Associate - Stockholm at NorthOne

Stockholm, Stockholm County, Sweden

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Venture CapitalIndustries

Requirements

Natural networker - plugged into the tech world, knows where the best founders are, loves connecting with change-makers
Analytical superstar - spots commercial trends easily, derives information and decisions from limited data, quick gut decisions on excitement
Low-ego self-starter - thrives without close management, driven by curiosity into new areas, strives for greatness while celebrating others' success
At the start of career - 2-3 years experience in high-intensity, rigorous environment (e.g., banking, consulting, VC)
Experience in VC or high-growth tech startup (plus)
Right to work in Sweden
Entrepreneurial mindset, driven by curiosity, ready to embrace uncertainty (even if not all criteria fit)

Responsibilities

Sourcing - uncovering new deals and forming relationships with entrepreneurs across multiple sectors and markets
Diligence - supporting market, financial, and commercial due diligence alongside the investment team
Networking - representing Northzone in the Nordic and broader European ecosystem, connecting with founders, investors, operators, and customers (1-on-1 and at events)
Thesis building - developing new ideas in new markets to build sector expertise over time
Portfolio support - working with existing founders and teams on strategic work

Skills

Deal Sourcing

Due Diligence

Market Analysis

Financial Analysis

Networking

Investment Thesis

Portfolio Support

NorthOne

Fintech platform for small business banking

About NorthOne

NorthOne provides banking services tailored for small businesses and freelancers through a user-friendly platform. The platform simplifies financial management by offering features such as budgeting tools, invoice payments, and instant access to incoming deposits. Users can manage their finances with dedicated physical and virtual debit cards, make standard and same-day ACH payments, and deposit checks via the NorthOne app. Unlike traditional banks, NorthOne operates on a subscription model, charging a flat fee of $10 per month, which ensures transparency in costs. By partnering with The Bancorp Bank, N.A., an FDIC member, NorthOne delivers reliable banking services while focusing on the unique needs of small business owners and freelancers.

New York City, New YorkHeadquarters

2016Year Founded

$88MTotal Funding

SERIES_BCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Remote Work Options

Professional Development Budget

Unlimited Paid Time Off

Risks

Increased competition from fintech companies like Chime and Novo threatens market share.

Regulatory scrutiny on fintech companies could impact NorthOne's operations and compliance costs.

Reliance on The Bancorp Bank, N.A. poses risk if partnership faces disruptions or changes.

Differentiation

NorthOne offers a subscription-based model at $10/month, providing cost predictability for users.

Integration with Plaid enhances cash flow controls, improving financial management for small businesses.

Real-Time Payments network membership allows instant payment reception, aiding cash flow management.

Upsides

$67 million Series B funding supports expansion of business banking and financial management platform.

Partnership with Nimblechapps expands industry-specific tools, attracting niche markets like construction.

Integration with Firstbase enhances service offerings for small and medium businesses, boosting acquisition.

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