Blog

Insights and guidance from industry experts

Our team has worked in the industry for years, and we’re here to share what we have learnt with you.

New Company or Delaware Flip?

We have written about Delaware flips in detail, but because the process can be costly, some founders seek ways to circumvent this need by winding up their existing startup and setting up a Delaware structure and overseas subsidiary from scratch. The hope is that by doing this, you can use online, off-the-shelf incorporation and save thousands in fees. It's also substantially faster. The sad news is it's probably going to cost you more in hidden costs and potential penalties, not to mention issues with shareholders at a later stage.

Saturday, 16 December 2023

Startup Guide to Intragroup Transfers

Need to transfer funds between your companies? Here's how to do it compliantly, avoiding common pitfalls. Why transfer money between entities? More and more start-ups are structuring their legal entities using holding companies (parent companies, or top companies, however you choose to call it) and use a subsidiary company for operations, often overseas.

Saturday, 16 December 2023

Moving money between companies: A guide

Given the abundance and within-reach knowledge around how to run a successful multi-entity company, cash crossing borders to fund global expansion is still a compliance nightmare among those who dare go beyond the confines of their local jurisdictions. “Click-to-send-money” is too easy in the eyes of tax authorities. So while you sit back and munch on cake over a Zoom call with the new team you’ve just formed and financed over in the States, you better have a spare slice for the tax collector.

Tuesday, 14 March 2023

Why open multiple entities?

In today's wild world of business, it's not enough to do business based from one location or simply hiring from your local job board. You got to get all fancy and use complex organisational structures to get ahead of your competition by taking advantage of tax benefits, the best talent and access to capital from across the world. One way to do that is by creating a multi-entity company.

Tuesday, 14 March 2023

Rebank’s biggest ever update.

As we begin 2023, we’re narrowing our focus to help businesses solve the complexities of intercompany and transfer pricing agreements. We believe the administrative burden of preparing and maintaining these agreements has secretly become a major distraction for default global businesses. We’re in private beta and are launching later this year - we’d love it if you joined us for the ride.

Tuesday, 21 February 2023

Founders’ Perspective: Fewer Economic Doomthreads, More Learning & Action

A few minutes on social media might convince you we’re entering an economic apocalypse. However the barrage of advice from commentators (mainly VCs), must remind us that VCs are not macroeconomists. In times like this, as a startup Founder & CEO, I make it a goal not to get sucked into the commentary (If you're looking for a summary, check the end of this article). Though I want to read all the thought pieces and decks on the economy, I strive to focus on what I can see and control within my own company.

Monday, 13 June 2022

Y combinator - Everything you need to know about receiving US investment.

Getting into an accelerator can change the trajectory of a startup. There’s no better than Y combinator. However, getting your financials to receive investment can be daunting. So here is everything you need to know. Here’s Onfolks story.

Monday, 28 February 2022

What Exactly is FX and Why is it Important to Know How it Works?

Discover what FX is and how it can affect your international payments (and what you need to know before making your next overseas transaction). The majority of businesses now trade internationally, and that’s a non-negotiable fact of the 21st century. If you’re regularly dealing with folks from Spain to Saudi Arabia and everywhere in between, chances are you’ll already be well aware of the ins and outs of transferring funds internationally, converting currency, and the fees and markups FX desks make along the way.

Tuesday, 15 February 2022

The Financial Tools Your Startup Needs to Succeed

The financial tools you need to be using to successfully run your business. Financial tools don’t come in one-size-fits-all and—with so many platforms out there—knowing what functionalities you need to effectively run your business can quickly become overwhelming. That’s why, after working with many of the best performing startup businesses, we’ve gained a solid understanding of what a typical finance stack should look like and we’re here to share our findings with you.

Monday, 10 January 2022

Our December guide for start-ups

Are you ready for the festive break? Our December guide for start-ups. The season of goodwill is upon us, so here at Rebank, we thought we’d gift our growing community of start-ups with a best-practice guide to getting your finances in order before the New Year. From compliance and payroll to end-of-year bookkeeping, we want to help you take a well-earned break for the holidays, without the stress of unpaid bills or irate shareholders.

Tuesday, 14 December 2021

Things to know when selling in the US from an overseas company

Five-steps to making your mark in the USA As any growing business will tell you, when it comes to international expansion, the US market presents an undeniably exciting and lucrative opportunity. Regardless of your sector, with over 330 million potential customers, it’s easy to see why so many ambitious businesses see this market as key to long-term success.

Wednesday, 17 November 2021

What is transfer pricing?

Transfer pricing is needed when two connected (same group/ownership) companies transact. E.g. sending money in return for overseas staff, software licenses, or other services. The amount sent has to be as if the companies were unconnected, so you can't use it to avoid tax, and you also can't send just the amount needed. The transfer pricing rules set how you should calculate this mark-up.

Tuesday, 20 July 2021

How We Got Into Y Combinator (Part 2)

In part 1 I covered the first few months of rebank and how we were invited to YC but didn't make it past the face-to-face interview. This second part breaks down how we came back from that no to be accepted into the W19 batch. Failure is something you get used to as a founder. The starting point for most founders' understanding of what customers want is almost always wrong, but with fast learning and iteration you get closer to being mostly right. This pattern repeats itself in everything that you do as a founder - we took feedback from YC and iterated. This is how it panned out.

Tuesday, 29 June 2021

How to calculate and pay Delaware Franchise Tax

TL;DR - Delaware Franchise Tax is a fee payable each year before March 1st for companies incorporated in Delaware. The steps to calculate are fairly simple and the whole process can be done in under 15 mins. What is Delaware Franchise Tax?

