Purple
Curated by SignalNeobank offering financial solutions for individuals receiving SSI benefits.
Overview
Purple operates as a neobank targeting individuals receiving Supplemental Security Income (SSI) benefits. Its main product is the ABLE Savings account, which is intended to assist users in saving for qualified expenses without affecting their benefits. The platform includes features such as spending limits, benefit tracking, early direct deposits, and smart Qualified Disability Expenses (QDE) routing. Aimed at individuals with disabilities, Purple offers mobile banking, contactless payments, and the ability to link Supplemental Nutrition Assistance Program (SNAP) Electronic Benefits Transfer (EBT) accounts. The company addresses the specific financial management needs of its target audience.
Key facts
- Founded
- 2020
- Headquarters
- Bonita Springs, United States
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Banks
Business model
- GTM channel
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- 7 products and services
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Contact
- Primary office
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