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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.
