Show HN: We open sourced a $50M neobank

Show HN: We open sourced a $50M neobank(hackclub.com)

28 points by garyhtou 1 year ago | 4 comments

Open sourcing our neobank for nonprofits has been years in the making. We shared our initial launch here back in 2019 (https://news.ycombinator.com/item?id=19257241). Today, I’m happy to announce that our Ruby on Rails codebase is public on GitHub!

Agreed3750 1 year ago |

Great stuff, just wondering how fast there will be a major security hole. Has HCB been audited by any third party security vendors yet?

sampoder 1 year ago | |

Yes - we've worked with a third party security advisors to make this happen!

If this stuff does interest you or anyone else here, we'd always welcome advice / support. I had some great conversations with folks over the summer embarking on this project. sam [at] hackclub [dot] com if anyone is interested.

Also, FYI for anyone: https://github.com/hackclub/hcb/blob/main/SECURITY.md

davidajackson 1 year ago |

That's cool. What's your motivation here? Just to build cool stuff, or is this a business? No agenda just wondering.

garyhtou 1 year ago | |

Thanks! We started as a 501(c)(3) nonprofit focused on after-school programming clubs and high school hackathons. We were working with high schoolers across the country and noticed that teenagers lacked the necessary financial infrastructure to run in-person events. For example, receiving money from a sponsor to buy pizza. We built HCB to give them essential tools like a donation page, invoicing system, and debit cards.

Since then, it's grown to a platform that supports not only high school hackathons, but nearly any nonprofit-related mission, including robotic teams and local food banks. We're still an educational nonprofit centered around high school coding clubs, but HCB is a tool we maintain to better empower these high schoolers.