Nuula, a fintech company that provides small businesses with the tools and capital they need to excel, announced its Canadian launch today. Starting today, Nuula will offer Canadian small business owners a groundbreaking way to track their company's performance and gain access to various financial products tailored to their needs as owners.
Nuula's super app supports many useful features to help small business owners stay on top of what's valuable. It includes monitoring their cash flow in real-time and diagnosing cash shortfalls before they occur. It facilitates them to monitor critical financial and commercial metrics in a simple and easy-to-understand format. It also allows them to track customer sentiments, such as online ratings and reviews.
The app offers a comprehensive suite of financial products designed to meet the needs of both the business and the business owner. These include personal and business insurance, loans tailored to different stages and ages of businesses, and smart credit cards that help automate and reduce back-office overhead.
Mark Ruddock, CEO at Nuula said, "Nuula is based in Toronto, so we are particularly excited to bring this innovative financial service offering to our home market. Also, Nuula's unique app-based approach delivers a suite of financial products and services that are designed specifically to meet the needs of small businesses, and the entrepreneurs who run them. This is a first for the Canadian market."
The app is designed to integrate best-in-class products from a carefully curated ecosystem of partners. The Canadian launch of the company incorporates two exciting new embedded financial products from Canadian companies, Caary and OneVest.
Canadian small business owners will be able to access the following features via the Nuula app:
Real-time business metrics.
Personalized financial services.
Nuula is now accessible in the U.S. and all provinces of Canada except Quebec, with plans to launch in the United Kingdom in late 2022.