We’re thrilled to announce that Novo has raised $40.7M in Series A funding! Read more about today’s news, and what it means for our small business customers, in TechCrunch —
#fintech
#venturecapital
We have inked a partnership with
@TransferWise
that will allow our customers to make transactions across borders at an affordable rate! We’re thrilled to continue offering our customers the best tools to suit their
#smallbusiness
#banking
needs.
#fintech
Novo is working hard to make sure small businesses from Azlo can transfer over to our services seamlessly. We offer unlimited free transactions and no minimums to access our features. If you're looking for a checking account that is reinventing business banking you've found it!
We’re excited to share that
@GGVCapital
has joined the company’s Series B as a strategic investor with an additional $35 million. This brings Novo’s Series B to $125 million, and total equity funding to more than $170 million. Learn more via
@Forbes
Earlier this week, we were honored to be named the “Best Digital Banking Platform” in the 2023 FinTech Breakthrough Awards. Rather than spending money on an advertising campaign around our award win, we want to celebrate a Novo customer who had a Breakthrough year in 2022.
We know you have a lot of questions with the closure of
@AzloNow
, and we're here to make the transition a little clearer. Novo is the best alternative to Azlo out there. Check out how we compare. We'd love to have you as part of our community!
We have some BIG news! We closed a fundraising round with the support of some incredible investors. Read more to see why this is going to be a game changer for us ➡️
#fintech
#banking
#startup
Novo proudly supports over a hundred thousand brave business owners! It is our users that inspire us with their trials and tribulations as brave business owners. Build on your brave with Novo.
#Retweet
this post and tag us in your own
#SmallBusinessBrave
story.
We at Novo are sad to hear about
@AzloNow
being shut down. Our hearts go out to all of those affected by the closure, and we want you to know we’re here to help.
We’re excited to announce our partnership with
@stripe
@atlas
as we continue to help business owners spend less time managing their business and more time growing it. Learn more here 👇
Quick announcement! New ways
@stripe
@atlas
helps founders open a bank account: more choices, more money, less typing.
1. Added
@novo_hq
for small biz
2. Integrated
@mercury
pre-fill and auto link incorporation docs, no (re)typing, no uploads!
3. Get up to $500 cash back
🏦🧵=>
The three biggest US banks just reported their fourth-quarter earnings. Here’s how much money each bank made in the last three months on account maintenance fees from small businesses and consumers. 🧵
Novo raised $90 million in Series B funding, led by Stripes!
With this funding, we will continue building out a premier small business banking platform, with a focus on reducing cash flow friction via modern lending capabilities, integrations, and more.
In Q4 2022, the three biggest US banks made $2.11 billion combined on fees from small businesses and consumers. Here’s how much they charge in monthly fees 🧵
Novo is thrilled to announced that it is ranked
#38
on the
@Inc
5000 list of fastest growing companies! Novo is also ranked the
#2
fastest growing company in the entire financial services industry, and the
#2
fastest growing company in Florida
#inc5000
We’re excited to share that Novo has been named one of Forbes’ Fintech 50. This is an amazing opportunity for us to continue to expand to help small businesses. Thank you
@Forbes
!
You can read more here:
We’re proud to announce that we’ve been chosen as a top finalist for the 2019
@sxsw
Pitch Competition! Michael Rangel
@MVRangs
CEO of Novo is presenting in the Enterprise & Smart Data category. Join us this Saturday. Read more here →
#SXSW
We are proud to be added to the Embedded Fintech 50 List.
This list was launched by
@GGVCapital
in partnership with
@Crunchbase
to recognize the most promising fintech companies in the eyes of startup investors.
Introducing Novo Boost so you can opt in to receive payments to your Novo account 2-4 days early, fee-free. For our entrepreneurs-on-the-go, don’t miss a beat! Novo Boost is our first step in making your money move as fast as you want to grow
Now available for users in open beta
That's a wrap here at
#TCDisrupt
-- huge thanks to everyone at
@TechCrunch
for putting on a great show. If you didn't catch us, check out for info on how you can supercharge your
#smallbusiness
This has been an incredibly difficult decision for the team, and a deeply personal one for me. Many of us at Brex are deeply inspired by what small businesses contribute to their communities, but we believe these customers deserve a partner that’s entirely focused on them.
