NorthOne
Latest round
- Series B
Last raised
- Oct 2022
Total raised
- $90M
Investors
- 7
About NorthOne
NorthOne Inc.Founded in 2016 in New York, US, NorthOne Inc. provides online banking solutions tailored for small to medium-sized businesses.NorthOne is a financial technology company that specializes in providing a comprehensive suite of online business banking solutions designed to enhance cash flow management for small businesses.00%, cash back rewards through their North One Mastercard® Small Business Debit Card, and seamless integration with various payment platforms like Stripe, PayPal, and Venmo. This account is tailored for small business owners who require efficient banking tools with no hidden fees, along with reimbursement for third-party ATM fees. NorthOne primarily serves small to medium-sized businesses across the United States, effectively addressing their needs for immediate access to funds, budgeting assistance, and efficient accounting integration.NorthOne generates revenue through a combination of transactional fees and financial services offered to its client base of small businesses. Customers typically engage in transactions by utilizing the North One Business Checking Account and the associated Mastercard® for daily expenditures, earning cash back on purchases at restaurants, hotels, and gas stations. The revenue model includes a percentage of the transaction amounts processed through the platform, as well as potential fees for premium services or lending options such as Business Lines of Credit and Business Term Loans. Customers maintain a positive daily balance and are encouraged to spend a minimum amount monthly to qualify for the high APY and reward benefits.NorthOne Inc. is targeting the launch of several new financial products aimed at enhancing its service offerings for small businesses, although specific product details and release dates have not been disclosed. Additionally, the company is exploring expansion into new geographic markets, focusing on regions where there is a growing demand for digital banking solutions.00 mn in Series B, will be utilized to support these initiatives and further enhance their technology platform.
Who invested in NorthOne
7 investors across 3 rounds
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Questions about NorthOne
Who invested in NorthOne?
NorthOne has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has NorthOne raised?
NorthOne has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did NorthOne last raise money?
NorthOne's most recent round on record is a Series B, in Oct 2022.
What does NorthOne do?
NorthOne is a software company.
Where is NorthOne headquartered?
NorthOne is headquartered in New York, US.
Which VCs invest in companies like NorthOne?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at NorthOne's stage. Their profiles are linked below.
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