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CRESCENT IMP. EXP. TRD CO LT

Get up to $75M in FDIC eligibility and earn up to 5.49% with the first treasury management platform designed to protect and maximize business capital.
Country/AreaHong Kong
Company Emailsupport@crescent.app
Company website
Established-
https://twitter.com/crescent_app

Web Summary

Q1: What is Crescent's business model?
A1: Crescent is a financial technology company that provides high-interest business banking services through its online platform. It partners with OMB Bank, a Tennessee Corporation, Member FDIC, to offer banking services.

Q2: What products does Crescent offer?
A2: Crescent offers Crescent Cash, which is an online checking account that earns up to 3.90% annual percentage yield on the entire balance. This product allows businesses to earn interest on their deposits while maintaining protection for their capital.

Q3: In what industry does Crescent operate?
A3: Crescent operates in the financial technology and banking industries, specifically providing high-interest business banking services to companies.

Q4: What is the relationship between Crescent Financial Inc. and OMB Bank?
A4: Crescent Financial Inc. is a financial technology company that partners with OMB Bank, a Tennessee Corporation, Member FDIC, to provide banking services. OMB Bank places deposits at FDIC-insured institutions through IntraFi's ICS service.

Q5: What is the condition for pass-through FDIC deposit insurance coverage?
A5: To meet the conditions for pass-through FDIC deposit insurance coverage, deposit accounts at FDIC-insured banks in IntraFi's network that hold deposits placed using an IntraFi service must be titled and have their account records maintained in accordance with FDIC regulations.

Q6: What security measures does Crescent implement?
A6: Crescent implements bank-grade security measures, including two-factor authentication for enhanced account security and end-to-end encryption to protect sensitive information. The company also undergoes continuous testing for ongoing SOC 2 compliance.

Q7: What is the purpose of Crescent's Members only community?
A7: Crescent has an invitation-only community of 800+ top operators at leading tech companies across the globe, with 10,000 combined years of operator experience. This community includes 750 top CFOs from leading tech companies and is focused on supporting high-growth companies and funds.

Q8: What is the significance of Crescent's partnership with IntraFi?
A8: Crescent partners with IntraFi to provide banking services through its ICS service, which places deposits at FDIC-insured institutions. This partnership allows businesses to access millions in aggregate FDIC insurance across network banks while maintaining protection for their capital.

Q9: What is the annual percentage yield (APY) offered by Crescent?
A9: Crescent offers up to 3.90% annual percentage yield on its Crescent Cash accounts, which can earn interest on every dollar deposited through its bank partnerships.

Q10: Who provides banking services for Crescent customers?
A10: Banking services are provided by OMB Bank, Member FDIC, subject to the terms of the applicable ICS Deposit Placement Agreement.
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