North One
North One provides digital business banking and integrated financial management tools—including checking, debit cards, AI-powered bill payments, lending, and 60+ third-party integrations—to over 320,000 small businesses across the United States.
- Company typePrivate
- Founded2016
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What North One does
North One is a financial technology company founded in 2016 that provides digital business banking and integrated financial management tools to small businesses, startups, and freelancers in the United States. The company operates as a fintech (not a bank): deposit accounts and FDIC-insured banking services are provided through partner The Bancorp Bank, N.A., and lending products (Business Line of Credit and Business Term Loan up to $250K) are underwritten and issued by partner Kanmon. As of the latest data, the company serves or targets over 320,000 small businesses, employs 51–100 people, and is headquartered in New York. The company was originally founded in Canada and has shifted commercial focus to the US market.
North One firmographics
Firmographics- Name
- North One
- Legal name
- North One
- Website
- https://northone.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- North One provides digital business banking and integrated financial management tools—including checking, debit cards, AI-powered bill payments, lending, and 60+ third-party integrations—to over 320,000 small businesses across the United States.
- Ownership category
- akta.pro rank
North One industry classification
Industry- Product category
- Small Business Digital Banking
- NAICS
- Activities Related to Credit Intermediation (5223), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value) (FSAGAAAD)
Keywords
Where North One is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
North One business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription Fees: Monthly subscription fees from Standard ($0) and Plus ($30) account tiers. Plus tier includes priority support, dedicated customer success manager, and lower transaction fees.
- Interchange Fees: Revenue from debit card transactions. Cash back rebates through Mastercard Easy Savings program provide merchant-funded rewards to cardholders.
- Lending Products (via Kanmon): Business Line of Credit and Term Loans up to $250K powered by Kanmon. North One facilitates lending but loans are issued by Kanmon as licensed lender.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | North One Standard - Free business checking |
| Subscription | Monthly | North One Plus - Premium tier with perks |
| Hybrid | Monthly | Interest Checking - High-yield APY |
| Usage-based | Monthly | Business Line of Credit - Up to $250K |
| Usage-based | Monthly | Business Term Loan - Up to $250K |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
North One product offering
Product offeringCore offering
North One provides a digital business banking platform for US small businesses, centered on a Business Checking Account (deposit accounts held at partner The Bancorp Bank, N.A., Member FDIC) with no minimum balance, no overdraft fees, and fee-free Allpoint ATM access. The platform is augmented by an Interest Checking account earning up to 3.00% APY, a Mastercard business debit card with cash-back rewards, Business Line of Credit and Business Term Loan products up to $250K (powered by Kanmon), an AI-powered Bill Payments Hub, Profit First-style Envelopes sub-accounts, and 60+ native integrations with accounting, payroll, POS, and ecommerce tools.
Product overview
North One is a financial technology company offering a unified business banking platform for small businesses in the United States. The core offering is the North One Business Checking Account (provided through banking partner The Bancorp Bank, N.A., Member FDIC) combined with a suite of connected tools. The platform architecture consists of the core checking account product with two pricing tiers (Standard at $0/month and Plus at $30/month), augmented by lending products (Business Line of Credit and Business Term Loan up to $250K, both powered by Kanmon), debit card with cash back rewards, and integrated modules for accounting/bookkeeping, bill payments (with AI-powered invoice extraction), and a marketplace of 60+ third-party integrations. Additional services include business tools/calculators and a perks program offering over $29,000 in partner discounts.
Differentiator
Problem solved
Functional benefit
Products and services
- North One Business Checking Account A digital business checking account provided to US small businesses through banking partner The Bancorp Bank, N.A. with FDIC insurance up to $250,000, no minimum balance, no overdraft charges, and fee-free Allpoint ATM access. Designed for owners who need simple, low-cost daily banking with no hidden fees.
- North One Interest Checking Business interest checking account earning up to 3.00% APY for Plus accounts on balances up to $250,000 with $500+ monthly card spend, and 2.50% APY for Standard accounts — nearly 42x the national average.
- North One Business Debit Card Mastercard Small Business Debit Card issued through partner The Bancorp Bank, N.A., providing up to 4% cash back on dining and hotels, instant virtual card access, contactless payments, real-time expense monitoring, instant card locking, and a daily spending limit of $5,000.
- Business Line of Credit Revolving line of credit from $10K to $250K for North One account holders, powered by Kanmon as licensed lender. Applications can be completed in 2 minutes with decisions in 24 hours and same-day funding available.
- Business Term Loan Lump sum term loans from $10K to $250K with monthly repayment over 6 to 12 months, powered by lending partner Kanmon with decisions in 24 hours.
- Bill Payments Hub Bill payment software that automates paying vendors, suppliers, and contractors using AI to extract invoice details and create draft payments, supporting physical checks (printed and mailed), ACH, same-day ACH, digital bill pay, and domestic wires.
Quantifiable outcome
- Save $500+ in bank fees per quarter
- +4 more outcomes
Companies that use North One
Customer profileNamed customers8 records
Segments6 records
Ideal customer profiles1 record
North One technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration63 records
AI capability2 records
Feature5 records
North One partnerships and signals
Strategic signalPartnerships
24 partnerships are on record, tiered core, major and minor.
