4stay and North Loop recently announced a strategic partnership to provide a streamline with the international student experience in the United States for international students.
Every year, more than 1 million international students fly to the United States to get an education abroad. Many students with no experience in education abroad are concerned with housing, adaptation and financing. 4stay and North Loop have joined forces to provide assurance that these students will have the best housing, financing and banking services prior to their arrival to the USA.
North Loop is a new banking concept for international students coming to the U.S. to pursue an education. What makes North Loop stand out from traditional bank products is that North Loop’s main targets are international students, a 1-million population who always struggle to open a bank account because they lack U.S. social security numbers. Students can sign up for an account prior to their travel, and upon arrival, they will have a debit card at their home address.
There are many similarities between these companies: Both 4stay and North Loop were born out of adversity, and the founding members of these companies are immigrants who came to the U.S. to pursue an education, but upon arrival faced difficulties.
Tahem Verma, the founder and CEO of North Loop, had a very negative banking experience when he arrived in the U.S. to undertake an M.B.A. at Cornell. Faridun and Akobir had a similar experience with finding accommodation.
“As international students, they all felt as if they were not the priority in this country,” said Tahem Verna, CEO of North Loop. “That’s how North Loop and 4stay were born.”
By partnering with North Loop, 4stay will be able to offer its service to 20,000 international students who are already using North Loop to open a bank account. These international students will be able to search deposit free, furnished and insured housing options before their arrival to the U.S. and order their bank account card to their address.
About 4Stay.com: 4stay.com is an online marketplace for student housing that provides access to safe, convenient and affordable housing options for international students, interns and scholars who come to the U.S. and other countries around the world. By partnering with 4stay.com, more than 230 schools across the U.S. are able to simplify and streamline housing search and booking for their students.