Novo
Novo is an American business neobank providing checking accounts, invoicing tools and accounting integrations for freelancers and small businesses. It competes in the SMB segment with Mercury and Brex.1
History
Novo launched to simplify small-business checking with a modern app and integrations to tools like Stripe and accounting software, growing through the late-2010s SMB fintech wave.2
Founders
Novo was co-founded by Justin Ritch and Sharif Rawas, who built the company around freelancer and SMB banking UX.
Partner-bank model
Novo is not a chartered bank; deposits are held at partner banks with FDIC insurance—the standard U.S. business partner-bank pattern.
Products
Products include business checking, debit cards, invoicing, cash-flow insights and integrations with e-commerce and bookkeeping tools.
References
- Novo offers business checking and tools for SMBs via partner banks. https://www.novo.co/
- Novo focuses on freelancers and small businesses with software integrations. https://www.novo.co/
Frequently asked questions
- What is Novo?
- Novo is a U.S.
- When was Novo founded?
- Novo was founded in 2016.
- Where is Novo headquartered?
- Novo is headquartered in United States.
- What type of company is Novo?
- Novo is described as Partner-bank business neobank in its neobank.wiki profile.
See also
- Airwallex — Airwallex is an Australian-founded business fintech for global accounts, payments and spend management.
- Alex Johnson — Alex Johnson is the founder of Fintech Takes, a widely read fintech newsletter and podcast; he is active on X as @AlexH_Johnson.
- Alexandre Prot — Alexandre Prot is co-founder and CEO of Qonto, the Paris-based European business neobank.
- Ali Niknam — Ali Niknam is founder and CEO of Bunq, the Amsterdam-based licensed Dutch neobank.
- Ally Bank — Ally Bank is a large U.S. online bank offering deposits, loans and investment products without branches.