New banks

Small business bank Joust publicly launches with new app

  • Joust leaves beta and launches a new banking app.
  • The business bank now offers analytics, debit card management, and invoicing in addition to invoice financing.
close

Email a Friend

Small business bank Joust publicly launches with new app

Joust, a digital bank for the self-employed, publicly launched with a new app and several new features.

  • The challenger bank is designed to address the banking needs for solopreneurs and freelancers
  • Joust’s banking app was previously in beta release and this new app adds an analytics dashboard, Joust Visa debit card management, and invoice creation and payments functionality.
  • These new functions complement Joust’s PayArmour tool, which provides invoice financing, and Joust’s combined savings and merchant account
  • Joust uses nbkc as its partner bank and Visa for its debit card.

“We are thrilled to announce our new app,” said Joust’s CEO and co-Founder, Lamine Zarrad. “Since our beta launch, we have kept a steady eye on our users and really dug deep into our product feedback. Our users are risk-takers who want one place to easily manage their finances — so they can have the time and space to focus on their passions. They wanted a modern, streamlined user experience, ways to quickly visualize their finances, and manage clients, income and payments.”

Some challenger banks, like Joust, are creating niche solutions to serve a specific target audience.

  • The U.S. has 57 million freelancers, and it’s expected that more than 50 percent of the county’s workforce will freelance in some capacity by 2027.
  • Participating in the gig economy requires managing clients, accepting a range of payments, and riding the ups and downs of irregular income.
  • Joust plans to add new features during 2020, including P2P payments, savings goals and remittances, direct deposit, invoice estimate creation, and payment reminders.

“Basically, our users want one business platform that helps them from point A to Z. Our new app does that and will continue to do so throughout the year,” said Zarrad.

0 comments on “Small business bank Joust publicly launches with new app”

New banks

BankMobile likely to be first of many to go public this year

  • BankMobile recently went public through its merger agreement with Megalith Financial Acquisition Corp., a special purpose acquisition company.
  • As several fintech trends take hold, this may be the year for fintech IPOs.
Rivka Abramson | January 18, 2021
New banks

With OCC approval of Radius Bank, LendingClub is one step closer to becoming a marketplace bank

  • LendingClub’s merger with Radius Bank received conditional approval by the OCC.
  • The approval marks the latest stage in the acquisition which will transform LendingClub into a marketplace bank.
Rimal Farrukh | January 11, 2021
New banks

Green Dot launches Go2bank, its in-house challenger bank

  • Green Dot is best known for its prepaid cards and managed debit card programs its managed for big brands.
  • The bank has launched its own challenger bank brand to compete head on in digital banking.
Zachary Miller | January 06, 2021
New banks

Quontic is first bank to offer bitcoin rewards on debit card purchases

  • Quontic Bank released a checking account that pays rewards in bitcoin.
  • 20 percent of their consumers indicated that they would switch their checking account to one which rewards them in bitcoin
Rimal Farrukh | December 29, 2020
New banks

With PPP powering account growth, Radius Bank upgrades its business banking

  • Radius Bank launched its small business banking platform and mobile app.
  • The revamped service allows SMBs to smoothly transition across accounts as well as deposit checks, pay bills and make transactions.
Rimal Farrukh | December 28, 2020
More Articles