A startup called Prismm helps banks keep a family's money after an account holder dies. It builds beneficiary and estate planning into accounts from the start. That makes passing money to heirs much easier.
Owners can give chosen family members access to accounts and documents ahead of time. After a death, that person logs in and sees everything in one place. Transfers can be done online, even when relatives live far apart.
🔍 The Backstory
Prismm was founded in 2020 by sisters Martha Underwood and Shella Sylla. Both spent decades working in banking and finance. Their idea came from a family scare.
In 2017, their father was badly hurt while helping a neighbour after Hurricane Irma. Their mother ran the household money, but no one knew where the papers were. Later, Underwood watched families struggle at a bank after a relative died.
🎯 Why It Matters
Dealing with money after a death is hard and stressful. Tools that store documents and access in advance can save families time, money and worry.
A startup called Prismm helps banks keep a family's money after an account holder dies. It builds beneficiary and estate planning into accounts from the start. That makes passing money to heirs much easier.
Owners can give chosen family members access to accounts and documents ahead of time. After a death, that person logs in and sees everything in one place. Transfers can be done online, even when relatives live far apart.
Prismm was founded in 2020 by sisters Martha Underwood and Shella Sylla. Both spent decades working in banking and finance. Their idea came from a family scare.
In 2017, their father was badly hurt while helping a neighbour after Hurricane Irma. Their mother ran the household money, but no one knew where the papers were. Later, Underwood watched families struggle at a bank after a relative died.
Dealing with money after a death is hard and stressful. Tools that store documents and access in advance can save families time, money and worry.