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Rating

4.1

Prices Avaible on Website

Novo

All your Business Banking in one platform

Founded

2016

CEO

Michael Rangel

Based in

Miami, US

Languages

English

Video & Screenshots

 Overview

As a digital banking platform for small businesses, Novo offers a range of features to help entrepreneurs manage their finances effectively. In terms of selling and promoting itself, Novo focuses on its user-friendly interface and personalized customer service, which are designed to meet the unique needs of small business owners. The platform also highlights its competitive pricing and no-fee banking services, making it an attractive option for cost-conscious entrepreneurs. Additionally, Novo has a strong social media presence and regularly engages with its community of users, helping to build trust and foster loyalty among its customer base. Overall, Novo’s focus on user experience, affordability, and customer engagement are key selling points for the platform in the highly competitive digital banking market.

 Features

  • No Monthly Fees: Novo does not charge any monthly fees for their business banking services, making it an affordable option for small businesses and startups.
  • Easy Account Opening: Novo allows users to open a business account within minutes through their mobile app, without the need for visiting a physical branch.
  • Unlimited Transactions: With Novo, businesses can make unlimited transactions without any extra charges.
  • Integration with Accounting Software: Novo integrates with popular accounting software like QuickBooks, Xero, and Wave, making it easier for businesses to manage their finances.
  • Mobile Banking: Novo’s mobile app allows users to manage their accounts, make payments, and deposit checks from their mobile devices.
  • Business Debit Card: Novo offers a free business debit card that can be used for purchases and ATM withdrawals.
  • 24/7 Customer Support: Novo provides 24/7 customer support to assist businesses with their banking needs.
  • ACH and Wire Transfers: Novo enables businesses to make ACH and wire transfers for payroll and other business expenses.
  • FDIC-Insured: Novo accounts are FDIC-insured up to $250,000, providing businesses with added security.
  • Cash Deposit Services: Novo partners with Green Dot to provide cash deposit services at over 90,000 locations across the US.