Novo secures USD 41 mln

Thursday 17 June 2021 12:25 CET | News

Novo, a neobank that has built a service targeting small businesses, has closed a round of USD 40.7 million in a Series A.

The funding is being led by Valar Ventures with Crosslink Capital, Rainfall Ventures, Red Sea Ventures and BoxGroup all participating.

Novo is approaching SMB banking from the point of view of running a small business, meaning that typically SMBs are already using a lot of other finance software to manage their books, payments, and other matters. Therefore, Novo has developed a ‘drag and drop’ dashboard where an SMB can integrate and view activity across all of those apps in one place. 

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Keywords: neobanks, banks, funding
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech

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