Joust

About

Joust Labs is a U.S. neobank for freelancers and small businesses offering FDIC-insured bank and merchant accounts, invoicing and payments tools, PayArmour same-day invoice-guarantee, and risk-based cash-flow smoothing.

Mission

Joust Labs is a U.S.-based neobank founded in 2017 that offers an all-inclusive banking platform serving freelancers, contractors, and small business founders in all 50 states. Its business banking app combines an FDIC-insured bank account with a merchant account to accept all kinds of payments and is available on Google Play and the Apple App Store. Core features include invoicing and payments management plus PayArmour, an invoicing-guarantee product that offers same-day funding when clients pay late or not at all. The platform is designed to smooth irregular cash flows and mitigate income volatility for independent professionals and small businesses. Joust says it uses contextual data and proprietary risk algorithms to reduce cost, complexity and risk for solopreneurs, and plans to expand its platform to serve the growing freelance workforce segment.

Quick Facts