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Summr is a financial technology company, not a bank.

Summr partners with Stripe Payments Company for money transmission services and account services. 

“(Legacy) Business” accounts are financial accounts provided by Stripe Payments Company with deposits held in the U.S. at Goldman Sachs Bank USA, Member FDIC; “Business” accounts are financial accounts provided by Stripe Payments Company with funds held at Fifth Third Bank, Member FDIC; "Wallet" and "Reserve" accounts are financial accounts provided by Stripe Payments Company with funds held at Evolve Bank & Trust, Member FDIC.

For Summr “Treasury” accounts, investment advisory services are provided by Taidou LLC (“Taidou Advisory” or “Summr Advisory”).

For Summr Treasury accounts with advisory services provided by Summr Technologies Corp.: 

Summr has filed an application to be an SEC-registered investment advisor. Technology services may be provided by Taidou LLC. For more details about Taidou for Advisory services, please see the Form ADV and Wrap Fee Disclosure Brochure and Privacy Policy.

Summr Technologies Corp. has an engagement with Composer Securities LLC (“Composer Brokerage”), a registered broker-dealer and member of FINRA and SIPC, to bring you the opportunity to open a brokerage account. Brokerage services for customers of Summr Technologies Corp. are provided by Composer Brokerage. For more details about Composer Brokerage, please see the Form CRS, the Composer Brokerage General Disclosures, and the Privacy Policy. Check the background of Composer Brokerage on FINRA’s BrokerCheck. Fees such as regulatory fees, transaction fees, fund expenses, brokerage commissions and services fees may apply to your brokerage account.

For Summr Treasury accounts with advisory services provided by Composer Brokerage:

Summr has an engagement with Composer Securities LLC (“Composer”), an SEC-registered investment adviser, to bring you the opportunity to open an investment advisory account. Investment advisory services are provided by Composer Invest. Companies which are engaged by Composer receive compensation of 0% to 0.85% annualized, payable monthly, based upon assets under management for each referred client who establishes an account with Composer (i.e., exact payment will differ). Composer also shares a percentage of compensation received from margin interest and free cash interest earned by customers with Summr. Summr is not a client of Composer, but our engagement with Composer gives us an incentive to refer you to COmposer instead of another investment adviser. This conflict of interest affects our ability to provide you with unbiased, objective information about the services of Composer. This could mean that the services of another investment adviser with whom we are not engaged could be more appropriate for you than Composer. For more details about Composer, please see their Form CRS, Form ADV Part 2A, the Privacy Policy, and other disclosures.

None of Summr Technologies Corp., Taidou LLC, or any of their affiliates, are a bank. Investments in securities are Not FDIC insured, Not Bank Guaranteed, and May Lose Value. Investing involves risk, including the possible loss of principal. Before investing, consider your investment objectives and the fees and expenses charged. Advisory services are designed to assist clients in achieving a favorable outcome in their investment portfolio. They are not intended to provide tax advice or financial planning with respect to every aspect of a client’s financial situation and do not include investments that clients may hold outside of their Summr Treasury account.

For financial accounts provided by Stripe (“Business,” “Wallet,” and “Reserve” accounts; collectively, “Stripe Treasury Accounts”): 

Stripe Treasury Accounts are eligible for FDIC pass-through deposit insurance if they meet certain requirements. The accounts are eligible only to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied. The FDIC insurance applies up to 250,000 USD per depositor, per financial institution, for deposits held in the same type of account. Neither Stripe nor Summr is an FDIC-insured institution. The FDIC’s deposit insurance coverage only protects against the failure of an FDIC-insured depository institution.

For “(Legacy) Business” accounts provided by Stripe with funds held at Goldman Sachs Bank USA: 

(Legacy) Business accounts are eligible for FDIC pass-through deposit insurance subject to conditions. The accounts are eligible to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied, including that the record keeping of identities and interest of the actual owners of the funds must be ascertainable. The FDIC insurance applies up to 250,000 USD per depositor, per financial institution, for deposits held in the same type of account. The FDIC’s deposit insurance coverage only protects against the failure of a FDIC-insured depository institution and neither Stripe nor Summr are depository institutions.

Yield paid by Summr related to cash balances held in Stripe accounts is subject to change over time without notice based on prevailing market conditions. Today's yield rates reflect the Annual Percentage Yield (APY) paid by Summr to customers, where payments are completed on a monthly basis according to daily cash balances held over the prior calendar month.

Summr Capital Markets and Summr Intelligence are products of Summr Technologies Corp.

Screen images for illustration purposes only

All user experience screenshots and screen images provided are for illustrative purposes only and any performance figures displayed should not be considered representative of actual performance.

1. Up to $5,000,000 FDIC insurance eligibility available through the cash sweep products available through your Summr Treasury account (by Taidou LLC or Composer). For more cash sweep details, including member bank information for each offering, see the “Cash Sweep Program” section of Summr’s General Disclosures. Funds held in “(Legacy) Business” accounts are not part of the cash sweep program and Goldman Sachs is not a Program Bank involved in the cash sweep program.

2. Reflects yield net of fees on fixed income investments within the Summr Treasury account (e.g., Treasury Bills and Money Market Funds) for companies on Summr’s Elite plan (unless otherwise noted) based on market rates as of the most recent business day. See Investment Options page for breakdown of investment options, gross market yields, and associated pricing on the Summr Treasury account. Treasury Bill ("T-Bill") yield is an annualized T-Bill rate when held to maturity. The rate shown is subject to price fluctuation and is net of fees. T-Bills are purchased at a discount to par (par= $1,000), with the price being subject to market fluctuation. The amount of T-Bills available at a particular yield will depend upon the sellers’ offer size; any remaining cash balance after the purchase may not earn the same yield. In general the bond market is volatile, and fixed income securities carry interest rate risk. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income securities also carry other risks, including inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties. The SEC yield for a money market fund is calculated by annualizing its daily income distributions for the previous 7 days. You should consider the investment objectives, risks, charges, and expenses of a money market fund carefully before investing. This and other information is found in the fund’s prospectus. Please read the prospectus before investing. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund. Yields fluctuate and past performance is no guarantee of future results.

3. Financial partners for Summr’s accounts include Fifth Third Bank or Goldman Sachs Bank USA, Members FDIC (“Business” account, provided by Stripe Payments Company), Taidou LLC or Composer (“Treasury” account, with brokerage accounts provided by Composer Brokerage LLC and Pershing Advisor Solutions, respectively; custodial and clearing services provided by Pershing LLC, a BNY Mellon company), and Evolve Bank & Trust (“Wallet” and “Reserve” accounts, provided by Stripe Payments Company). Cash sweep offerings are available through the Treasury account (cash sweep products offered by Taidou LLC or Composer through a clearing relationship with Pershing LLC), with funds held across dozens of FDIC member banks. For more cash sweep details, including member bank information for each offering, see the “Cash Sweep Program” section of Summr’s general disclosures.

4. Summr Global Treasury is only available to qualifying companies in select jurisdictions. Local restrictions and minimum requirements apply. U.K. applicants must qualify as high net worth companies—bodies corporate with either (i) 20+ members and at least £500,000 in called-up share capital or net assets; or (ii) £5 million in called-up share capital or net assets. Non-qualifying applicants should not apply.

5. Specific company experiences are unique to each company. They may not represent outcomes for other clients. Past performance does not guarantee future results.

6. Financial analysis available through Summr Intelligence has been tested to a 99% accuracy standard on completed tasks in internal benchmark testing, including composite scores from replicated trials. Production performance depends on data inputs and may vary.