Novo is customer-first banking for the modern entrepreneur, giving users the flexibility to bank on their own terms. Built by entrepreneurs for entrepreneurs, Novo allows you to easily create a robust business checking account digitally in minutes, with no minimum balance requirements, no hidden fees, no paperwork, plus free business checking and debit card access. With a focus on customer service and user experience, Novo offers integration with Slack, Stripe, Xero, Zapier, and TransferWise to give entrepreneurs real-time insights and notifications on the financial health of their small businesses. Novo is based out of New York City with a full-time development team in India.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 03/29/19 | $4,800,000 | Seed |
Crosslink Capital Hack VC Rainfall Ventures Red Sea Ventures RRE Ventures Stanford Law School Venture Fund | undisclosed |
| 06/16/21 | $40,700,000 | Series A |
BoxGroup Crosslink Capital Rainfall Ventures Red Sea Ventures Valar Ventures | undisclosed |
| 01/11/22 | $90,000,000 | Series B |
BoxGroup Crosslink Capital Rainfall Ventures Stripes Group Valar Ventures | $700,000,000 |
