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 Treasury, IowaEDA, 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.