We are able to take advantage of a recent development of cutting edge technology that helps to cut the middle man out of the equation. Through decentralized finance the lending and borrowing rates are not governed by a few men at the top, but driven by market demand and supply thus leading to higher yield. There is more than $90 Billion already locked in defi.
We take less and give you more
Our profit margin is 20%, which is significantly less than traditional financial institutions (80%).
Neev will never charge fees
No minimum balance, no overdraft fees, etc. With these savings, our customers can keep more in their pocket. The average American household pays ~$350 in fees to their bank each year. Who wants to be paying their bank? Not us.
Our team has more than a decade of experience in the financial and technology space. We have worked as an executive at Morgan Stanley applying Risk Management strategies for more than a billion dollar Asset Under Management, at Royal Bank of Scotland in their Risk & Analytics practice and at Union Bank Switzerland working in their Fixed Income business division.
Our educational backgrounds stem from MIT, Iowa State University, and Indian Institute of Technology.
How is Neev able to offer 5% APY?
Cut the middle-man out (banks)
We are able to take advantage of a recent development of cutting edge technology that helps to cut the middle man out of the equation. Through decentralized finance the lending and borrowing rates are not governed by a few men at the top, but driven by market demand and supply thus leading to higher yield. There is more than $90 Billion already locked in defi.
We take less and give you more. Our profit margin is 20%, which is significantly less than traditional financial institutions (80%).
Neev will never charge fees. No minimum balance, no overdraft fees, etc. With these savings, our customers can keep more in their pocket. The average American household pays~$350 in fees to their bankeach year. Who wants to be paying their bank? Not us.
Our team has more than a decade of experience in the financial and technology space. We have worked as an executive at Morgan Stanley applying Risk Management strategies for more than a billion dollar Asset Under Management, at Royal Bank of Scotland in their Risk & Analytics practice and at Union Bank Switzerland working in their Fixed Income business division.
Our educational backgrounds stem from MIT, Iowa State University, and Indian Institute of Technology.
Our Team
Our team has more than a decade of experience in the financial and technology space. We have worked as an executive at Morgan Stanley applying Risk Management strategies for more than a billion dollar Asset Under Management, at Royal Bank of Scotland in their Risk & Analytics practice and at Union Bank Switzerland working in their Fixed Income business division.
Our educational backgrounds stem from MIT, Iowa State University, and Indian Institute of Technology.
Nirav Kamdar
Co-founder | CEO
Nirav started his career as a java developer building credit card reward systems for American Express. Apart from having expertise in building financial systems, Nirav has spent time at Microsoft and Salesforce as Product Manger. He graduated with a degree in computer science & has a masters in Mangement Information Systems
Venkat Teja
Co-founder | VP OF ENGINEERING
Apart from being an Algo-trader Venkat has deep expertise in building blockchain based systems. Venkat Teja worked at Finmechanics. He was responsible for building Cross-Asset trading and risk management platforms for capital & money markets for some of the top banks. He graduated from IIT Madras with a degree in Engineering & Product Design.
Sudeep Lahiri
FOUNDING INVESTOR
Sudeep spent most of his career as an executive at Morgan Stanley applying Risk Management strategies for more than a $1B AUM. He had worked at Royal Bank of Scotland in their Risk & Anlaytics practice and at Union Bank Switzerland working in their Fixed Income business division. He received his Doctorate from MIT and Masters from Iowa State University. He also has a degree from IIT Kanpur.
Juston Berg
Skale Ventures | Angel investor
Nishi Gupta
Legal Counsel
Staci Follante
Customer Strategy & Operations | People Person
PREM PRADEEP
PRODUCT DESIGNer | Visual Artist
Soumyadeep
Quantitative Analyst | Math Wizard
Eugene Kadish
ENGINEER @ CELSIUS NETWORK | Advisor
Chaitanya Chinni
cto @ ynos | technology
Our values
Our reputation is everything to us. We take immense pride in showcasing our strong value system through our day to day work. Our core values are as follows:
Trust
Our customers trust is always top of mind. We have zero tolerance for unethical or questionable business practices and behaviors.
