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.
Attended TechDay New York 2019 as an Exhibitor
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.
Novo raises a $4,800,000 seed round from Crosslink Capital.
Attended Small Biz: Banking Conference 2018 as a Speaker
Attended Money 20/20 USA 2018 as a Contestant and as an Exhibitor
Attended Forbes Under 30 Summit 2018 as an Exhibitor
Attended FinovateFall 2018 as an Exhibitor
Attended TechCrunch Disrupt SF 2018 as an Exhibitor
Attended TechCrunch Disrupt SF 2016 as an Exhibitor
Head of Product
Head of Operations
Documentaries, videos and podcasts
- TechstarsTechstars is a worldwide network of seed accelerators, startups events, and newsletters
- BankFinancial institution
- AccountingMeasurement, processing and communication of financial information about economic entities
- Xero (software)Online accounting software for small and medium-sized businesses.