NorthOne, a Toronto, ON, Canada-based developer of build a mobile API-powered banking platform for small businesses, raised $2m in seed funding.
Backers included Peter Graham, Tom Williams, and Ferst Capital Partners.
The company intends to use the funds to expand the size of their team from 5 to 15 and complete development of the NorthOne platform ahead of a late 2018
Led by co-founder and CEO Eytan Bensoussan, NorthOne is building a mobile-first, API-enabled banking platform serving Canadian small business (SMBs), startups and freelancers.
The mobile app and API-enabled bank account connects to all the financial management tools businesses already use and gives them clarity into their financial health in real time while also automating the most time consuming financial management tasks.
More than 3,000 businesses have already signed up for NorthOne accounts ahead of the platform’s launch.