Honesty and Transparency
Neev will always provide full transparency to our customers. Everything is an open book, no secrets. We believe our customers, employees and business partners deserve full transparency.
Customer first
Our customers are our priority with everything we do. We think about customers' needs first and work backwards to find a solution. For Neev; the customer comes first, followed by the business
Innovation
We did not start Neev to be ordinary. We are here to change the status quo by disrupting the existing financial service industry and to democratise financial access to all
OUR MISSION
Financial well being for all!
We are here to make sure you get the returns you deserve for your hard earned money
Get wiser with your savings!
We are here to make sure you get the returns you deserve for your hard earned money
We are able to take advantage of a recent development of cutting edge technology that helps to cut the middle man out of the equation. Through decentralized finance the lending and borrowing rates are not governed by a few men at the top, but driven by market demand and supply thus leading to higher yield. There is more than $90 Billion already locked in defi.
We take less and give you more
Our profit margin is 20%, which is significantly less than traditional financial institutions (80%).
Neev will never charge fees
No minimum balance, no overdraft fees, etc. With these savings, our customers can keep more in their pocket. The average American household pays ~$350 in fees to their bank each year. Who wants to be paying their bank? Not us.
Our team has more than a decade of experience in the financial and technology industries. We have built our careers in finance with companies such as Morgan Stanley, RBS, and UBS and technology companies such as Microsoft and Salesforce. Our educational backgrounds stem from MIT, Iowa State University, and Indian Institute of Technology.
Read more about our journey
Our Team
Our team has more than a decade of experience in the financial and technology space. We have worked as an executive at Morgan Stanley applying Risk Management strategies for more than a billion dollar Asset Under Management, at Royal Bank of Scotland in their Risk & Analytics practice and at Union Bank Switzerland working in their Fixed Income business division.
Our educational backgrounds stem from MIT, Iowa State University, and Indian Institute of Technology.
Nirav Kamdar
Co-founder | CEO
Nirav started his career as a java developer building credit card reward systems for American Express. Apart from having expertise in building financial systems, Nirav has spent time at Microsoft and Salesforce as Product Manger. He graduated with a degree in computer science & has a masters in Mangement Information Systems
Venkat Teja
Co-founder | VP OF ENGINEERING
Nirav started his career as a java developer building credit card reward systems for American Express. Apart from having expertise in building financial systems, Nirav has spent time at Microsoft and Salesforce as Product Manger. He graduated with a degree in computer science & has a masters in Mangement Information Systems
Sudeep Lahiri
FOUNDING INVESTOR | Chief risk officer
Nirav started his career as a java developer building credit card reward systems for American Express. Apart from having expertise in building financial systems, Nirav has spent time at Microsoft and Salesforce as Product Manger. He graduated with a degree in computer science & has a masters in Mangement Information Systems
Juston Berg
Skale Ventures | Angel investor
Nishi Gupta
Head of Compliance @ eco.com | Legal Counsel
Staci Follante
Customer Strategy & Operations | People Person
PREM PRADEEP
PRODUCT DESIGNer | Visual Artist
Soumyadeep
Quantitative Analyst | Math Wizard
Eugene Kadish
ENGINEER @ CELSIUS NETWORK | Advisor
Chaitanya Chinni
cto @ ynos | technology
High returns, safety, and transparency
Welcome to the most secure and profitable investment space Welcome to the most secure and profitable investment space
Do more with your money - 5% APY
There is no other savings account you would find in the market that provides 1% APY and guarantees to protect your money. Plus no minimum balance required.
Do more with your money - 5% APY
There is no other savings account you would find in the market that provides 1% APY and guarantees to protect your money. Plus no minimum balance required.
Do more with your money - 5% APY
There is no other savings account you would find in the market that provides 1% APY and guarantees to protect your money. Plus no minimum balance required.
