With 11Onze, you are pioneers: we are a fincom
For months we have been explaining what we are and why we are like this. It all responds to an idea: that Catalans can build our financial sovereignty. And, in the end, distilling and distilling, we have taken the shape we want: we are a community fintech, a fincom. And this model is a pioneer in the world.
Are there traditional banks? Yes, and we know how they work, that’s why we’ve dedicated a series of podcasts to protect ourselves from bank abuse. Community banks? Also exist! 11Onze President James Sène has often talked about how we have taken the example of African-American community banks in the United States. If you want to learn more about community banking, you can do so here. That fintechs already exist? Of course, they are an alternative model for the future, from which we have incorporated many ideas. But, in the world, 11Onze is a pioneer.
That’s why we needed a new word to explain ourselves: “fincom”, the contraction of fintech and community. And what does it mean to be a fincom? Imagine that we are like a small town, with a community of neighbours who want to specialise in the financial world. A fincom is a website where we learn to empower ourselves collectively.
And, as in any city, when you are part of the 11Onze community, you have La Plaça, a digital site that brings together all the services to build your financial independence: the financial institution, where you can open an account with El Canut; a school where you can Learn; a cinema and a radio with 11OnzeTV; a newspaper stand with the Magazine; and a neighbourhood with other users and the 24/7 attention of the agents. Later on, we will have a Marketplace where you can buy products and services. And, by the way, we even have our own currency, Les Peles!
So, if anyone asks you if 11Onze is a bank, the answer is simple: no, it is much, much more. Can 11Onze do everything a bank does? Progressively, yes, and we will do things that are unimaginable for a bank, because we are counting on you to do them. Let’s take a look back at how we have explained our fincom!
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