Novo is a fintech startup providing digital banking services to small businesses. Its flagship product is a fee-free business checking account with an intuitive mobile app and integrations with popular tools like Stripe and Shopify. Founded in 2018, Novo has grown to 180,000+ customers and processed over $12 billion in transactions.
Novo's founders bring relevant fintech experience to the business. CEO Michael Rangel previously co-founded a mobile banking startup, while CTO Tyler McIntyre has an engineering background from companies like Xoom and Twitter. The Miami-based company has raised $135 million to date from investors including GGV Capital and Valar Ventures. With this capital, Novo plans to expand into lending, speed up money movement, and enhance its product suite. Joining Novo provides an opportunity to directly impact the success of small business owners by building innovative digital banking solutions.
2016
Founded
250-500
Employees
Series B
Stage
>$750M
Latest Valuation
$100-200M
Total Funding
Nov 22 2022
Last Fundraise
Why is the rating
Top Previous Employers
Amazon
American Express
Genpact
NatWest Group
WNS Global Services