We are a community of bankers, entrepreneurs, fintechies, and web3 enthusiasts, passionate about financial inclusion and committed to building a more empowering, and diverse financial system.

Historically, banks have viewed customers simply as a means to revenue. Their single aim has been to optimize their system to maximize profit. This has been great for business, but terrible for the end customer.

Looking at the statistics: · The average American loses money on his or her deposited funds when inflation is figured in. ·Big Banks have collectively decided the fair interest rate for the people is .01 percent ·The same Big banks plucked over $11 billion in overdraft fees out of their customers’ accounts just in 2019 ·People of color were up to 80 percent more likely to be denied mortgages in 2019

The system is broken.

Therefore, It is our vision to reorientate the banking system to focus on value creation rather than profit maximization. BankDAO represents a new system, WeFI: A community-driven and community-conscious financial system.

The idea is to own and operate a bank as a DAO, launching a token to utilize the benefits of web3 tools to level the playing field, creating a bank that gives back to its members.