ZenBusiness, an Austin, TX-based platform for micro businesses to start, run, and grow their business, completed the acquisition of Joust, an Austin, Texas-based fintech platform.
The amount of the deal was not disclosed.
The acquisition brings Joust’s all-inclusive business banking features to the ZenBusiness platform and will be re-launched as ZenBusiness Money this fall. The deal expands the ZenBusiness service offering by combining Joust’s integrated suite of enterprise quality financial tools with the company’s all-in-one micro business platform.
Launched in 2017, Joust was designed specifically to address the financial needs of micro businesses and provide small business entrepreneurs who did not have a business bank account with a complete financial toolkit.
ZenBusiness Money will provide a full suite of business banking solutions that feature invoicing and payments solutions, and merchant services.
Lamine Zarrad, former CEO & Co-Founder of Joust, is now heading up all Financial Services at ZenBusiness.
Led by Ross Buhrdorf, CEO & Co-Founder, ZenBusiness offers an online platform that makes it easy to create, manage and grow a small business. Built for the new generation, the company pulls everything together for the business owner with mobile and web-based products, support, services and 24×7 business protection. ZenBusiness is a Public Benefit Corporation based in Austin, Texas.