High returns, safety, and transparency
Welcome to the most secure and profitable investment space Welcome to the most secure and profitable investment space
Do more with your money - 5% APY
There is no other savings account you would find in the market that provides 1% APY and guarantees to protect your money. Plus no minimum balance required.
Do more with your money - 5% APY
There is no other savings account you would find in the market that provides 1% APY and guarantees to protect your money. Plus no minimum balance required.
Do more with your money - 5% APY
There is no other savings account you would find in the market that provides 1% APY and guarantees to protect your money. Plus no minimum balance required.
How is Neev able to offer 5% APY?
The answer is very simple - banks could also give you 3-10%, they just don’t want to.
By removing ourselves from the bureaucracyof a big bank, we are able to access more appealing rates. We get you higher rates than the bank can pay.
Neev will never charge additional fees. With these savings, our customers can keep more in their pocket. The average American household pays ~$350 in fees to their bank each year. Who wants to be paying their bank? Not us.
Here are a few frequently asked ones to help you out. Feel free to call us, and we’ll be there to answer your queries:
Nirav Kamdar, Co-founder
206-702-4458
How is Neev different from a bank ?
We are disrupting the traditional financial market by giving back more to our customers. Banks typically take large profit margins (80%), Neev operates on a 20% profit margin.
How do I know my money is safe?
Your money is protected via insurance policies we have in place. In case anything happens to the money you deposited, insurance will cover to pay back your deposits. We have a world-class team that has more than a decade worth of risk management experience in managing billions of dollars for renowned financial institutions (Morgan Stanley, RBS, and UBS) and have studied at MIT & ISU. We take intense efforts in protecting your money.
Why doesn’t my bank offer this high APY?
The answer is very simple — banks could also pay you 3–10%, they just don’t want to. If we’ve learned anything in the last hundred years, it’s that they certainly don’t have to pay you above 1% because we’re giving them our hard-earned cash for almost nothing in return. Banks have gotten away with lowering the payout rate as they merged with other banks reducing competition and paying depositors the bare minimum in interest while keeping most of the profits for themselves.
How are you compliant with local laws?
We strive to comply with all the local and federal laws. We take regulation seriously and comply with all federal and local authority as applicable by the law.
How do we know the banking details that I provide to you are safe?
We do not store your banking details on our databases. We use industry standard bank authentication API Plaid. Plaid is the Industry’s most trusted and recommended API for bank related authorization. Other users include Goldman Sachs, TrueBill, Bank of America, Coinbase. Any financial information that you provide is used by Plaid for authorization purposes only.
How do I know my personal details that I provide to you are safe?
Your information is securely stored on our servers and are only used to verify, identify and be compliant with local laws. We do not sell your data to third parties. Personal data like, Name, Email, SSN Number is stored on our databases with the highest level of encryption.
Our values
Our reputation is everything to us. We take immense pride in showcasing our strong value system through our day to day work. Our core values are as follows:
Trust
Our customers trust is always top of mind. We have zero tolerance for unethical or questionable business practices and behaviors.
Honesty and Transparency
Neev will always provide full transparency to our customers. Everything is an open book, no secrets. We believe our customers, employees and business partners deserve full transparency.
Customer first
Our customers are our priority with everything we do. We think about customers' needs first and work backwards to find a solution. For Neev; the customer comes first, followed by the business
Innovation
We did not start Neev to be ordinary. We are here to change the status quo by disrupting the existing financial service industry and to democratise financial access to all
OUR MISSION
Financial well being for all!
We are here to make sure you get the returns you deserve for your hard earned money
We are here to make sure you get the returns you deserve for your hard earned money
We know you have a lot of questions
Here are a few frequently asked ones to help you out. Feel free to call us, and we’ll be there to answer your queries:
How is Neev different from a bank ?
We are disrupting the traditional financial market by giving back more to our customers. Banks typically take large profit margins (80%), Neev operates on a 20% profit margin.
