Shore Fire Media

Nerve -- The First-Ever Banking App Created For Musicians -- Launches Today In US

Sign up now via nerve.pro

Today, 9.15, Nerve -- the revolutionary mobile banking app that merges user experience and financial technologies to help artists build stronger communities and sustainable careers -- launches the first neobank created specifically for the musician. Available in the US, Nerve offers a multitude of custom-built banking tools designed to help artists manage their business income and expenses and plan for the future. 

The music business deserves music banking, and Nerve “aims to serve the unique needs of professional musicians” (The Financial Brand). The first of its kind, Nerve has made waves after last month’s announcement, garnering attention from Banking Dive, Hypebot, The Financial Brand, 11fs, and more. 

Nerve is a no account fees, no overdraft fees business banking service that is available for both English and Spanish speakers. Other features:

  • Free, easy to open FDIC-insured* business debit and savings accounts (open in minutes in the app - no paperwork or monthly fees)
  • Data aggregation: Users can access fully integrated streaming and social data
  • Free instant payments to anyone with a Nerve account
  • Private networking feature to help professional musicians connect and collaborate
  • Access to an established network of 55,000 free ATMs (perfect for the touring musician)
  • Direct deposit for royalties and other earnings
  • Automated tax and savings statements

Stay tuned for additional features in the coming months. 

Preview Nerve here, and download the app today to enjoy all these services and more at nerve.pro 

“It’s no secret these last 18 months have been financially challenging for the creators of our industry,” says CEO John Waupsh. “Even before the pandemic, the lifeblood of the music industry was completely unsupported when it came to its unique financial needs. Nerve is the first banking app built specifically to handle the business needs of songwriters, DJs, instrumentalists, rappers, producers, singers, bands, anyone who makes money with music. No matter where you are in your career, we look forward to giving you the data and the digital financial services you deserve to drive your business further.” 

Nerve was co-founded by John Waupsh (CEO) and Ben Morrison (CTO), who drew upon their fifteen-plus years as consumer banking and fintech innovators to create a streamlined solution to the unique banking challenges of the music business. Waupsh is also the founder and CEO of Preservation Project, a boutique label dedicated to releasing previously unreleased funk and soul music. It was in that role that he first identified the need for a modern, sophisticated banking service catering to independent musicians.

*Banking products and services are offered by Piermont Bank, Member FDIC. piermontbank.com

ABOUT NERVE:

Nerve’s mission is to help musicians of all types create sustainable businesses. In addition to their neobank, Nerve offers a beta project called Nerve FM, the direct-to-fan streaming app that allows creators to earn subscription revenue from all of their self-generated audio and video content. Musicians keep the majority of the revenue and the user data generated from their subscriber base.

 

FOLLOW NERVE:

Nerve Website: nerve.pro

Nerve FM Website: site.nerve.fm

Instagram: @bankonnerve

Twitter: @bankonnerve

Facebook: @bankonnerve

For more information on Nerve, please contact Shore Fire Media:

Matt Hanks - mhanks@shorefire.com

Andrea Evenson - aevenson@shorefire.com  

Maria Eilert - meilert@shorefire.com