Novo success story

Success story


Powerfully simple business banking

29 April 2020

5 minute read

The proposition

Current or checking accounts are the core of every small business. The ability to make and receive payments seamlessly is incredibly important.

Novo has built a powerfully simple, mobile-first banking platform for the modern entrepreneur so they can bank wherever they are, with no transactional fees or minimum balance. Novo accounts are FDIC-insured through their partner bank, Middlesex Federal Savings.

Key features

  • User-friendly mobile and web interface 
  • Multiple-user functionality 
  • Integrations with Xero, TransferWise and Slack


  • FDIC-insured business checking accounts on the go 
  • Lightning-fast online applications 
  • No hidden fees

The Barclays partnership

Novo joined the Barclays Accelerator, powered by Techstars, in 2017.

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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