we need to stop calling banks 'neobanks' just because looks cool. those are all regular banks or BaaS, operating for decades, with the same business model. @usePicnicBR is a neobank @eldoradoio is a neobank @joinpeanut is a neobank @chainlesscripto is a neobank @4payFinance @RipioApp is a neobank @lucamoneyapp is a neobank @PagCryptoFi is a neobank @p2pmebrasil is a neobank @Haven_Hn_ is a neobank the ones below have no onchain activity, they don't provide self custody, they don't allow onchain remmitance, they don't expose you to assets abroad, they don't offer cheaper credit. let's start calling them the right name: banks focused on digital channels.

the first $200k in volume took three months. the second took 18 days. we finally started our growth initiatives, we're still running some experiments in different channels as: - content on @contavcbr - instagram account instagram.com/contavc - our TG community t.me/contavc - YT videos w some creators - some IRL events (cohosted w @norafinancexyz ) - a cool video with @_frontandy explaining self custody - @BitsandBorders featured us on today newsletter (thanks @AaronWStanley ) all of our experiments are being measured by our agent connected to our local data + @Amplitude_HQ + ledger, that gives us a clear vision on the impact and results for each one of the initiatives. first thing we have to deal with: we are able to bring people to the app, make them open an acc (79%), but we only have 34% actually funding the account after the first instructions. some changes on the onboarding shall happen to make the user feel safer on this process. numbers are picking tho, we are happy that we are able to bring more users, grow the WAU, DAU and volume with a high impact and not breaking. 94.6% of our transactions went through since the beginning, the ones that failed either were refunded, or identified as fraud are held by our compliance agents. within a total of ~6.500 transactions we already made, only 36 (around 0.5%) were flagged as fraud with a MED (recovery system for the PIX) activated. from those, 29 were false positives, 6 are still open for discussion and 1 was actually refunded to the victim. as you may have seen, this week we've tested our x402 payments, enabling agents to process pix payments directly to other ppl, creating a new way to interact with the app. we had dozens of requests for APIs to agents to interact with, but our choice, by architecture, was to design a first version of x402 that will give us more control, more security and way more versatility on what you will be able to do on top of it. it goes beta live for our users this week. we also pushed lot of backend improvements in the app, the payments are faster, we fixed some qr code issues we were facing on very specific payments, we fixed some vulnerabilities with KYC flow and pushed a lot of improvements to our agents helping run the company. also, the frontend got some cool new features, now we have a cool animation when you open the app, we added push notifications (if you read until here, feel free to claim this R$ 50 to your Conta account app.conta.vc/r/zHKBDsYQm2Jx8…) , and some quality of life improvements on receipts, transactions processing and more. this week we have some cool new things to ship, not only the agentic payment open to beta tester, but also we are finally bringing a way to users to save money similar to @acorns , and a 401k inspired vault accrues value to the network effect we're seeing on users bringing their families and relatives. we've built the tech for users to own their income, now they're giving them the possibility to start saving their first emergency fund. as I told here many times, @DaveRamsey is an inspiration, and we see its methodology as a guide to help millions of ppl to get rid of their debt and build wealth. next step is helping them make an extra income and kill debt. we keep building.

most profitable week since day 1. 218 new users since last week (21% growth), ath on WAU (184), ath on weekly volume (25% of total historical volume). numbers are looking good, we are very happy to understand the use cases of our users with Conta: dozens of ppl using to receive their payments and salaries, hundreds using as their account to move fiat and crypto without having to toggle between apps, and of course some ppl trying to use it to fraud. this week we spent some good days working on improving our anti-fraud agents and infrastructure, now we can identify the behavior and act even before they can move the money out, locking their assets and turning this into the worst platform possible for money laundering and theft. all of this, without killing the regular user experience, without turning Conta into a hard to use service that only literate people can operate. last friday we've cohosted an event with @norafinancexyz and had the opportunity to watch, closely, a lovely argentinean cook lady, with her 60+, using Conta as her main account to send pix, receive dollars from her son abroad and charge for her (outstanding) food. building something moms can use is part of our core identity. one last note is that last couple weeks I've been personally jumping on calls with angels, VCs and accelerators, this has been a great opportunity for us to receive feedback and questions that when you're on auto mode you can't actually think about. we are very happy to where this is leading us, appreciate all feedback so far, these last weeks of raising will allow us to build the type of board we were looking for. a special shoutout to @JosipVolarevic2 , the most straightforward guy and one of the firsts to show genuine interest in what, how and why we are building. we just started our executing some growth experiments, our first $1 was finally spend, we also built a whole funnel datapoints structure and now we have full control of every single POC for new users, with an agent analyzing the behavior and giving live feedback. curious to see how this gonna work. we keep building

20 days 14 profitable 6 not profitable $564 gross profit all sent to our treasury. auditable, onchain.