Novo Raises $35M from GGV Capital in Series B Funding
- Novo, a Miami, FL-based provider of a fintech platform for small businesses, raised $35M in Series B funding from GGV Capital
- This brings company’s Series B to $125M and total equity funding to more than $170M. Robin Li, Principal, GGV Capital will join the board as an observer
- The company intends to use the funds to scale its app partnerships and consolidate its market position
- The company provides a checking account and fintech platform built for small businesses
- Since the fall of 2021, the company has launched a range of new capabilities for helping small businesses centralize their finances and speed up their cash flow
- The company has surpassed more than $12 billion in lifetime small business transactions, and has brought on more than 180,000 small business customers
