Baselane, a financial technology company in New York City, helps independent landlords manage bookkeeping, collect rent and run analytics. On Tuesday the company announced that it added a banking platform to the mix.
Baselane Banking will let users open an unlimited number of checking accounts with no fees on cash withdrawals and transfers and no minimum balance. In addition, landlords can open dedicated sub-accounts for needs such as keeping separate funds for units or properties, saving for remodels or setting aside security deposits.
“With the launch of our integrated banking platform, users not only save significant time and money using one seamlessly integrated end-to-end solution, but they also get clear insights into their property finances to make better business decisions,” said Mathias Korder, co-founder and CEO of Baselane.