NorthOne’s API enabled mobile banking platform is 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 $60 billion by 2025, 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