How do I know my money is safe?
Your money is protected via insurance policies we have in place. In case anything happens to the money you deposited, insurance will cover to pay back your deposits. We have a world-class team that has more than a decade worth of risk management experience in managing billions of dollars for renowned financial institutions (Morgan Stanley, RBS, and UBS) and have studied at MIT & ISU. We take intense efforts in protecting your money.
Why doesn’t my bank offer this high APY?
The answer is very simple — banks could also pay you 3–10%, they just don’t want to. If we’ve learned anything in the last hundred years, it’s that they certainly don’t have to pay you above 1% because we’re giving them our hard-earned cash for almost nothing in return. Banks have gotten away with lowering the payout rate as they merged with other banks reducing competition and paying depositors the bare minimum in interest while keeping most of the profits for themselves.
How are you compliant with local laws?
We strive to comply with all the local and federal laws. We take regulation seriously and comply with all federal and local authority as applicable by the law.
How do we know the banking details that I provide to you are safe?
We do not store your banking details on our databases. We use industry standard bank authentication API Plaid. Plaid is the Industry’s most trusted and recommended API for bank related authorization. Other users include Goldman Sachs, TrueBill, Bank of America, Coinbase. Any financial information that you provide is used by Plaid for authorization purposes only.
How do I know my personal details that I provide to you are safe?
Your information is securely stored on our servers and are only used to verify, identify and be compliant with local laws. We do not sell your data to third parties. Personal data like, Name, Email, SSN Number is stored on our databases with the highest level of encryption.
Nirav Kamdar, Co-founder
206-702-4458
Operations and Security
Security is of utmost importance
We have invested significant amount of time and capital into building first-class infrastructure
Legal
We are a Delaware incorporated company registered as "Neev Technologies Inc".
Security
256- bit encryption. We encrypt all customer data using 256 bit encryption and SSL
Banking
Plaid, Inc. All banking details are safely and securely handled via Plaid, Inc.
Payments
We use industry leading partners like Plaid and Stripe to support and process all money related transactions
Protection
All accounts at Neev are protected against market and credit risk
Building the next generation banking
Welcome to Neev!
Neev is an online technology platform, offered by a technology company with the name “Neev Technologies Inc.” (henceforth referred to as the “firm”), to provide a trusted deposit facility where the deposited amounts are protected by the third parties along with earning competitive interest, through diverse products offered by third party services
The firm is an initial-stage start-up company and aspires to launch products benefiting customers adhering to regulatory guidance to its best knowledge. The firm again welcomes customers and encourages customers to engage with the firm through our Beta-testing interface, which is used to improve current offerings and to introduce new products.
Neev Technologies, Inc. is registered as a Money Services Business (MSB) number 31000211554655 with the US Financial Crimes Enforcement Network (FinCEN).
Principal Protected High-Yield Account (PPHYA):
Neev Technologies operates as Neev platform which allows you to create and maintain an Account, which, together with the Third Party Services, allows you to buy, receive, hold and transfer funds in virtual currency in accordance with the terms of this User Agreement(the “Neev Services”). Deposits. The Neev Platform allows you to link your bank account and complete deposits into your Account via automated clearing house (“ACH”) transfer. When you complete a “deposit” from your bank account into your Account, you are exchanging your U.S. Dollars (or other supported fiat currency) for USDC through a Third Party Provider which will then be credited to your Account balance (a “Deposit”). Following a Deposit, your Account may not be credited for up to five (5) business days so that the transfer from your bank account has time to process. The name on any linked bank account you use for Deposits must match the name associated with your Account.
