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词条 Draft:Azlo (bank)
释义

  1. History

  2. Business Model

  3. References

{{AFC submission|d|corp|u=36Stallion|ns=118|decliner=Gene93k|declinets=20190113234357|ts=20190107194907}} {{AFC submission|d|corp|u=36Stallion|ns=118|decliner=SamHolt6|declinets=20190105030156|reason2=adv|small=yes|ts=20190105003034}} {{AFC comment|1=Draft lacks references that indicate significant coverage by independent reliable sources. Three of the four citations come from the company or its partner. The fourth lacks necessary depth of coverage as it is mainly about another company. • Gene93k (talk) 23:43, 13 January 2019 (UTC)}}
{{Infobox company
| name = Azlo Business, Inc.
| foundation = {{start date |2017}} in San Francisco
| founders = Brian Hamilton
Cameron Peake
| parent = Banco Bilbao Vizcaya Argentaria
| location_city = San Francisco, California
| area_served = United States
| key_people = {{Unbulleted list|Brian Hamilton (CEO)|Cameron Peake (COO)}}
| industry = Financial services
| homepage = {{URL|https://azlo.com/}}
}}

Azlo is a U.S.-based online banking service that offers FDIC-insured business checking accounts through a partnership with BBVA Compass. Azlo does not charge fees for its services, and partners with the Allpoint network for access to around 55,000 surcharge-free ATMs.

History

  • Azlo was founded in early 2017 by Brian Hamilton and Cameron Peake.[1]
  • BBVA invested in Azlo and helped to incubate the business in their New Digital Businesses unit in San Francisco.[2]
  • In February 2018, Azlo launched to the public.[3]
  • When mobile business banking startup Seed announced it was shutting down in November 2018, Seed recommended their customers migrate to Azlo.[4]

Business Model

Azlo is entirely online and has no physical branches. Instead, customers access their accounts through the Azlo website or mobile apps for Android and iOS. Azlo earns revenue from merchant interchange fees and by collecting interest on deposits. They plan to explore lending in the future.

References

1. ^{{cite web |title=Azlo Launches the First Digital Business Banking Platform Focused on Empowering Millennials and Diverse Entrepreneurs in the New Economy |url=https://www.prnewswire.com/news-releases/azlo-launches-the-first-digital-business-banking-platform-focused-on-empowering-millennials-and-diverse-entrepreneurs-in-the-new-economy-300599095.html |website=PR Newswire}}
2. ^{{cite web |last1=Semple |first1=Chris |title=BBVA partners with new venture Azlo to help bank underserved entrepreneurs |url=https://www.bbva.com/en/bbva-partners-new-venture-azlo-help-bank-underserved-entrepreneurs/ |website=BBVA|date=2018-02-15 }}
3. ^{{cite web |last1=Noto |first1=Grace |title=BBVA-Backed Digital Bank Azlo Launches in the U.S. |url=https://bankinnovation.net/2018/02/bbva-backed-digital-bank-azlo-launches-in-the-u-s/ |website=Bank Innovation}}
4. ^{{cite web |last1=Alois |first1=JD |title=Mobile Bank Startup Seed Shuts Down |url=https://www.crowdfundinsider.com/2018/11/140834-mobile-bank-startup-seed-shuts-down/ |website=Crowdfund Insider|date=2018-11-02 }}
Category:Financial services companies of the United StatesCategory:Software companies of the United StatesCategory:Technology companies established in 2017Category:Online banksCategory:500 Startups companies
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