Novo

Novo Secures $125 Million Facility for New Working Capital Offering
Novo Secures $125 Million Facility for New Working Capital Offering
August 03, 2023  |  Investments

Novo has launched a new offering to help small businesses access working capital. The company has also secured a $125 million facility from Victory Park...

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Novo Adds Debit Card to Financial Platform for Small Businesses
Novo Adds Debit Card to Financial Platform for Small Businesses
June 22, 2023  |  SMBs

Novo has added a debit card to its financial platform for small businesses. The new Novo Debit Card features transaction monitoring, fraud alerts and in-app controls designed to...

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Novo to Launch Working Capital Program for Small Businesses
Novo to Launch Working Capital Program for Small Businesses
March 29, 2023  |  Loans

Novo is conducting a pilot of a working capital program designed for small business owners. Over the last six months, the pilot program by the...

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Keeping Small Businesses Afloat With Personalization and Automation
Keeping Small Businesses Afloat With Personalization and Automation
October 13, 2022  |  Digital-First Banking

With 80% of Gen Z consumers now eager to complete complicated banking tasks such as loan applications online, the race to win these digital-only customers...

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Personalization Becomes Competitive Advantage for Digital-First Banks
Personalization Becomes Competitive Advantage for Digital-First Banks
October 12, 2022  |  Digital-First Banking

The importance of digital banking is about to grow. Spurred by the closure of almost 3,000 physical branches in the United States in 2021, customers...

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Novo on Helping Sole Proprietors Survive and Then Thrive With Faster Payments
Novo on Helping Sole Proprietors Survive and Then Thrive With Faster Payments
June 16, 2022  |  Faster Payments

In the "Real-Time Payments Tracker," Novo’s Grant Sahag sheds fresh light on how giving entrepreneurs access to faster payments can ease financial stress and put...

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Faster Payments Take Sole Proprietors From Survival to Success
Faster Payments Take Sole Proprietors From Survival to Success
June 15, 2022  |  Faster Payments

Consumers are struggling under growing economic burdens exacerbated by such problems as inflation rising more than 8% in the past year. As the digital transformation...

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Ending The ‘Square Peg, Round Hole’ Small Biz Banking Problem
Ending The ‘Square Peg, Round Hole’ Small Biz Banking Problem
January 18, 2022  |  SMBs

Small business banking suffers from a “square peg, round hole” problem. Michael Rangel, CEO of challenger bank Novo, told PYMNTS’ Karen Webster that small- to...

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SMB Bank Platform Novo Raises $90M
SMB Bank Platform Novo Raises $90M
January 11, 2022  |  Investments

Novo announced Tuesday (Jan. 11) it has raised $90 million in Series B funding, bringing the valuation of the small business banking platform to $700...

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