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
Novo
Financial Services
Miami, FL 32,283 followers
Building better financial solutions for small business owners.
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
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https://novo.co/?utm_source=linkedin&utm_medium=social&utm_campaign=social
External link for Novo
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Miami, FL
- Type
- Privately Held
- Founded
- 2016
Locations
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Primary
Miami, FL 33130, US
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123 William St
19th Fl.
New York, NY 10038, US
Employees at Novo
Updates
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Big news for solopreneurs and small business owners! Live at Money20/20, Novo launched a suite of credit, bookkeeping, and financing solutions designed to simplify the financial management burden for self-employed professionals: • Novo Business Credit Card: The Novo Business Credit Card issued by Continental Bank is tailored for solopreneurs, offering cash flow versatility, fraud protection, and integrated financial transparency, along with partner perks and attractive cashback rewards. • Novo Bookkeeping: This AI-powered tool automates expense categorization, provides comprehensive monthly financial overviews, and simplifies receipt management—offering a bookkeeping solution that's accurate and hassle-free. • Novo Invoice Flex: A cash-flow accelerator that allows customers to advance the full amount of their invoices instantly upon sending, eliminating payment delays and enabling smoother day-to-day operations. Learn more at https://www.novo.co/ Novo Business Credit Card™ is issued by Continental Bank, pursuant to a license from Mastercard® International Incorporated. #Money2020 #SmallBusiness
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Our CEO, Michael Rangel, just shared his take on the state of small business sentiment. Check out his post below!
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!
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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
lithic.com
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New hire alert! Jackson Barnes has joined Novo as the company’s Vice President of Credit. Throughout his career, Barnes has brought numerous impactful credit products to market, significantly benefiting consumers and businesses alike. Read more about Barnes in the Finextra feature below!
Novo names Jackson Barnes VP, credit
finextra.com
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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.
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Introducing our app for the Apple Vision Pro! We love exploring new ways to empower small business owners to manage their money from anywhere, anytime. Novo Platform Inc. {“Novo”) is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A. Member FDIC.” #Novo #AppleVisionPro #Apple
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Novo reposted this
Novo is providing flexible, modern banking tools to help small businesses grow. ✨ GGV Capital U.S.’s #FinTechInnovation50 honoree Novo Founder and CEO Michael Rangel joins Nasdaq to discuss how Novo’s banking platform is supporting the growth of the small business community, helping them to thrive and scale. #FI50 Watch more: https://lnkd.in/eBWe9hZh
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Introducing Novo Apps 📊 Immerse yourself in revenue insights with dynamic graphs, and effortlessly connect to the tools you use every day. Go big or go granular – the data is yours to explore! #NovoApps #financialinsights #datageek "
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Novo reposted this
Novo is providing flexible, modern banking tools to help small businesses grow. ✨ GGV Capital U.S.’s #FinTechInnovation50 honoree Novo Founder and CEO Michael Rangel joins Nasdaq to discuss how Novo’s banking platform is supporting the growth of the small business community, helping them to thrive and scale. #FI50 Watch more: https://lnkd.in/eBWe9hZh