Novo

Novo

Financial Services

Miami, FL 32,097 followers

Building better financial solutions for small business owners.

See jobs Follow

About us

Novo is the banking solutions platform built for small businesses. We remove the usual hassles of business banking and empower companies to reach their full potential with free checking, automated tools, and seamless integrations—all in one platform. Powered by Middlesex Federal Savings, F.A. Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A.; Member FDIC.

Website
https://novo.co/?utm_source=linkedin&utm_medium=social&utm_campaign=organic-social
Industry
Financial Services
Company size
201-500 employees
Headquarters
Miami, FL
Type
Privately Held
Founded
2016

Locations

Employees at Novo

See all employees

Updates

  • View organization page for Novo, graphic
    Novo

    32,097 followers

    Big news! For the second consecutive year, Novo is in the top 100 of the Inc. 5000 list of fastest growing companies! We’re also one of the top 10 fastest growing financial services companies, and one of the fastest growing companies in Florida. Our entire team at Novo would like to share this incredible honor with our more than 250,000 small business customers. Every day, we focus on making the best possible financial platform that provides these small businesses with access to the tools they need to automate back office tasks, letting owners focus on doing what they love the most. You can read more about the Inc. 5000 recognition in the announcement below. https://bit.ly/4dGWB2g

  • View organization page for Novo, graphic
    Novo

    32,097 followers

    Our CEO, Michael Rangel, just shared his take on the state of small business sentiment. Check out his post below!

    View profile for Michael Rangel, graphic
    Michael Rangel

    Founder & CEO @ Novo

    Over the last week, there’s been a lot of discussion about small business sentiment. On the one hand, data clearly shows that small business optimism fell in August. On the other, the Fed is poised to cut interest rates, with Powell saying that small business owners could see “several years of upcoming prosperity” similar to the 1990s alongside the development of the internet. Here’s my take: Small business owners are going through a helluva lot right now… we’re all going through a lot right now, aren’t we? The world is in a weird place; interest rates are still high, many are uneasy given the upcoming elections, there’s violence all over the world, and it feels like we are more divided than ever with many people trying to steal our attention away from what really matters; our family, our business, or our community. We started Novo as a bet on the backbone of this country: small businesses. Because small businesses have always been and will always be the engine that pushes our nation forward. If we have learned anything about small businesses over the last 9 years, it is that they are one of the most resourceful and resilient segments on the planet. Since the pandemic, entrepreneurs have filed a record 19 million applications for new businesses (with applications staying above pre-pandemic levels), while creating 71% of the net new jobs since 2019! Once interest rates drop and we’re through the November elections, small business sentiment will quickly rebound to the near-record high levels we saw earlier this year. And, coupled with the technology tailwinds, I agree with Powell - the future will be very bright!

    Small Business and Entrepreneurship in the Post-COVID Expansion

    Small Business and Entrepreneurship in the Post-COVID Expansion

    home.treasury.gov

  • View organization page for Novo, graphic
    Novo

    32,097 followers

    At Novo, we’re on a mission to empower small businesses and provide the most compelling banking experience possible. That's why we partnered with Lithic to enhance our debit card program and deliver a friction-free experience to our customers. Our very own Michael Rangel and Chelsye Toliver spoke with the Lithic team about our partnership and debit card program. Read the full case study here: https://lnkd.in/eB9i5dYX

    Novo Case Study: Scaling with a Modern Card Issuing Platform | Lithic

    Novo Case Study: Scaling with a Modern Card Issuing Platform | Lithic

    lithic.com

  • View organization page for Novo, graphic
    Novo

    32,097 followers

    We're thrilled to announce that Mark Tsigounis, a long-standing Novo customer and the incredible founder behind Hibear, will be making waves on Shark Tank! 🦈 🚀 Tune in to ABC on April 5 at 8pm EST/5pm PST and join us in cheering on Hibear as they take on the Sharks and showcase their innovative and sustainable adventure products! Don't miss this opportunity to witness firsthand the journey of a true game-changer.

    • No alternative text description for this image

Similar pages

Browse jobs

Funding

Novo 9 total rounds

Last Round

Debt financing

US$ 125.0M

Investors

Victory Park Capital
See more info on crunchbase