Full-Time
Confirmed live in the last 24 hours
Fintech platform for small business banking
CA$180k - CA$225kAnnually
Senior, Expert
Remote in USA + 1 more
More locations: Remote in Canada
Remote-first work; applicants located in Canada will be compensated in CAD, while those in New York State will be compensated in USD.
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NorthOne provides banking services tailored for small businesses and freelancers through a user-friendly financial technology platform. The platform simplifies financial management by offering features such as budgeting tools, invoice payments, and instant access to incoming deposits. Users can manage their finances with dedicated physical and virtual debit cards, make standard and same-day ACH payments, and deposit checks via the NorthOne app. Unlike traditional banks, NorthOne operates on a subscription model, charging a flat fee of $10 per month, which ensures transparency in costs. By partnering with The Bancorp Bank, N.A., a member of the FDIC, NorthOne delivers reliable banking services while focusing on the unique needs of its clients.
Company Size
51-200
Company Stage
Series B
Total Funding
$88M
Headquarters
New York City, New York
Founded
2016
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Health Insurance
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Remote Work Options
Professional Development Budget
Unlimited Paid Time Off
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Business banking app NorthOne has integrated with Plaid to provide customers with better cash flow controls.The integration lets small businesses that use NorthOne link their financial accounts through Plaid for better transfer capabilities, according to a Wednesday (July 5) press release. This will help businesses escape overdraft fees and carry out more complex treasury functions.“Our customers have been asking us for faster ways to move money into their NorthOne accounts,” said NorthOne Co-founder and CEO Eytan Bensoussan in the release. “By integrating with Plaid, we’ve found a partner that helps us offer them a more transparent, seamless experience.”Many small- to medium-sized businesses (SMBs) fail due to a lack of financial systems and controls, a tide that can be turned by fostering healthier cash flow, per the release.“NorthOne has heard from its customers that they are frustrated by hidden fees, transfer delays and disconnected services that make it difficult to accurately understand their financial situation and move money,” the release said.The integration is happening as many SMB owners are suffering due to inefficient expense management, as Chris Trainor, head of product at Paymentus, said in an interview with PYMNTS in June.Many of these firms are run by people who are consumers themselves, facing a level of complexity that goes beyond managing their personal budgets.These owners don’t have “complete control over their finances and expenses,” Trainor told PYMNTS, “which leads to negative situations related to cash flow and profitability.”He added that SMB owners typically don’t have accounting, bookkeeping and software backgrounds, and thus may not be getting the most out of their digital tools. Many still use analog tools, making and receiving payments with paper checks.Trainor noted that automation can ease the burden of expense management for smaller owners.Plaid’s integration with NorthOne follows the FinTech’s debut last month of a new hosted experience for its Plaid Link product, designed to make it easier for lenders to gain access to real-time cash flow data.The on-demand experience lets lenders access consumer-permissioned cash flow data via Plaid during the underwriting process, so they can determine whether an applicant’s cash flow is sufficient to qualify them for a loan or credit product
NEW YORK, NY (PRWEB). July 05, 2023. NorthOne, a leading small business banking app, today announced its integration with Plaid to enhance cash flow controls for NorthOne customers. Small businesses using NorthOne can now link all their financial accounts safely and securely through Plaid for improved transfer capabilities, helping avoid overdraft fees and enabling more complex treasury functions
Business banking app NorthOne has integrated with Plaid to provide customers with better cash flow controls.