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Novo (Bank Novo)

Novo (Bank Novo)

Novo focuses on giving a banking option to startups and small business owners, founded by Michael Rangel and Tyler McIntyre.

Novo is a banking platform for startups and small business owners. The company was founded in 2016, by Michael Rangel and Tyler McIntyre, in New York.

The goal of the company is to become the "financial watchtower for small business", and can provide data through other partnering platforms like Slack, Stripe, and Zapier. The company is customer-centered and has partnered with these platforms to expand usability and improve customer experience.

Novo is backed by a network of FDIC-insured community banks. The company is a tech company that offers a banking platform that supports their insurer Middlesex Federal Savings. Benefits users get when using Novo include no minimum balances, no hidden fees, and is free to use worldwide and is accepted worldwide.

The company is also partnered with Xero which is an accounting provider for small businesses. The two entities have users that range from high profile startups to smaller sole proprietors in each U.S. state.

Novo is a company that participated in the Class 114 - Barclays NYC 2017 Q4 cohort of Techstars and raised an estimated $100,000.

Timeline

May 2, 2019

Attended TechDay New York 2019 as an Exhibitor

April 2019

Novo raises a $4,800,000 seed round from Stanford Law School Venture Fund, Red Sea Ventures, Hack VC, Crosslink Capital, Rainfall Ventures and RRE Ventures.

March 2019

Novo raises a $4,800,000 seed round from Crosslink Capital.

November 28, 2018

Attended Small Biz: Banking Conference 2018 as a Speaker

October 21, 2018

Attended Money 20/20 USA 2018 as a Contestant and as an Exhibitor

September 30, 2018

Attended Forbes Under 30 Summit 2018 as an Exhibitor

September 24, 2018

Attended FinovateFall 2018 as an Exhibitor

September 5, 2018

Attended TechCrunch Disrupt SF 2018 as an Exhibitor

September 12, 2016

Attended TechCrunch Disrupt SF 2016 as an Exhibitor

People

Name
Role
LinkedIn

Michael Rangel

Co-Founder, CEO

Miranda Garrido

Head of Product

Pujish Amin

Head of Operations

Tyler McIntyre

Co-Founder

Will Harlow

Business Analyst

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References