Tens of thousands of SMBs are scrambling to get their Brex accounts as they're unwilling to support any business that did not have some sort of “professional” funding.
Calling all NYC startups 🗣 we will be hosting a
#CX
panel on December 12 at the NovoHQ! The panel will be moderated by
@Zendesk
’s VP of Startup Initiatives. We hope to see you there! RSVP ➡️
#SMBTech
Not sure where to turn for loans through the
#PaycheckProtectionProgram
? Novo is now offering access to funding options for ALL eligible small businesses, current Novo customers or not. Learn more at
Some customers may be experiencing issues signing into their Novo accounts. We sincerely apologize for any inconvenience and are working to resolve this as fast as we can.
Exciting news, we are going to
#Xerocon
next week! Can’t wait to meet all you leading
#accounting
firms in San Diego. So be sure to stop by our booth and say hi. See more info about the event here ➡️
#fintech
#cloudaccounting
Want to get your money faster? Opt-in to Novo Boost. Boost allows you to receive your payments up to 2-4 days early, 100% free.
Novo Boost and early availability of funds are governed by the program terms and conditions.
Novo is expanding! Choose from more than a dozen integrations to customize your banking experience.
Business banking with Novo is tailored to your needs like never before.
What new integrations will you be using? 🔌
#Novo
#FinTech
#Banking
#SmallBusiness
#Startup
#Entrepreneur
If you just received an email from Nearside that your business checking account is being closed, Novo is here to help. We are a free, easy, and award-winning business checking account already trusted by more than 190,000 business owners.
Set up Profit First accounting for your business in just a few clicks with our new, free Reserves package. Learn why paying yourself what you're worth benefits your business in the long run here:
Another huge thanks to our new partner
@Xero
for inviting us to
#Xerocon
and announcing our integration! We had a great time meeting the awesome accounting leaders in your network.
#startup
#fintech
You're going to be faced with moments of uncertainty on your brave business journey. Embrace the ride and rest assured that Novo, the free business checking account, has your back.
Thank you
@opportunitymia
for inviting Novo CEO
@MichaelVRangel
on your podcast to discuss how tech-fueled services can drive small businesses.
Listen to the full episode -
Novo is now supported within the
@Plaid
data network! Check out how this integration of financial management apps will help
#startups
and
#smallbusinesses
better manage their finances.
Awesome news!
@Visa
awarded Novo and our CTO+Co-Founder
@tmcpro
the 2019 U.S. Visa Everywhere Initiative. The program seeks out the strongest
#startups
in the payments industry. We struck gold in two categories at the event, which considered 500+ startups.
Nerd Wallet awarded us 5/5 stars for the Best Business Checking Accounts in 2022. Not only does Novo refund all ATM fees, but we also offer a powerfully simple interface with integrations and perks for the modern-day business owner.
Check it out:
We go wherever you go: access your Novo account anytime, anywhere. Stay informed on your finances with our customizable dashboard that allows you to develop comprehensive workflow solutions for your business. Learn how you can give your business an edge:
At Novo, we believe that collaboration is a key factor for any team's success. That means that the whole is greater than the sum of its parts, that we must trust each other, and that we must be selfless to work towards the greater good. How does your company embody collaboration?
Novo Boost helps your business operate up to 95% faster. Connect your Stripe integration from Novo Apps and opt-in to receive faster payments with Boost.
We had a blast Wednesday night at the
@RiseNYC
panel on
#LatinExcellence
. It was great to hear from the
#LatinX
founders and their experiences as
#FirstGen
Americans. And congrats again to Yadira Harrison, Founder of verb., for making the 40 under 40 list by
@adage
.
Thank you
@FrancisSuarez
for hosting our founders! We admire your investment in bringing Miami to the forefront of tech.
#MiamiTech
is excited to be on this journey with you.
Banking services provided by Middlesex Federal Savings, F.A.
Enjoy Our
#CafecitoTalk
with
@BankNovo
, an online bank that empowers their customer built for today's business owners.
Novo has brought their global HQ to Miami, is planning on hiring 60 people here, and is building pathways to prosperity in the Magic City!
Since
@AzloNow
is closing I had to find a new bank! I ended up switching to
@banknovo
and decided to write a post about it in the process! If you need to switch from
#azlo
there's a promo code in here too!
