ZenBusiness Acquires Joust, the Leading Fintech for Small Business Entrepreneurs

Joust will relaunch as ZenBusiness Money and bring a full suite of business banking solutions to the nation’s rising population of small business entrepreneurs.

ZenBusiness, the leading platform for micro businesses to start, run, and grow their business, announced that it has completed the acquisition of Austin-based fintech platform Joust. The strategic acquisition brings Joust’s all-inclusive business banking features to the ZenBusiness platform and will be re-launched as ZenBusiness Money this fall. The deal expands the ZenBusiness service offering by combining Joust’s integrated suite of simple, easy-to-use, enterprise quality financial tools with the company’s already fast-growing all-in-one micro business platform.

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According to a survey conducted by Sensibill, 51% of solopreneurs in the U.S. do not use a business bank account and co-mingle their business and personal finances. On average, these micro businesses use more than 10 separate financial products in order to run their business. The launch of ZenBusiness Money provides critically important financial products that streamline how America’s growing population of entrepreneurs manage their business finances. With the click of a button, micro business founders now have access to an all-in-one suite of modern accounting tools that allow them to scale the sophistication of their business without complicating it.

“The acquisition of Joust and upcoming launch of ZenBusiness Money furthers our mission to provide the nation’s 57 million micro businesses with exceptional and friendly tools that simplify the process of forming and running their business,” said Ross Buhrdorf, CEO & Co-Founder of ZenBusiness. “We are excited to welcome the world-class fintech experience the entire Joust team brings to the ZenBusiness family as we continue to grow the features of our platform.”

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Launched in 2017, Joust was designed specifically to address the financial needs of micro businesses and provide small business entrepreneurs who did not have a business bank account with a robust financial toolkit. ZenBusiness Money will provide a full suite of business banking solutions typically reserved for large companies and integrate seamlessly within the ZenBusiness product ecosystem.

ZenBusiness Money’s intuitive platform will provide entrepreneurs with a simple, all-inclusive toolkit that features invoicing and payments solutions, and merchant services. The company has also planned a robust product roadmap to ensure the financial needs of micro business entrepreneurs are continuously met.

“We believe ALL entrepreneurs should have access to the same banking services reserved for large companies,” said Lamine Zarrad, former CEO & Co-Founder of Joust, and now heading up all Financial Services at ZenBusiness. “By bringing our financial tools to the ZenBusiness platform, we will quickly scale up and empower even the smallest businesses by simplifying and strengthening their daily operations while protecting their interests.”

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