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Founder here - let me know if you have any questions! More details at https://root.co.za/ https://root.co.za/

by malanj 9y ago

EtienneK 9y ago
Fellow South African here. How do I get in on the closed beta?
- malanj 9y ago
  You can sign up to the waiting list at https://root.co.za/ https://root.co.za/ We'll be sending more details to people on that list soon.
  - markatkinson 9y ago
    As a fintech developer super keen to get involved in this, and finally an excuse to learn Javascript. Fingers crossed.
klaasvakie 9y ago
Fellow saffer here. I signed up for your beta yesterday and I am quite excited, I think this has the potential to become an absolutely amazing product. As a developer, do you plan on having a market/app store where I can sell my "apps" to other root users?
- malanj 9y ago
  Yes, it's definitely part of the plan. As you can imagine there are a few interesting security challenges etc to solve, but we're working hard on it.
beaconstudios 9y ago
hey, this sounds like a really interesting service! I have a question - why did you choose to go for hosted JavaScript instead of an API/webhooks combination?
- louwhopley 9y ago
  Hey beaconstudios, (other co-founder here), both are available. The hosted JS is to easily/quickly prototype small solutions without spinning up a separate server. We have webhooks for transactions and RESTful APIs as well :)
  - beaconstudios 9y ago
    oh, brilliant!
spookyuser 9y ago
I also signed up. I'm pretty excited to try it out. Would you be able to use root as a fully fledged bank account? Or is it not really meant for that?
daniel-levin 9y ago
This is great. I will definitely be using this soon. How long will it be before I can accept payments?
- malanj 9y ago
  The account supports EFT payments already
michaelmwangi 9y ago
Is this service available to other countries as well?
- malanj 9y ago
  Not at the moment unfortunately
deleted 9y ago
[deleted]
sgt 9y ago
I'm with ABSA and FnB. Will it initially be only for Standard Bank customers or will you support other banks?
- louwhopley 9y ago
  Hi sgt, Root will be available to all developers in South Africa, not locked to SB clients :)
  - nouney 9y ago
    And for the rest of the world? I always wanted such a kind of service, can't wait to use it.
jawns 9y ago
Are there any mechanisms in place to prevent developers from shooting themselves in the foot, e.g. unintentionally allowing access to their sensitive financial information or transferring money to someone because there's a bug in their code?
- malanj 9y ago
  There are two ways we're dealing with that at the moment. 1) A sandbox mode to test code on, that simulates transactions without moving real money 2) The idea of "pockets", so you can attach code to a specific ring-fenced pool of money
m23khan 9y ago
Hi malanj, Can you point on some use cases this may serve? Is the intention to allow mobile app developers to create e-wallet type apps. for the bank account? Or perhaps hook it up to e-assisstant such as Alexa?
- axisK 9y ago
  The first thing I thought of when seeing this was giving a card to each team member which allows for small purchases at specific partnered businesses - e.g. expensing lunch outings without most of the paperwork.
- malanj 9y ago
  We've actually done an Amazon Echo integration :-) So you can do things like check balance, or send money to a predefined set of contacts etc. A lot of the use-cases getting interest seem to be related to spending management. E.g. company cards for everyone in a team that integrates with Slack. So when you spend on the card it notifies you, and asks you to submit the payment receipt directly on Slack.
  - boris 9y ago
    - Hey, Echo, send two thousand rand to Mike - Ok, sending twenty thousand rand to Mike - Noooooooo! Two thousand - Ok, also sending twenty thousand to Nolan

Founder here - let me know if you have any questions! More details at https://root.co.za/ https://root.co.za/

by malanj 9y ago

Founder here - let me know if you have any questions! More details at https://root.co.za/ https://root.co.za/

EtienneK 9y ago

Fellow South African here. How do I get in on the closed beta?

malanj 9y ago
You can sign up to the waiting list at https://root.co.za/ https://root.co.za/ We'll be sending more details to people on that list soon.
- markatkinson 9y ago
  As a fintech developer super keen to get involved in this, and finally an excuse to learn Javascript. Fingers crossed.

klaasvakie 9y ago

Fellow saffer here. I signed up for your beta yesterday and I am quite excited, I think this has the potential to become an absolutely amazing product. As a developer, do you plan on having a market/app store where I can sell my "apps" to other root users?

malanj 9y ago
Yes, it's definitely part of the plan. As you can imagine there are a few interesting security challenges etc to solve, but we're working hard on it.

beaconstudios 9y ago

hey, this sounds like a really interesting service! I have a question - why did you choose to go for hosted JavaScript instead of an API/webhooks combination?

louwhopley 9y ago
Hey beaconstudios, (other co-founder here), both are available. The hosted JS is to easily/quickly prototype small solutions without spinning up a separate server. We have webhooks for transactions and RESTful APIs as well :)
- beaconstudios 9y ago
  oh, brilliant!

spookyuser 9y ago

I also signed up. I'm pretty excited to try it out. Would you be able to use root as a fully fledged bank account? Or is it not really meant for that?

daniel-levin 9y ago

This is great. I will definitely be using this soon. How long will it be before I can accept payments?

malanj 9y ago
The account supports EFT payments already

michaelmwangi 9y ago

Is this service available to other countries as well?

malanj 9y ago
Not at the moment unfortunately

deleted 9y ago

[deleted]

sgt 9y ago

I'm with ABSA and FnB. Will it initially be only for Standard Bank customers or will you support other banks?

louwhopley 9y ago
Hi sgt, Root will be available to all developers in South Africa, not locked to SB clients :)
- nouney 9y ago
  And for the rest of the world? I always wanted such a kind of service, can't wait to use it.

jawns 9y ago

Are there any mechanisms in place to prevent developers from shooting themselves in the foot, e.g. unintentionally allowing access to their sensitive financial information or transferring money to someone because there's a bug in their code?

malanj 9y ago
There are two ways we're dealing with that at the moment. 1) A sandbox mode to test code on, that simulates transactions without moving real money 2) The idea of "pockets", so you can attach code to a specific ring-fenced pool of money

m23khan 9y ago

Hi malanj, Can you point on some use cases this may serve? Is the intention to allow mobile app developers to create e-wallet type apps. for the bank account? Or perhaps hook it up to e-assisstant such as Alexa?

axisK 9y ago
The first thing I thought of when seeing this was giving a card to each team member which allows for small purchases at specific partnered businesses - e.g. expensing lunch outings without most of the paperwork.
malanj 9y ago
We've actually done an Amazon Echo integration :-) So you can do things like check balance, or send money to a predefined set of contacts etc. A lot of the use-cases getting interest seem to be related to spending management. E.g. company cards for everyone in a team that integrates with Slack. So when you spend on the card it notifies you, and asks you to submit the payment receipt directly on Slack.
- boris 9y ago
  - Hey, Echo, send two thousand rand to Mike - Ok, sending twenty thousand rand to Mike - Noooooooo! Two thousand - Ok, also sending twenty thousand to Nolan