Key Takeaways:
- looch is a Las Vegas based startup shaking up the small business accounting and banking arena.
- It operates on a unique model allowing free accounting on its native bank accounts and crypto wallets, while charging a subscription fee for external accounts.
- looch is an amalgamation of functionalities of spending management platforms, cryptocurrency features and invoicing capabilities.
- With its potential to act as a financial hub for small businesses, looch could pave the way for the future of fintech.
Remember when keeping track of your financial affairs involved a cumbersome combination of ledger books, spreadsheets, and all too often, a healthy portion of guesswork? Those days are long behind us, thanks to the advent of technology and startups like looch. Based in Las Vegas, Nevada, looch is a small business mobile accounting suite that is changing the face of accounting and banking for small businesses, and possibly revolutionizing the future of fintech.
The startup, founded by industry veterans Jody Schering, Joe Spanbauer, Michel Myara, and Navdeep Dhillon, combines the best features of accounting tools like QuickBooks, payment apps like CashApp, and the up-and-coming advantages of cryptocurrency wallets to provide a comprehensive financial solution for small business owners. It’s almost like QuickBooks and CashApp had a baby!
What sets looch apart is its simple, yet innovative approach to accounting. The company provides accounting on its native bank accounts and crypto wallets for free. For other external accounts, looch charges on a ‘per account’ subscription fee basis. This opens up possibilities for seamless financial management, facilitating small businesses to carry out their accounting tasks worry-free.
Furthermore, with its peer-to-peer payments, looch is excellently positioned to function as a financial hub for small businesses. The service offers smartcards that integrate spend management, invoicing capabilities and crypto features, thus catering to the diverse needs of modern businesses. More than just an accounting tool, it’s a comprehensive financial suite made to simplify business financial management.
The influence and potential of looch do not stop at being a financial super-app for small businesses. As a trailblazer in the integration of banking, accounting and cryptocurrency, looch forecasts a future where fintech extends beyond its current confines. With startups such as looch at the helm, it’s only a matter of time before accounting, banking, and cryptocurrency become interwoven, ushering in a new era of sophisticated, accessible financial tools.
As the industry evolves, it would be exciting to explore how these innovations will impact the overall landscape of fintech, small business operations, and the broader economy. In the meantime, it pays to keep a keen eye on startups like looch, pushing boundaries and paving the way for the future. To connect with looch, you can visit their website here, or follow them on Twitter and LinkedIn.
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