Outlet Is A Niche Lending Service That Works Like A Savings Account.
We connect you with our network of overcollateralized lending partners, and match you with the highest yield. We do so in a smooth, and secure app that looks, acts, and feels like a savings account.
Funds are routed using API's
Funds are moved through money transmitters and fully regulated entities.
Sensitive data is never stored by Outlet
The only personal data we store is your name, phone number, and E-mail.
Funds are stored in encrypted wallets
Outlet is built on the Ethereum blockchain. All funds are stored in a wallet, and are ERC-20 digital assets.
Funds are held by our custody partner
Funds on Outlet are covered by third party insurance/coverage providers, and are upheld to SOC 2 Type II security standard.
How You Use The App
1. Verify Your Identity
We use Onfido to verify your identity and be fully complient. Outlet does not save or store sensitive information.
2. Link Your Traditional Bank Account
Outlet can connect with any bank that uses Plaid. Roughly 9,600 banks in the U.S alone.
3. Transfer Money
Transfer money to and from your traditional accounts is easy. ACH transfer money to and from your account.