Nivo
Eliminating email, phone and paper/post in Financial Services
- 1-20 employees
- B2B
- Productivity
- Communication
- Financial Services
- Identity
- Central Retail District, Manchester, UK
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Company mission
To connect consumers and financial services providers around the world with ease.
40% female employees
Our take
Financial service providers are under increasing pressure to keep up with the quickening pace of development in tech and in consumer preferences. Legacy banks and other providers are already losing substantial custom to the neobanks and other more agile competitors. Novo is hoping to change that, with its secure instant messaging (IM) for financial services.
Pivoting to IM-first communication over emails or calls has led to substantial business growth in other customer-facing sectors like ecommerce. The benefits of providing 24/7 customer service, winning better conversion rates, and radically cutting down phone and email administration is enormous. Most crucially, it will help financial institutions court the growing and IM-disposed Gen Z demographic as they mature into a powerful consumer market.
Nivo is, therefore, creating the opportunity for financial services to take the inevitable plunge into digital transformation sooner rather than later. Secure IM is seeing a boom across various other industries and Nivo is well positioned to bring that success to financial services too.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 25 Days Holiday
- Flexible Working
Funding (last 2 of 3 rounds)
Dec 2022
$1.3m
EARLY VC
May 2019
$2.6m
SERIES A
$4.4m
Total funding
Leadership
Michael Common
(Co-founder & CEO)Previously spent around a decade in various roles at Barclays, before pivoting to take Nivo out of the Barclays accelerator and launch it as an independent business.
Matthew Elliott
(Co-founder)Spent over a decade working with Tier 1 financial services on strategy, transformation, and leadership; subsequently joined Barclays to head up Rise Manchester and Global Open Innovation.