups with successful exits.
• Luis Parra (Cofounder, CTO) brings deep expertise in fintech compliance and payment infrastructure, having worked with the SEC and leading AI-driven financial systems.
With the right technology, partnerships, and expertise, we’ve created a system where renters win, landlords stay happy, and Neobanc thrives—without charging users a dime.
