Toronto fintech startup Nuula officially launched in Canada earlier this month.
Their app provides a range of critical features to help small business owners stay on top of what matters, like cashflow and commercial metrics, in a simple and easy to digest manner. It also offers an integrated suite of financial products such as business insurance and loans for different stages.
“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,” Mark Ruddock, CEO, said last week.
Even more recently the company announced a partnership with Merchant Growth—described as “Canada’s fastest and most friendly alternative financier”—which will enable businesses to secure anywhere from $5,000 to $500,000 from within the Nuula app.
“Thanks to David Gens and the whole team at Merchant Growth for making this possible,” Ruddock stated on LinkedIn.
Nuula also announced an integration with Even Financial. The result of that partnership is a new personal loan search feature that allows small business owners and early-stage entrepreneurs access to 30 top lenders for personal loan offers up to $250,000.
“Small businesses come in all shapes and sizes—and so do their capital needs,” said Ruddock.
Last month Nuula partnered with Toronto neighbour Walnut on a wellness feature that gives small business owners access to life insurance, meditation programs, and online fitness classes for under $10 per month.
“Nuula is taking a forward-looking approach to the needs of small businesses,” Derek Szeto, cofounder and CEO of Walnut, said in May.
Nuula launched in Toronto 2021.