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Novo is a powerfully simple business banking platform with no hidden fees built for small business owners.
Basic Information
Established by Tyler McIntyre and Michael Rangel, Novo is a business banking platform built for today’s business owners. Since launching their invite-only release, freelancers, startup founders, and small business owners alike have been opening business checking accounts in minutes, securely and easily with no minimum balance requirements. It claims that users can create a business checking account digitally within minutes, with no minimum balance requirements, hidden fees, or paperwork. It also offers free business checking and debit card access
Legal Name
:
Novo Platform Inc.
Headquarters
:
Miami, Florida, United States of America
Founding Date
:
2016
No. of Employees
:
101 to 150
Core Team
:
1.  
Michael Rangel
Founder and CEO
2.  
Tyler McIntyre
Co-Founder
Funding

Total Funding

$135.5M

Investors
:
1.  
Valar Ventures
2.  
Techstars
3.  
Crosslink Capital
4.  
Stripes

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Detail Round Breakdown
Round 1

$35M

Series Name
:
SERIES-B
Date
:
22nd Nov 2022
Investors
:
1.  
GGV Capital