Nolobank.com
| ISIN | 🆔 |
|---|---|
| Industry | Financial Services |
| Founded 📆 | 2019 |
| Founder 👔 | |
| Headquarters 🏙️ | San Francisco, California, United States |
Area served 🗺️ | |
Key people | Tahem Veer Verma (Founder), Gaurav Chaturvedi (CTO) |
| Services | Retail Banking |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 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]
- ↑ "international students now have access to new us bank". Pymnts. 23 August 2019.
- ↑ "new bank for international students". Pie News. 20 August 2019.
- ↑ "international students now have access to new us bank". Pymnts. 23 August 2019.
- ↑ "US neobank North Loop partners with Aussie edtech CohortGo". Fintech Futures.
- ↑ "North Loop integrates Transferwise to facilitate money transfers". Transferwise. 22 July 2020.
- ↑ "How to Invest". North Loop Bank.
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