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One
One is a fintech company offering mobile banking, credit building, and digital wallet services through its OnePay app, backed by FDIC-member bank partners.
One
One is a financial technology company that provides consumer banking services through a mobile app. The company partners with Coastal Community Bank and Lead Bank, Members FDIC, to deliver its deposit and lending products. One's primary strategy focuses on consumer fintech, specifically mobile banking, digital wallets, and credit building. The firm's flagship product is the OnePay app, which bundles a debit card, cash-back rewards, a high-yield savings account, and early paycheck access. OnePay also offers a credit-building subscription, Credit Builder, for $1 per month, and a Walmart Rewards Card that earns 3% to 5% cash back at Walmart. There are no disclosed direct investments or corporate venture mandates. The scale of One's operations is signaled by its tens of millions of customers and more than 151,000 user reviews on Google Play. There are no disclosed data on assets under management, total funding, or employee headcount. One maintains a partnership-driven architecture that separates technology operations from regulated banking activities.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
—
Corporate office
—
Sector focus
Frequently asked questions
How does One deliver banking services without a bank charter?
One operates as a financial technology company, not a chartered bank. It partners with Coastal Community Bank and Lead Bank, both Members FDIC, to provide the underlying deposit accounts, debit cards, and lending products. One owns the customer relationship, app interface, and rewards program, while the partner banks handle regulatory compliance and balance-sheet obligations.
What role does Walmart play in One's product ecosystem?
One offers a co-branded Walmart Rewards Card that provides unlimited cash back on purchases at Walmart. Users earn 3% cash back at Walmart, which increases to 5% for Walmart+ members. Additionally, the OnePay digital wallet accumulates points redeemable for cash back when used at Walmart.
Does One function as a family office or an institutional investment manager?
No. One is a consumer-facing financial technology company that distributes banking products via a mobile app. Publicly available information does not indicate any family-office structure, proprietary investment portfolio, or allocation to external fund managers. It is a product company, not an asset manager.
What is One's Credit Builder product and how is it structured?
Credit Builder is a $1-per-month subscription service that helps users establish an installment loan-like credit history. It is an on-balance-sheet product provided through One's bank partners, with zero origination or interest fees. The service reports to major credit bureaus to help users build credit over time.
What is the relationship between One and its FDIC-insured bank partners?
One is a financial technology company that provides the customer-facing platform, while its partner banks—Coastal Community Bank and Lead Bank—hold the FDIC insurance, issue the debit cards, and provide the underlying accounts. This is a standard banking-as-a-service model: One designs the user experience and rewards, and the banks manage legal and regulatory compliance.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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