# Novo

> Novo is a U.S. business neobank offering checking and integrations for small businesses and freelancers.

Source: https://www.neobank.wiki/wiki/novo
Last updated: 2026-08-11
Categories: Financial technology, United States neobanks, Partner-bank neobanks, Business neobanks, Companies founded in 2016

**Novo** is an American business [neobank](/wiki/neobank) providing checking accounts, invoicing tools and accounting integrations for freelancers and small businesses. It competes in the SMB segment with [Mercury](/wiki/mercury) and [Brex](/wiki/brex).[^nv1]

## 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.[^nv2]

## 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](/wiki/partner-bank) pattern.

## Products

Products include business checking, debit cards, invoicing, cash-flow insights and integrations with e-commerce and bookkeeping tools.

## Infobox

- **Type**: Private
- **Founded**: 2016
- **Headquarters**: United States
- **Model**: Partner-bank business neobank

## 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.


## References

[^nv1]: Novo offers business checking and tools for SMBs via partner banks. — https://www.novo.co/
[^nv2]: Novo focuses on freelancers and small businesses with software integrations. — https://www.novo.co/