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Novus' mission is to use the power of collective action to turn our everyday spending into a force for good.
Neobanks have been around for several years now, from mass market ones like Revolut and Monzo to more niche ones targeting specific markets, like Vybe, which is for teenagers. A new wave of them generating consumer traction are those built with sustainability and climate awareness in mind, which can be very attractive to the growing sustainability-conscious generation.
Novus wants to guide its members towards financial wellness, and inspire and reward them for living more sustainable lifestyles, all while creating positive social and environmental impact with every interaction. Users earn “coins” from their purchases, which they can then donate to over ten causes including ocean conservation, education, hunger alleviation and reforestation.
So far, the company has received regulatory approval from the Financial Conduct Authority FCA and signed over 100 sustainable brands and 10 NGO partnerships. In the longer term, its ambition is to become a “super-app”, encompassing ethical investing, crypto, and business-to-business banking.
Freddie
Company Specialist at Welcome to the Jungle
Feb 2022
$3m
SEED
Dec 2021
$1.3m
SEED
This company has top investors
Hristian Nedyalkov
(Co-founder & CEO)Background in investment at Partners Group.
Noah Bernet
(Co-founder)Bachelor's in Mechanical Engineering and Master's in Information Systems from ETH Zurich.
Andoni Piña Sigg
(Co-founder & COO)Former investment professional at PG Impact Investments.
Shruti Rai
(Co-founder & CGO)Former Commercialisation Lead at Ripple.
Marco Wolf
(Co-founder)Former asset class specialist in business development for Private Debt at Partners Group.