We just opened our business banking with Mercury. For chefs and investors, that means one thing: every dollar on this platform is accounted for, protected, and handled the right way from day one.
🔒 No spam. No pressure. We'll reach out personally when Portland launches.
We'll be in touch personally. PlateLocal is being built for people like you.
Mercury is the banking platform built for startups. FDIC insured up to $5M. Real-time ledger. Wire-ready for investor deposits. We chose it because we take your trust seriously.
Your Stripe payouts land in a real, audited business account — not a personal checking account. When PlateLocal pays you, that payment is traceable, compliant, and protected. You're working with a real business, not a side project.
Mercury is the banking platform sophisticated investors expect. Wire transfers work. Due diligence is clean. The books are audit-ready from the first transaction. When you wire your investment into PlateLocal, it lands in the right place with full visibility.
Three service-disabled veteran co-founders running a real Texas LLC with a Mercury business account, an EIN, and an operating agreement. This is not a concept. PlateLocal is a structured, legitimate business built to last.
Every dollar a customer pays for a plate, a private dinner, a recipe, or a meal prep subscription goes directly to the chef via Stripe Connect. PlateLocal never takes a commission cut. We earn a $1.50 flat transaction fee from the customer — never from the chef.
PlateLocal earns through a $1.50 flat transaction fee per order, optional Chef Pro account subscriptions ($12–$29/month), Diner Plus memberships ($9.99/month), and promoted listing fees. Every revenue source is disclosed. No hidden deductions.
Seed capital raised from investors is held in a dedicated Mercury account, separate from operating funds and chef payout reserves. Use-of-funds reporting will be provided to investors quarterly. We operate like a real company because we are one.
Operating account for day-to-day costs. Payout reserve account ensuring chef payments are never at risk from platform expenses. Seed capital account held separately until deployed per the investor-approved budget. Clean, professional, audit-ready.
We are three veterans who built PlateLocal because we believe the people who cook deserve better than 30% commission and a faceless app. Here is what that commitment looks like in writing.
PlateLocal was built by three service-disabled veterans — based in Portland OR, San Antonio TX, and Augusta GA. SDVOSB certification in progress. We built the platform we wished existed when we came home.