For a small business owner or entrepreneur, work and life are inextricably linked.
I know this first hand, having launched two early stage startups, and having led fast growing companies of various sizes for over 20 years.
I am therefore thrilled to let you know that starting today, Nuula is launching a new approach to small business financial services by focusing not only on the needs of the business, but also on the needs of the small business owner.
In partnership with Walnut Insurance, Nuula’s new health and wellness feature offers access to meditation, sleep guides, and mental focus programs through Headspace Plus in addition to online fitness programs through ClassPassDigital. The programs are paired with $10k-$50k of Life Insurance to help give small business owners additional peace of mind. All of this is available for as little as $9/month, and can be activated in less than 2 minutes right from within the Nuula App.
The new offering complements Nuula’s existing portfolio of free small business tools, including financial & sales performance tracking, cash-flow forecasting, personal and business credit monitoring, and the ability to stay on top of customer ratings and reviews … all delivered 7/24/365 in a simple, easy to digest format, right to the palms of your hands.
Nuula’s focus on the entrepreneur’s well-being, in addition to business performance, was driven by insights into how personal stress is affecting small business owners, especially with the pressures of the COVID-19 pandemic.
A recent Capital One survey found that 45% of small business owners report that running a business during the pandemic has had a negative impact on their mental well-being, and 42% say they are currently experiencing burnout or have experienced it within the past month.
It’s just another way we’re thinking differently about serving the needs of small businesses, and the entrepreneurs who power them.
Stay tuned … lots more is coming!
#health #businessowners #fintechinnovation #wellness #smallbusiness
Mark Ruddock
Personal blog of an international FinTech executive.
Thoughts of an internationally experienced growth stage CEO and Board Member
Mark Ruddock
Personal blog of an international FinTech executive.
I'm an experienced international CEO with two successful exits and over 20 years of experience at the helm of VC backed technology and fintech startups.
I've both founded companies, and come in as a later stage CEO to help existing companies scale. My experience spans multi-country online financial services, mission critical enterprise software and consumer-focused mobile applications.
I've recently returned to the supervisory board of 4finance, after completing a year as interim CEO. At 4finance, we are leveraging deep technology and data science to build a mobile-first, customer focused business that delivers compelling financial products and services to those underserved by traditional financial institutions. Today, we are Europe’s largest online consumer lender, with over $500MM in revenue and 3,500 employees serving customers across 17 countries. The company is a proven and trusted alternative to conventional bank lending. With half the world's adult population still financially underserved, the potential is significant.
Previously I was Chairman of Finstar Labs. Our mission at Finstar Labs is to identify, invest in and help create the cutting edge user experiences, enabling technologies, and data science that will lay the foundation for the next generation of alternative financial services.
Prior to that I was Managing Director, International at Wonga, responsible for overseeing all businesses outside of the UK, including consumer lending businesses in Canada, Spain, Poland and South Africa and our eCommerce and product financing business BillPay in Germany.
Prior to that I was the CEO of Viigo, which became one of the most highly downloaded Blackberry apps of all time before being acquired by RIM (Blackberry) in 2010.
Before that I was the founder & CEO of INEA, an enterprise software company focused on the financial services industry, which was acquired by Cartesis in 2005, and is now part of SAP.
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