Nearside
A neobank for SMBs
- 21-100 employees
- Fintech
- B2B
- Banking
- Lending
- Financial District, San Francisco, CA
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Company mission
To provide access to transparent and fair financial products.
Our take
Nearside is a digital bank helping small businesses grow. The company founder comes from a background in business start-ups, and has since combined with fintech experts to support strategic banking measures.
What makes Nearside unique is its strategic approach to businesses on an individual basis. As a small business itself, it's able to respond quickly to business needs, with account approval taking a matter of minutes. The company is a smart choice for small businesses as it doesn’t charge non-sufficient funds or overdraft fees. Through Nearside, small businesses can have equal access to the financial resources and insights which are often accredited to large corporations.
Nearside continues to improve its services, including by the addition of "Sprout", which enables users to form an LLC in 30 minutes or less. In 2022, the company was acquired by Plastiq, a business payment platform focussed on small and medium-sized businesses.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Work from home opportunities
- Health insurance
- Unlimited vacation
- 401k
Funding (last 2 of 3 rounds)
Dec 2021
$58m
SERIES B
Feb 2020
$14m
SERIES A
Total funding: $77m
This company has top investors
Leadership
Thomas Nguyen
(CEO)Data Scientist at Lookout and Causes, before founding Framed Data in 2013. Sold the company to Square in 2016, where they became Head of Capital Data Science. Founded Hatch (later becoming Nearside) in 2019.