Mobile checking fintechs look to pick off unhappy small-business customers
A Canadian fintech is the latest entry into the growing mobile-first checking account market catering to entrepreneurs and gig economy workers.
Toronto-based NorthOne is designed to help manage the financial minutiae that comes with operating a small business, offering insights into revenue and cash flow through integrations with popular services such as Quickbooks, Shopify and Xero and free subaccounts for taxes and payroll. The fintech is priced on subscription tiers based on how many transactions a business does per month.
Justin Adler, NorthOne’s co-founder and chief operating officer, said the account’s back-end features are meant to eliminate some hassles for freelancers and business owners attempting to manage finances on their own.