NorthOne
Online business banking
- 21-100 employees
- Fintech
- B2B
- Banking
- SaaS
- Mobile
- Midtown Manhattan, New York, NY
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Company mission
To build a connected business banking and financial management platform that lets anyone run a successful small business.
-36% employee growth in 12 months
Our take
NorthOne is an API enabled mobile banking platform targeted at small business owners, startups and freelancers who don’t have the capacity or business infrastructure to effectively manage their finances.
In exchange for a monthly fee, account holders get unlimited free transactions, invoicing tools, as well as connectivity with a range of popular business apps including PayPal, FreshBooks, Etsy, and Square. There are also no non-sufficient funds or overdraft fees, a penalty which costs US bankers millions per year.
Mobile financial services are expected to be worth $16T by 2028, and competition for a slice of the pie is fierce. Big banks, as well as other startups like Azlo and Bank Novo all stand beside NorthOne in targeting the growing SME market. However, with substantial funding at its back, the company has set its sights on becoming the go-to digital banking solution for small businesses.
Steph
Company Specialist at Welcome to the Jungle
Funding (last 2 of 4 rounds)
Oct 2022
$67m
SERIES B
Mar 2020
$21m
SERIES A
Total funding: $90.5m
This company has top investors
Leadership
Eytan Bensoussan
(Co-Founder & CEO)Previously worked at McKinsey & Company as a Senior Engagement Manager. Was an Entrepreneur in Residence at Ferst Capital Partners. Member of the Forbes Finance Council.