Founded
2016
Users
250,000+
Total Funding
$298M
Employees
400+
🏢 Company Overview
Headquarters
Miami, USA
CEO
Michael Rangel
Founder
Michael Rangel, Tyler McIntyre
Funding Stage
Series C+
Total Funding
$298M
Users
250,000+
Pricing
free
Rating
★ 4.1
AML Compliant
PCI DSS
Payment License
FDIC Insured
FDIC insured up to $250,000 through Middlesex Federal Savings, F.A.
ℹ️ About Novo
Novo is a fee-free online business banking platform offering checking accounts, invoicing, and bookkeeping tools for small businesses.
⚡ Key Features
Zero-fee business checking with unlimited transactions
Built-in customizable invoicing with payment tracking
AI-powered automated bookkeeping and categorization
Novo Reserves budgeting and fund allocation
Direct e-commerce platform income integrations
Business credit card with cashback rewards
💪 Strengths & Weaknesses
4 Pros
3 Cons
💪
Strengths
What it does well
No monthly fees whatsoever
Robust third-party software integrations
Built-in invoicing and bookkeeping
FDIC-insured up to $250,000
⚠️
Weaknesses
Areas to improve
No cash deposit capability
Limited live customer support
US-only business account availability
💬 User Reviews
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🔗 External Resources
🌍 Available In
1 countries
United States
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Novo
4.1 ★