Crosslink Capital Betting Big on Startup Banking: Novo Raises $4.8M Seed Round
Novo announced today that it has raised $4.8 million in venture seed financing to make banking easier, more secure and accessible for small businesses by l
- Since Novos launch in September of 2018, startup founders and small business owners have been able to apply for business checking accounts in under 10 minutes, securely and easily with no minimum balance requirements.
- 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, all managed through the mobile app.
- Enabled by its community bank partner, Middlesex Federal Savings , Novo has been able to leverage the abilities of a nationally chartered and regulated bank while building proprietary technology to create the bank account modern businesses need.