Who owns Charlie?
short answerCharlie is not itself a bank. It runs on a partner-bank (BaaS) model, where a licensed sponsor bank holds the deposits behind the app while Charlie builds the product and interface.
Is Charlie a licensed bank?
No — it runs on a sponsor bank (BaaS model). Licence detail: Partner bank (Sutton Bank); Visa debit; FDIC pass-through insurance.
Where is your money held?
Custody model: Custodial.
No sponsor bank or infrastructure provider is publicly documented for Charlie yet. Know one? Suggest it.
Who's behind Charlie?
Charlie was founded by Kevin Nazemi (2022), headquartered in Los Angeles, US.
Is my money safe with Charlie?
Deposits are held by Charlie's sponsor bank, so any insurance flows through that bank rather than Charlie. Check which sponsor holds your balance and whether it is passed through for per-customer coverage.
go deeperSee the full Charlie profile with every verified field, or Charlie alternatives. Raw fields: data.json.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.