Bree is building a challenger bank for the 11 million Canadians living paycheck to paycheck, starting with interest-free cash advances. We make money through tips and an optional, same-day express fee.
Bree is a Y Combinator company in the Summer 2021 batch. Its directory entry describes it as: Chime for Canada, starting with cash advances. The founders listed are Alexander Li (Founder), Adam Kang (Founder) (Y Combinator directory entry, July 15, 2021).
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New accelerator entry · 2021-07-15 · the record
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Bree is building a challenger bank for the 11 million Canadians living paycheck to paycheck, starting with interest-free cash advances. We make money through tips and an optional, same-day express fee. By solving our customers' most urgent problem—illiquidity between paychecks —our cash advance business is a cheap, but profitable and repeatable hook that builds distribution for a broader challenger bank. This represents a $9 billion revenue opportunity in Canada.
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