Friday, 18 June 2021

How We Got Into Y Combinator (Part 1)

If you're a founder or employee at a startup you may have heard of Y Combinator. It’s one of the most sought-after Silicon Valley accelerators that’s harder to get into than Harvard and a complete game-changer for startups. Depending on your source, the Y Combinator acceptance rate is between 1.5% to 3%. There is no formula for getting into YC. Every founding team's story is different to ours, which makes for a diverse group of companies. Each year batches have more international founders, P.O.C and underrepresented minorities too. This is our YC application journey. I hope reading this encourages you to apply.

Friday, 18 June 2021

Startup hiring in 2024 (Remote working, Employment, Contractors EXPLAINED)

Remote working is more popular than ever. With distributed teams scattered across the globe, the question of how to work with your international team is an important one. Should you contract or employ full-time, which is better, and what's the impact. We discuss the pros and cons to help you navigate the uncertainty.

Friday, 18 June 2021

Can I raise investment by opening a US company?

An investor insists on a US company to invest in. They like your product but you have a overseas company. Can you just open a US subsidiary for a few hundred dollars online and then send them the bank details to take in the cash? Short answer, no.

Wednesday, 16 June 2021

7 secrets to help you manage your startup finances

"How do startups manage without an in-house accountant?" I was asked this question by a junior accountant recently. To those of you who are entrepreneurs it may sound silly, because of course you manage, plus you can't afford luxuries like accountants in the early days, right?

Tuesday, 15 June 2021

8 essential finance steps after your seed round

YOU👏DID👏IT👏 Congratulations. Genuinely. Any raise is always a big deal. Once you are over the "I've finally closed my round" hangover and sufficiently rehydrated, you will be pleased to know there is yet more admin to come. Lucky you, right?

Friday, 4 June 2021

How to do a Delaware Flip

Flipping your company to Delaware means changing your corporate structure to create a holding company in Delaware that owns your existing company. This creates a 'group structure' with the Delaware parent company at the top.

Friday, 4 June 2021

8 essential tasks after a Delaware flip

You did it, and you even paid that eye watering legal bill that went with your Delaware flip... We will make this as easy for you as possible as by now you are probably over this process and eager to get back to doing what you do best, building something people want. Here's our cheat sheet for international startups that have set up a US Inc. as a holding company:‍

Wednesday, 2 June 2021

What is a Delaware Flip? A Startup Guide.

Your company’s legal structure is the last thing on the mind of most founders when they first get started. Soon after finding early traction though, some companies begin thinking about expanding into the US; which could mean taking investment from US investors, selling to US companies or both.

Thursday, 27 May 2021

Building a product using Shape Up methodology.

Like many startups, as our team at rebank began to grow we defaulted to a rudimentary form of “Agile” or Scrum to manage product delivery better. Two-week “sprints”, tasks in a Trello board, daily stand-ups, product backlogs and so on. I’d used similar processes working for a couple of other startups prior to founding rebank, and we decided to default to what was most common thinking that was the right way to go for us at this stage of the company.

Friday, 14 May 2021

Traction, meet user research!

I joined the team at rebank last year and was presented with a challenge by the founders. Here’s what we learned! ‍The challenge‍ We needed to conduct plenty of research, but we didn’t want to ask existing customers to commit to multiple research sessions (as we hated the idea of taking up lots of their valuable time).

Friday, 14 May 2021

What is a Regulatory Sandbox?

Rebank took part in the FCA Sandbox back in 2018. What happens in a Regulatory Sandbox is largely misunderstood so we talk about it here! Back in September 2017, participants of the Third FCA Sandbox were announced and Rebank was amongst them. The Regulatory Sandbox is a twice-yearly program that the Financial Conduct Authority (“FCA”) runs where new, innovative ideas can be safely tested allowing the FCA to learn about new technologies in the process.

Friday, 14 May 2021

How to open your first corporate US account

The USA is an important market for a lot of companies and can be a very attractive place to expand into. It still retains its position as the largest economy and the simplicity of currency and language makes it an exciting proposition for many companies. That being said, the process of opening a bank account isn’t always simple. Here is our short guide on opening a business bank account in the United States.

Thursday, 13 May 2021

Designing for growth

Rebank are huge fans of Superhuman, especially Rahul’s product/market fit engine, but we encountered a problem at the start of 2020… how do you design a great product, when you don’t have access to lots of customers (yet)?

Wednesday, 12 May 2021

Announcing our $2.8m seed round

At rebank, we’re building tools that allow founders and managers to speed through their banking workflow — allowing them to change their focus. We’ve witnessed how outdated banking interfaces slow teams down and how complicated sending money becomes for high-growth companies. Despite these issues, switching banks isn’t a viable option — it’s just more time wasted. We’ve made it so they don’t have to switch anymore.

Thursday, 19 December 2019

Have questions?

We’re ready to chat no matter where you are on your journey.

Set up intragroup agreements, transfer pricing policies, and benchmarking in a few clicks.

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© 2024 Rebank Technologies Limited (Company No. 09695886)

Address: 81 Rivington Street, London, EC2A 3AY

Have questions?

We’re ready to chat no matter where you are on your journey.

Set up intragroup agreements, transfer pricing policies, and benchmarking in a few clicks.

Socials

© 2024 Rebank Technologies Limited (Company No. 09695886)

Address: 81 Rivington Street, London, EC2A 3AY

Have questions?

We’re ready to chat no matter where you are on your journey.

Set up intragroup agreements, transfer pricing policies, and benchmarking in a few clicks.

© 2024 Rebank Technologies Limited (Company No. 09695886)

Address: 81 Rivington Street, London, EC2A 3AY