Nolobank.com

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Nolobank.com
ISIN🆔
IndustryFinancial Services
Founded 📆2019; 3 years ago (2019)
Founder 👔
Headquarters 🏙️San Francisco, California,
United States
Area served 🗺️
Key people
Tahem Veer Verma (Founder), Gaurav Chaturvedi (CTO)
ServicesRetail Banking 
Members
Number of employees
🌐 Websitewww.nolobank.com
📇 Address
📞 telephone

North Loop is a fintech company providing banking, insurance and investment services. Headquartered in San Francisco, it was founded in 2019 by Tahem Verma. North Loop provides bank accounts, money transfers, and investments [1]

History[edit]

North Loop was founded by Tahem Veer Verma in San Francisco, California, in 2019 for international students[2], and launched a no-fee international debit mastercard alongside a FDIC-insured checking account provided by North Loop’s partner bank in the US, Evolve Bank & Trust[3].


In February 2020, North Loop collaborated with an Australia-based startup Cohort Go, helping students and their families pay for university fees from over 130 countries[4].

North Loop partnered up with Transferwise for global remittances services, announcing the partnership on 22nd July 2020[5]

Focus on the NRI community[edit]

North Loop is the first challenger bank focused on Indians living abroad. It does this by providing a digital-first experience for Non-resident Indian and person of Indian origin banking products ranging from NRE and NRO accounts to Fixed Deposit. 

Mutual fund[edit]

North Loop's mutual fund distribution service is registered with the AMFI. Customers can invest in Indian mutual funds from around the world using North Loop’s mutual fund investment service[6].

References[edit]

  1. "international students now have access to new us bank". Pymnts. 23 August 2019.
  2. "new bank for international students". Pie News. 20 August 2019.
  3. "international students now have access to new us bank". Pymnts. 23 August 2019.
  4. "US neobank North Loop partners with Aussie edtech CohortGo". Fintech Futures.
  5. "North Loop integrates Transferwise to facilitate money transfers". Transferwise. 22 July 2020.
  6. "How to Invest". North Loop Bank.


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