US-based neo-banking startup for freelancers, Joust Labs, has recently announced a successful funding round of $2.6 million led by PTB Ventures alongside Accion Venture Lab, Financial Venture Studio, and Techstars.
Founded in 2017, Joust is on a mission to make managing finances easier for freelancers with a banking platform that offers various features, including a business bank account, an integrated merchant account for card acceptance, and PayArmour, the platform's invoicing feature that protects your cashflows from clients' late or non-payments.
Speaking about the investment round, Lamine Zarrad, Founder and CEO of Joust, stated:
"At Joust, we understand the growing market of self-employed workers, freelancers, and small businesses, and their need for an all-in-one banking solution—especially one that gives them the same benefits enjoyed by major corporations. Our platform not only saves time, but also reduces uncertainty and mitigates the risk of late and non-payment."
Read more here.
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