{"id":1684,"date":"2020-10-01T14:34:42","date_gmt":"2020-10-01T19:34:42","guid":{"rendered":"https:\/\/www.northone.com\/blog\/?p=1684"},"modified":"2023-01-30T06:58:12","modified_gmt":"2023-01-30T11:58:12","slug":"meet-justin-northone-cofounder-and-coo","status":"publish","type":"post","link":"https:\/\/www.northone.com\/blog\/northone\/meet-justin-northone-cofounder-and-coo","title":{"rendered":"Meet Justin: Co-Founder and COO of North One"},"content":{"rendered":"\n<p><em>North One grew from the realization that small businesses were being left behind by big banking. Justin Adler and Eytan Bensoussan wanted to create a bank to help the working people that make America run.&nbsp;<\/em><br><\/p>\n\n\n\n<p>Justin Adler has always been good with computers. Adler&#8217;s grandfather gifted him his first coding book at just ten years old. While other kids earned money by mowing lawns or stocking shelves, Adler was building basic websites for small businesses in Montreal\u2019s west side.&nbsp;<br><\/p>\n\n\n\n<p>&#8220;My parents always let me know that if I wanted something I was going to have to work for it,&#8221; said Adler. \u201cIf I wanted new school supplies I\u2019d have to pay for them. New clothes? I\u2019d need to pay for them. Going out with my friends? I\u2019d need to pay for that too. Building websites was way more appealing to me than getting a traditional summer job. And I quickly started to learn so much.\u201d&nbsp;<br><\/p>\n\n\n\n<p>By seventeen Adler had started his first real business, one of the country&#8217;s first culture and review websites called Wetlabel. The company quickly grew a massive audience and started making real money on sponsored content and native advertising, two concepts that are commonplace now but seemed truly revolutionary for the time period.&nbsp;<br><\/p>\n\n\n\n<p>By twenty-one, Wetlabel had been acquired. Having achieved success so early in life he was left asking himself the question&#8230;what should I do now?&nbsp;<\/p>\n\n\n\n<p>&#8211;<\/p>\n\n\n\n<p>Over the next decade, Adler would go on to work at some of the fastest growing startups around and built algorithmic technology for companies like <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.shopify.ca\/free-trial?&amp;term=shopify&amp;Network=Search&amp;SiteTarget=&amp;mt=e&amp;adid=328290903116&amp;adpos=&amp;CampaignId=1690202562&amp;branded_enterprise=1&amp;BOID=brand&amp;gclid=CjwKCAjwsan5BRAOEiwALzomX_Yk5_dwRT6C-A4-pa7yRQB7XAQdHNPCDyxVjidBewGFWEZgupBqphoCa2AQAvD_BwE&amp;gclsrc=aw.ds\" target=\"_blank\">Shopify<\/a>, <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.frankandoak.com\/\" target=\"_blank\">Frank And Oak<\/a>, and <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.supercell.clashofclans&amp;hl=en_CA\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Clash Of Clans<\/a>. He made more money. He got promoted and won praise. The success was great &#8212; sure &#8212; but it all started to feel a bit empty.&nbsp;<br><\/p>\n\n\n\n<p>\u201cI had a voice in my head saying: <em>is this really the best thing I can spend my time doing?<\/em>&nbsp; I quickly realized that building technology that helped companies sell virtual soldiers, blouses, and pants was just fundamentally dissatisfying for me,\u201d said Adler. \u201cI wanted to do something with impact.\u201d<br><\/p>\n\n\n\n<p>That opportunity came when Adler was introduced to North One co-founder <a href=\"https:\/\/www.northone.com\/blog\/northone\/meet-eytan-northone-cofounder-and-ceo\">Eytan Bensoussan<\/a> through a mutual friend. In his previous consulting gig Bensoussan had recognized some growing trends in the world of banking.&nbsp;<br><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Big banks had created a culture that fundamentally ignored the needs of small businesses because they didn&#8217;t contribute enough to their bottom line&#8230;despite the fact that small businesses make up nearly half the economy in America.&nbsp;<\/li>\n\n\n\n<li>Big Bank\u2019s apathy towards small business was hurting real working Americans. <a href=\"https:\/\/www.forbes.com\/sites\/forbesfinancecouncil\/2018\/10\/25\/what-percentage-of-small-businesses-fail-and-how-can-you-avoid-being-one-of-them\/#43f557c143b5\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Eighty percent of small businesses fail because of poor financial management.<\/a> Small business owners could be great at their job, but a lack of financial knowledge could cause countless headaches or even destroy their companies.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Solving these problems &#8212; even making a small dent &#8212; could drastically improve the everyday lives of millions of people. Adler understood the problems first hand. They were things he\u2019d encountered when starting out.&nbsp;<br><\/p>\n\n\n\n<p>\u201cAs a teenager running a company, I remember trying to pay my first employee by pulling money from an ATM. I literally went to the ATM to get cash because I didn&#8217;t know you had to use a payroll service,\u201d said Adler. \u201cAfter our first few months in operation, I got a letter from the tax agency because I didn&#8217;t know you had to file corporate taxes every quarter. There were so many things that I didn\u2019t know. But despite all that the company was really successful. Just because we didn\u2019t know about the financial side of things didn\u2019t mean we weren\u2019t good at our actual jobs.\u201d&nbsp;<br><\/p>\n\n\n\n<p>In Europe and the UK, emerging digital banks were starting to shake up the world of traditional banking. Adler and <a aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.northone.com\/blog\/northone\/meet-eytan-northone-cofounder-and-ceo\">Bensoussan<\/a> saw the opportunity to become America\u2019s Challenger Bank. <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.northone.com\/blog\/northone\/big-banks-against-small-business\" target=\"_blank\">The mission<\/a> behind North One was to remove the barriers to success for small businesses in the United States. They\u2019d do this by building a fundamentally smarter and easier to use business bank account.<\/p>\n\n\n\n<p>The duo got to work interviewing hundreds of small business owners in an attempt to pinpoint their needs, wants, and problems with banking. From there they created the features you&#8217;ll find at North One today.&nbsp;<\/p>\n\n\n\n<p>&#8211;<br><\/p>\n\n\n\n<p>Adler\u2019s story points to bigger ideas that are fundamental to North One and our customers: there are plenty of people who are content to do things they\u2019re good at and make a living. There\u2019s nothing wrong with that. But owning your own small business and pursuing something with meaning &#8212; something with the potential to create real impact for yourself and your community &#8212; offers a whole different kind of fulfillment. It can be challenging and it takes tons of work. But the rewards are huge.<br><\/p>\n\n\n\n<p><em>Graham Isador is a writer and photographer in Toronto. <\/em><a href=\"http:\/\/twitter.com\/presgang\"><em>@presgang<\/em><\/a><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>North One grew from the realization that small businesses were being left behind by big banking. Justin Adler and Eytan Bensoussan wanted to create a bank to help the working&#8230;<\/p>\n","protected":false},"author":15,"featured_media":1690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[157],"tags":[244,188,243,213],"class_list":["post-1684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-northone","tag-co-founder","tag-entrepreneur","tag-justin-adler","tag-northone"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Meet Justin: Co-Founder and COO of North One | North One<\/title>\n<meta name=\"description\" content=\"Justin Adler wanted to create a bank to help the working people that make America run. 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