Introducing Novo Payroll! 💸
Say goodbye to tab-switching, compliance concerns, and paying extra for unused features. With Novo Payroll, experience simplicity and efficiency.
That's right, you can run payroll directly from the Novo account you already know and trust.
We’ve got some great advice for you! Our co-founder, Michael Rangel, was recently interviewed by
@moneyunder30
and offered up some book suggestions, life tips, and a heck of a story. Learn more about Novo here!
As a small business, you’ve most likely heard of the PPP loan program. We’re here to help as best we can in answering your questions about Round 2:
What is the
#PPP
loan, am I eligible, and how do I apply?
1/8
Operating your business as a sole proprietorship may not suit your needs forever—you may reach a point at which it makes sense to transition to an LLC. Learn why, when, and how to make the change:
Don’t forget that in 2 hours you can learn more about how to manage products, what makes products successful, and how to take a new product to market from our very own
@eartothenoise
. Register now at !
Novo CEO and co-founder Michael Rangel is ready to challenge the status quo. We believe in transparency and a simple product that offers you all you need to view your financial picture. Succeed bigger with Novo.
Thank you
@FrancisSuarez
for hosting our founders!
#Startup
founders, need some help finding seed-stage capital for your business? We teamed up with
@NextViewVC
to provide you with a guide on how to create a
#pitchdeck
. Keep reading to learn more.
#vc
Novo has big news! We want you to be able to move money faster. That's why we built Boost for you to get your Stripe payouts 2-4 days early. Plus, we've hired a new EVP of Lending. Stay tuned for even more big announcements, and read more at this link:
Novo and Azlo were built on similar principles (small businesses first!), and we look forward to upholding the simplicity of business banking in the years to come.
This week's
#SmallBizSpotlight
goes to
@prancingponypod
on
#TolkienReadingDay
! The Prancing Pony is a weekly podcast exploring the books of J.R.R. Tolkien a few pages at a time. Check them out at or anywhere you listen to podcasts!
September is all about growth at
#Novo
! How do you grow your business, get funds, and create a following? Follow along this month as we discuss business development and growth!
Use
#NovoGrowth
so we can
#Retweet
your tips to our community! 👍
Big News! Novo has made it to the 2024 Fintech Innovation 50 list! Recognized for our commitment to revolutionizing small business finances. Thanks to
@GGVCapital
and
@crunchbase
for the honor. Check out the details:
#Fintech
#Innovation
#SmallBiz
In case you missed it: you can now connect your Novo account to
@mint
! Link Novo like you would any other platform to keep better track of your finances today!
Anybody going to
@CBinsights
#FutureOfFintech
tomorrow? Check out our Co-founder and CEO
@MVRangs
speaking at 11 AM on the Financial Inclusion Stage!
Learn about how Novo and other startups have been modernizing the landscape of business banking.
Brex will officially retract banking services to tens of thousands of small business owners on Monday, August 15th. Brex may be unwilling to support your business, but Novo is the home of the Small Business Brave.
Join over 175,000 small businesses!
Novo Founder, Michael Rangel, discusses the power of the underdog on Bank On It with
@johnsiracusa
. Here at Novo, we believe in embodying the underdog to go up against challenges and adversities.
We’re excited to announce our new, expanded partnership with
@LegalZoom
!🌱
LegalZoom customers can apply for a Novo account from within LegalZoom in just two minutes.
Novo customers can access LegalZoom’s formation, registered agent, and advisory services right in Novo.
Small business owners, are you paying yourself? If the answer is no, you’ll want to implement Profit First accounting 🧵
@MikeMichalowicz
@ProfitFirstPros
This month's employee spotlight is well-deserved by Simran who is our Onboarding/KYC Manager. She has transcended into a magnetic leader who creates an inspirational environment for her team members. Thanks for all your work in making Novo shine, Simran!
#Novo
#Fintech
#Startup
We made it rain 💵 at the
@banknovo
New York office, where their customer success team helps entrepreneurs build business banking that doesn't suck. Peek into their office on our Instagram story today.
Thanks to OOH Today for naming Novo's Miami billboards the top creative of the week. We are so proud to feature our small business owners in these photos. Check out the article to see for yourself:
Calling all
#nycstartups
for a free
@ThinkRiseNY
discussion with Barclays’ Innovation Director Sanjaya Shrestha to learn more about India’s current
#FinTech
landscape.