On October 13, 2022, NorthOne announced it had completed its Series B financing led by Tencent. With this funding, NorthOne plans to build new working capital and credit products, as well as faster and more convenient payment solutions.
NorthOne is a banking platform which connects to a company’s financial tools in order to provide insight into their financial health. NorthOne was originally created for small businesses, working to prevent them from overpaying or losing out on productivity through a traditional banking experience.
Osler, Hoskin & Harcourt LLP advised NorthOne with a team consisting of Chad Bayne, Gary Marshall, Sahil Chopra (Emerging and High Growth Companies), and Rob Valentini (Corporate).