Recurring Deposits. You may initiate recurring deposits into your Account, in which case you authorize us to initiate recurring electronic payments in accordance with your selected amount, such as recurring ACH debit entries from your linked bank account, or direct deposits from your payroll provider (“Recurring Deposits”). Your recurring transactions will occur in identical, periodic installments, based on your period selection (e.g., daily, weekly, monthly), until either you or Neev cancels the recurring order. If you select a U.S. bank account as your payment method for a recurring transaction, and such transaction falls on a weekend or holiday, or after bank business hours, the ACH credit or debit will be executed on the next business day. If your bank is unable to process any electronic ACH debit entry, we will use commercially reasonable efforts to notify you of cancellation of the transaction and notify you of your options to try again or otherwise work with your bank.
Alternative Deposit Methods. Neev may also support deposits via alternative methods such as wire transfer or virtual currency transfer in its sole discretion. Withdrawals. The Neev Platform allows you to link your bank account and complete withdrawals from your Account via ACH transfer. When you complete a “withdrawal” from your Account to your bank account, you are exchanging your USDC for U.S. Dollars through a Third Party Provider, which will then be transferred to your linked bank account (a “Withdrawal”). Following a Withdrawal, your Account will immediately be debited for the amount of the Withdrawal, but your bank account may not be credited for up to five (5) business days so that the transfer to your bank account has time to process. Once Neev has initiated a Withdrawal following your instructions the timing of the availability in your bank account may be further delayed by your bank. The name on any linked bank account you use for Withdrawals must match the name associated with your Account.
Transaction Processing. You cannot cancel, reverse, or change any Deposit, Recurring Deposit or Withdrawal (each, a “Transaction”) once submitted and marked as complete or pending. If your Transaction is not successful for any reason, if your payment method has insufficient funds, or if you reverse a payment made from funds in your bank account, you authorize Neev, in its sole discretion, either to cancel the transaction or to debit your other payment methods, including your Account balance or other linked accounts, in any amount equal to the Transaction amount. You are responsible for maintaining an adequate balance and/or sufficient credit limits in order to avoid overdraft, non-sufficient funds (NSF), or similar fees charged by your bank account or payment provider. We reserve the right to refuse to process, or to cancel or reverse, any Transaction in our sole discretion, even after funds have been debited from your account(s), if we suspect the Transaction involves (or has a high risk of involvement in) money laundering, terrorist financing, fraud, or any other type of financial crime; in response to a subpoena, court order, or other government order; if we reasonably suspect that the Transaction is erroneous; or if we suspect the Transaction or your actions on the Neev Platform violate this User Agreement.
Holding an Account Balance. The Neev Platform allows you to maintain an Account balance for the purpose of completing subsequent Transactions or Payments and earning Rewards. Third Party Services. When you complete a Deposit, Recurring Deposit, Withdrawal or hold a balance in your Account on the Neev Platform, such activities are Third Party Services provided by a Third Party Provider. Other than as explicitly set forth in this User Agreement, all such activities relating to your Account are governed by the applicable Third Party Terms that you have agreed to with such Third Party Provider. Once any Transaction has been successfully processed and deposited or withdrawn from your Account, Neev shall bear no further liability for such funds or for any activity related to such funds or your Account.
Availability of Third Party Services. We reserve the right to change, suspend, or discontinue the availability of any Third Party Services on the Neev Platform at any time, including hours of operation or availability of any feature, without notice and without liability. Changes to Neev Services. We reserve the right to change, suspend, or discontinue any aspect of the Neev Services at any time, including hours of operation or availability of any feature, without notice and without liability. Suspension of your use of any of the Neev Services will not affect your rights and obligations pursuant to this Agreement.
Interest Rewards.You may receive interest on the balance held in your Account (“Interest Rewards”), represented as an annual percentage rate (“Applicable Interest Rate”). Such Interest Rewards will be paid by the applicable Third Party Provider that is custodians of your Account balance in accordance with applicable Third Party Terms, but Neev will facilitate you receiving the Interest Rewards into your Account. You acknowledge that Neev may receive compensation in connection with such activities in excess of the Interest Rewards paid or payable to you. You further acknowledge that such activities could result in the loss, or loss of value, of your Account balance.