NorthOne is a business banking platform made for American startups, small businesses, and ... More
NorthOne is a business banking platform made for American startups, small businesses, and freelancers. Now available on iOS through TestFlight.
Open your FDIC insured business bank account in 3 minutes and start banking with powerful in-app features. It’s 100% online, and 0% annoying.
SMBs play a critical role we too often take for granted. They provide goods and services across America, from big cities to small towns. They provide opportunities for all kinds and nurture the future with diverse business leaders. They are one of our best shots at reversing the widening income inequality gap that has emerged over the past few decades.
Ironically, it’s not about banking at all. It’s about what banking allows people and businesses to do. It’s about empowerment. Banking (done right) can make it easier for small businesses to face the challenges of staying afloat and ultimately thrive. It’s about bringing banking back to a place where it held a different role in the lives of small business owners. A bank was once the champion of the small business owner. It made their lives easier and their companies successful. Businesses still need that champion, but today’s banks have dropped the ball.
The last decade has seen the emergence of new technologies, business models, and customer behaviors that have opened the door for banks to serve customers well like never before. Getting this right is our mission at NorthOne.
Last updated 28 Jun 2019
Published 2 Jul 2019
Do you remember those heady days when the main people that our banks existed for were the people who invested in it - regular folks like you and me? It wasn't so long ago. The thing that kept banks in the business of banking back then were the small and medium sized businesses and mums and dads. It was their regular injections of cash that forged the great banks as we know them today. Unfortunately, the whole emphasis changed when big companies started to throw their weight around and shareholders became the major priorities of the banking world. In fact, the last few years have been a bit of a nightmare for small and medium sized businesses who are really only now starting to recover from the GFC in 2008-9.
So it's a very pleasant surprise to see new banks emerging with the same spirit that those early banks did. Banks that have geared their business model towards helping out new start-ups, small business and freelancers who are on the frontline of a new look America. It's these companies that will forge forwards and provide all the goods and services that America thrives on. They will also end up providing many of the jobs that will keep America working and will go some way to redressing the balance between the haves and the have nots in the business world.
NorthOne is an online only, business banking platform for iOS that's designed specifically for American start-ups, small businesses...