3 days a week in office
Digital banking platform for small businesses
Open for applications
Digital banking platform for small businesses
201-500 employees
Open for applications
3 days a week in office
201-500 employees
To empower customers with their financial data and provide the most compelling banking experience possible.
While personal banking transactions are very swift, with apps like Venmo and CashApp enabling the instant moving of money between users, for business users, these processes are frustratingly not as fast. For smaller businesses, the costs of ensuring banking processes are well managed can be prohibitive, and keeping track of finances often utilises a wide range of apps.
Novo has created one app with a drag-and-drop interface to manage several financial apps in one place helping gain a clearer picture of transactional data more quickly. There is strong competition in this area from the likes of Lili, NorthOne, Brex and numerous other Neobanks.
Novo has racked nearly 200,000 SMB customers and has seen over $12B in lifetime transactions, a figure that has recently saw exponential growth. Future plans, following series B funding, include scaling its app partnerships whilst consolidating its market position.
Freddie
Company Specialist at Welcome to the Jungle
29% employee growth in 12 months
Nov 2022
$35m
SERIES B
Jan 2022
$90m
SERIES B
Flatiron District, New York, NY
Michael Rangel
(CEO)Their background lies in operations, having previously worked for Fairholme Capital Management and Smith Barney.
Tyler Mcintyre
(Co-founder)MBA from Wharton, They are also an Angel investor.
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