Online NeoBank Azlo Closing at End of Month

Azlo, an online business banking platform, announced it will be closing all accounts by March 31, 2021. The decision came down from the majority stakeholder BBVA, support staff dedicated to helping customers transfer out of the platform said.

“Unfortunately, it is true that our parent bank, BBVA USA, has made the decision to close Azlo and all Azlo accounts will be closed by March 31, 2021,” Alex from Azlo support said. “Please know that we regret this; helping small businesses and entrepreneurs survive and thrive has brought us nothing but joy and fulfillment, and we wish we could continue.”

Azlo has a “Business banking alternatives” blog post, featuring options like Quickbooks Cash.

Azlo provided services under BBVA USA, which was acquired in November by PNC Financial Services.

Kevin Travers was a Reporter at deBanked.