New York-based challenger bank NorthOne has raised $21 million in a Series A funding round led by Battery Ventures. NorthOne has raised $23.3m so far The fresh funding brings the total raised by the 2016-founded challenger to $23.3 million. NorthOne targets small and medium-sized enterprises (SMEs) in the US, with a particular focus on family businesses like hairdressers and bakers. “Every single one of these small businesses needs a bank account but business banking often acts as a hidden tax on small businesses,” the challenger writes on its website. Among the bank’s promised features are three-minute account creation, customisable sub-accounts…
SME challenger bank NorthOne raises m Series A
SME challenger bank NorthOne raises $21m Series A
