Clearchex

Cost effective instant mobile money based on existing bank accounts, not credit cards. Saves schools and businesses money.

  • Stage Full Product Ready
  • Industry Financial Services
  • Location Burlingame, CA, USA
  • Currency USD
  • Founded December 2012
  • Employees 6
  • Website clearchex.com

Company Summary

Pay cash with your smartphone. We currently work with all banks in the US leveraging existing accounts. We are a more efficient, cost effective and convenient solution for all types of money: credit cards, paper checks and cash.

Credit cards became popular in the '70s addressing bounced checks. New technology enables us to move money with more benefits: better security, visible balance, lower cost, user specific limits and more.

Team

  • Karen O'Rourke Malik
    President & CEO

    • 15 years of application development experience
    •Ran her own consulting business for 7 years
    •Built Stanford University’s first ecommerce environment which serviced many campus organizations
    •Projects included time at: Apple, HP, Oracle, Bank of America, Standard & Poor’s
    •Other startups included nCUBE (Larry Ellison investment) and enCommerce (bought by Entrust)

  • Praveen Sehgal
    CTO

    •Over 20 years in complex engineering roles delivering enterprise solutions
    •Founded, successfully ran and later sold an ecommerce portal
    •Managed over 70 applications covering wide range of services for JPMC the largest bank in US
    •Managed several key projects for The World Bank
    •Managed several key projects for US Dept of Treasury
    •Thorough understanding of banking systems, standards and security
    •6 year veteran of Oracle Corporation as T

  • Karen Malik

Advisors

  • Carlos Ellerbe of Wilson Sonsini
    Lawyer
    Unconfirmed

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