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Novo logo — Building better financial solutions for small business owner...

Novo

Building better financial solutions for small business owners.

Founded 2016 United States Miami, United States 442 employees Debt Financing Total: $295.50M B2B, Financial Services +2

General Information

Company Name Novo
Founded Year 2016
Location United States Miami, United States
Employees 442
Industries B2B, Financial Services, Fintech +1
Funding Stage Debt Financing
Business Model B2B, SaaS
Revenue Model Service Fee, Usage Based, Commission
Social

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About Novo

Novo, founded in 2016, is a dynamic player within the B2B, Financial Services, Fintech, and Banking industries. Headquartered in the United States, the company positions itself as a frontrunner in offering innovative financial solutions tailored for small businesses. Distancing itself from traditional banking hassles, Novo provides a platform of free checking, automated tools, and seamless integrations aimed at empowering companies to reach their full potential.

Although Novo is a fintech and not a bank, it leverages the resources of Middlesex Federal Savings, F.A., ensuring that the banking services it offers are both credible and reliable. Recently, Novo secured a $125.00M debt financing investment, a testament to its ongoing growth and potential. This latest round of funding, completed on 01 August 2023, was led by Victory Park Capital, reflecting solid investor confidence in Novo's business model and market positioning.

Business keywords: Digital Banking, Small Business Solutions, Automated Banking Tools, Business Banking Integration, Free Checking Accounts, Entrepreneurial Banking, Freelancer Financial Services, Community Bank Partnerships, FDIC Insured Accounts, Business Deposit Accounts, Banking Platform Development, Hassle-free Banking, Startup Financial Services, Seamless Banking Experience

Services & Products

Business Banking
Credit Card Services
Funding Options
Invoicing Solutions
Budgeting and Reserves
Bookkeeping Services
Tool Integrations

Target Customers

Small Businesses Self-Employed Individuals Freelancers Consultants Marketing Advisors Web Developers Brand Designers Property Managers Photographers Online Retailers

Funding Rounds & Investors (8)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $125.00M 1
Victory Park Capital
Victory Park Capital
01 Aug 2023
Series B $35.00M 1
Notable Capital
22 Nov 2022
Series B $90.00M 5
BoxGroup Crosslink Capital Valar Ventures
BoxGroup, Crosslink Capital +3
11 Jan 2022
Series A $40.70M 7
BoxGroup Crosslink Capital Red Sea Ventures
BoxGroup, Crosslink Capital +5
16 Jun 2021
Seed Round $4.80M 7
RRE Ventures Crosslink Capital Red Sea Ventures
RRE Ventures, Crosslink Capital +5
29 Mar 2019
Seed Round Undisclosed 1
Magic Fund
Magic Fund
01 Sep 2018
Non Equity Assistance Undisclosed 1
DCU FinTech Innovation Center
DCU FinTech Innovation Center
30 Jan 2018
Pre Seed Round Undisclosed 1
Techstars
Techstars
23 Oct 2017

Novo Alternatives & Competitors

View All Alternatives
Novo vs
Kontist by Shine
Kontist by Shine Germany

Banking & Buchhaltung für Solo-Selbständige und kleine Unternehmen, wie UG, GbR, GmbH

Acquired
28 employees
Fintech, Banking
Compare Novo vs Kontist by Shine
Novo vs
Oxygen
Oxygen United States

Business and personal banking solutions for the extraordinary.

Series B
161 employees
Financial Services, Fintech
Compare Novo vs Oxygen
Novo vs
North One
North One United States

Connect every part of your business to one bank account.

Series B
17 employees
Financial Services, Fintech
Also compare with: Novo vs MoCaFi MoCaFi View all alternatives

FAQ About Novo

Building better financial solutions for small business owners.
Novo was founded in 2016.
Novo is headquartered in Miami, United States.
Novo operates in B2B, Financial Services, Fintech and Banking. Its work centres on Digital Banking, Small Business Solutions, Automated Banking Tools and Business Banking Integration. Its customers include Small Businesses, Self-Employed Individuals and Freelancers.
Novo has a B2B and SaaS business model. Its revenue comes from Service Fee, Usage Based and Commission.
Novo has approximately 442 employees.
Novo has completed 8 funding rounds, raising a total of $295.50M. The latest funding stage is Debt Financing.
Novo offers: Business Banking, Credit Card Services, Funding Options, Invoicing Solutions, Budgeting and Reserves, Bookkeeping Services, Tool Integrations.
Top alternatives and competitors to Novo include Kontist by Shine, Oxygen, North One, Bluevine, Found. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Novo and Kontist by Shine are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Novo, https://bouncewatch.com/company/novo-2, updated 22 June 2026. When citing, please name BounceWatch and link this page.

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