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Is This Disruptive Fintech Solution Pioneering the Future of Small Business Accounting?

Key Takeaways:
  • Looch is positioning itself as a pioneering fintech solution for small businesses.
  • Acting as a financial hub, looch offers free accounting on native bank accounts and crypto wallets.
  • A unique ‘per account’ subscription fee for external accounts ensures versatility and flexibility for businesses.
  • The looch smartcard combines the functionality of spend management platforms with crypto and invoicing features.

It’s always exciting when a new player enters the fintech space with offerings that promise to shake up the status quo. The latest disruptor is looch, a Las Vegas-based startup that blends accounting, banking, and cryptocurrency solutions in a comprehensive package for small businesses. If Quickbooks and CashApp had a baby, it would be looch.

The company’s smart, simple accounting approach is what differentiates it from traditional offerings. Their mobile accounting suite offers an all-in-one solution that can be accessed anytime, anywhere. The key elements of looch’s business model are its native bank account and crypto wallet services, free of charge and designed to cater to the financial needs of small-scale enterprises.

In an already crowded market, looch’s unique selling proposition is its focus on versatility and affordability. Understanding that small businesses may also have external accounts that need to be managed, looch offers a ‘per account’ subscription service. This means that businesses only pay for what they need and can scale their services as they grow.

Adding to this is looch’s peer-to-peer payments system which effectively transforms them into a financial hub for small businesses. Combine this with looch smartcards that carry all the features of spend management platforms along with added functionality related to crypto and invoicing features, and you have a product that truly stands apart in the fintech industry.

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Looking ahead, looch’s potential for growth in the fintech space is immense. As more small businesses become digitally literate and open to adopting modern tech solutions, looch’s varied and flexible offerings are perfectly suited to meet their evolving needs. Moreover, with the increasing need for secure, user-friendly crypto solutions, the company’s early entry serves as a significant competitive advantage.

In closing, looch appears to be well-positioned to pioneer the future of small business accounting with its disruptive fintech solutions. If their current momentum is any indication, looch is well on its way to making a lasting impact in the fintech sector. Make sure to follow their journey on Twitter, Linkedin, or check out their website here.

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