Novo: Raises $4.8M Seed Round

March 29, 2021

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Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

Novo customer-first banking for the modern entrepreneur, giving users the flexibility to bank on their own terms
Announced that it raised $4.8 million in venture seed financing to make banking easier, more secure
In short, Novo offers business banking products without any paperwork or hidden fees
Getting a Novo account gives customers access to a free business checking account with debit card access
Enabled by its community bank partner, Middlesex Federal Savings, Novo has been able to leverage the abilities of a nationally chartered
Novo aims to become the “financial watchtower for small business” offering data analytics through multiple partners