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Success story: Novo

Success story: Novo

Powerfully simple business banking

The proposition

Banking services are critical in the early days of startups and SMEs – purchasing goods, receiving investment, etc. are all important.

We’ve built a mobile-first banking service for the modern entrepreneur so they can send and receive funds seamlessly. Novo accounts give a comprehensive financial picture in real- time with AI-powered insights so business owners can spend time where it matters most – growing their business.

Key features

  • User-friendly mobile application 
  • Multiple user functionality 
  • Easy application and 24-hour approval

Value

  • FDIC-insured business checking accounts 
  • Bullet-proof security 
  • No hidden fees

The Barclays partnership

Novo joined the Barclays Accelerator, powered by Techstars, in 2017. Through that program, Barclays has supported Novo with John Stecher, Barclays Chief Innovation Officer, working as an advisor to Novo.

The business banking team in the UK has been actively engaged with Novo, sharing learnings from the UK SME banking market segment.

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