- QuickBookscoreAccounting software integration allowing real-time transaction sync and automated bookkeeping
- Wave AccountingcoreFree accounting software integration for transaction data import and financial sync
- GustomajorPayroll integration allowing direct fund pulls from North One account for payroll processing
- StripecoreInstant deposit of Stripe earnings directly into North One account with funds available in seconds
- SquarecoreDirect deposit of Square earnings into North One account for unified payment tracking
- ShopifymajoreCommerce platform integration for earnings analytics and direct deposits from Shopify
- PayPalmajorDirect deposit of PayPal funds into North One account
- ADPmajorPayroll integration for direct fund pulls for ADP payroll runs
- Zoho BooksmajorAccounting software integration for transaction data import
- Patriot AccountingmajorAccounting software integration for simplified bookkeeping
- VenmomajorDirect deposits from Venmo business accounts into North One
- AmazonmajorDirect disbursement deposits from Amazon seller accounts
- EtsymajorAdvanced analytics on Etsy earnings with direct deposits into North One
- Cash AppmajorInstant transfer of Cash App funds directly to North One account
- RipplingmajorHR and payroll platform integration for fund pulls from North One
- JustworksmajorPayroll integration with direct fund pulls for Justworks payroll runs
- XeromajorAccounting software integration for payroll and transaction management via Xero
- AllpointcoreATM network providing 55,000+ fee-free cash withdrawals for North One debit cardholders
- MastercardcoreDebit card issuer (via Bancorp Bank) providing Mastercard Easy Savings rebate program with automatic cash-back in dining and hotels
- QuickBooks (Perks)major30% off first 6 months for North One customers
- Gusto (Perks)majorFirst 6 months free for North One customers using Gusto payroll
- Justworks (Perks)majorFirst month free for North One customers using Justworks HR platform
- Jobber (Perks)minorFree trial for North One customers using Jobber field service software
- Shopify (Perks)major3 months free for North One customers on Shopify POS and eCommerce platform
Scale indicators7 records
Recent moves7 records
Expansion highlights7 records
North One competitors and assessment
Company assessmentDirect peers
- Brex: Brex provides business banking combined with corporate cards, bill pay, and expense management for startups and SMBs, overlapping North One's core offering of integrated banking, cards, and financial management tools.
- Novo: Novo is a digital business banking platform targeting freelancers, solopreneurs, and SMBs with free checking, integrations, and invoicing tools — competing in the same lower-end SMB segment as North One.
- Mercury: Mercury is a digital business banking platform targeting startups and SMBs, offering multi-account structures, debit cards, and integrations with accounting and payments tools — the closest direct competitor to North One in the connected-banking-for-businesses category.
- Ramp: Ramp offers business banking, corporate cards, and automated bill pay/expense management, increasingly competing for the same SMB segment that North One targets with its integrated banking-plus-tools platform.
- Lili: Lili offers business banking built for freelancers and solo business owners, with sub-accounts, tax savings pots (analogous to Envelopes), and integrations — directly comparable in target customer and product features.
- Relay Financial: Relay is an SMB-focused digital business banking platform offering free business checking, sub-accounts for budgeting (similar to North One's Envelopes), debit cards, and broad accounting integrations — directly comparable in product and target segment.
- Bluevine: Bluevine is a digital business banking platform with a high-yield business checking account, lines of credit up to $250K, and bill pay — directly comparable to North One's checking, lending, and cash management product mix.
- Found: Found is a banking and bookkeeping platform for self-employed individuals and small businesses, offering free business checking, debit cards, and built-in expense/tax tools — competing in the same micro-business segment.
Emerging players
- Wise Business: Wise offers multi-currency business accounts and cross-border payments, with growing SMB focus. While more international and FX-centric than North One, it overlaps as a connected digital business account for SMBs with payment integrations.
Broad incumbents
- Grasshopper Bank: Grasshopper is a digital-first commercial bank serving SMBs, startups, and fintechs with deposit accounts, lending, and treasury services — a broader incumbent competitor in the digital SMB banking space.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
North One social profiles
Digital presenceNorth One compliance and trust
Trust signalCompliance1 record
North One financial estimates
Financial estimateRevenue estimate
Valuation estimate
North One leadership team
Management profileNumber of profiles
Profiles2 records
North One funding detail
Funding detailFunding overview
Funding rounds7 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
North One M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about North One
What does North One do?
North One provides a digital business banking platform for US small businesses, centered on a Business Checking Account (deposit accounts held at partner The Bancorp Bank, N.A., Member FDIC) with no minimum balance, no overdraft fees, and fee-free Allpoint ATM access. The platform is augmented by an Interest Checking account earning up to 3.00% APY, a Mastercard business debit card with cash-back rewards, Business Line of Credit and Business Term Loan products up to $250K (powered by Kanmon), an AI-powered Bill Payments Hub, Profit First-style Envelopes sub-accounts, and 60+ native integrations with accounting, payroll, POS, and ecommerce tools.
Is North One a public or private company?
North One is a private company. It is classified as venture growth investor backed and is currently operating.
When was North One founded?
North One was founded in 2016. It employs 51 to 100 people.
Where is North One based?
North One is headquartered in New York, United States, in the North America region.
How does North One make money?
Three revenue lines are on record. Subscription Fees are the primary driver. The others are interchange Fees and lending Products (via Kanmon).
Who are North One's main competitors?
Direct peers on record are Brex, Novo, Mercury, Ramp, Lili, Relay Financial, Bluevine and Found. Wise Business is listed as an emerging player. Grasshopper Bank is listed as a broad incumbent.
Does North One have an API?
Yes. North One provides integrations with over 60 third-party tools across accounting software, financial management tools, invoicing, payments/POS/ecommerce, payroll, and productivity categories. The platform enables real-time synchronization and data exchange with these tools, allowing automated financial management workflows.
What industry is North One in?
North One's product category is Small Business Digital Banking. Its primary akta.pro industry code is FSAGAAAD, Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value). Its NAICS code is 5223 and its SIC code is 6199.