Lance Technical Briefing

About Lance

Lance is smart business banking for freelancers. Get state-of-the-art banking for freelancers & independents with automated budgeting tools, smart tax withholding & payment, $0 fees or minimums. Technical briefing by Oona Rokyta and Oren Reuveni.

Sponsors

V-Sum_Thirteen was made possible by Modern TreasuryIowaEDA, and Brale

Overview of Briefing

0:00-2:20

Oona Rokyta will be presenting this technical briefing. Oona starts the briefing by giving their focus and mission at Lance. 

2:20-3:50

Oona moves into the demonstration. We get to see the onboard interface of Lance, which is a typical KYB/KYC documentation, as well as an estimated yearly income. This allows Lance to recommend where your income should be allocated. 

3:50-4:43

After onboarding, we see the Stacks screen. Oona shows us where total balance is located within Lance and how it is distributed. 

4:43-5:53

We get to see a more in depth look into some of these Stacks and how they are funded. 

5:53-7:33

We then move into a look into the main account. This is a balance for business expenses and a transaction history for all funds located within Lance. 

Each transaction is labeled and updated with a tax status. 

7:33-8:28

Next we see Actions, where accounts can be funded by quick deposit, direct deposit, and from a payment application. 

Oona shows us how funds can be moved between Stacks. 

8:28-8:39

The last tab shows us the virtual and physical debit card information. This card can be added to an Apple Wallet.

8:39-9:08

Oona takes us back to the home screen where she highlights a business insights function. This will replace Quickbooks or other accounting systems that are used.  

We see how expenses, income, and taxes are tracked monthly. 

9:08-9:30

We see the last tab, the More menu. This is where reports are located and allocations can be edited. 

9:30-10:20

Oona closes out the demo with some final remarks regarding customer feedback and how they focus on the independent workforce. 

Lance is looking at launching more Stack options soon.