Novo

Score9 out of 10

1 Reviews and Ratings

What is Novo?

Novo, from Novo Platform in New York, is a banking platform that provides business deposit accounts to companies and is supported by a network of FDIC-insured community banks. Novo states their goal is to bring small business banking into the modern age with easy-to-use tools for founders on the go.

Categories & Use Cases

Digital Banking

Web Administrator in Engineering at Chauffage-lehavre (1-10 employees employees)

Use Cases and Deployment Scope

Novo offers me a free business checking account I can integrate with other business tools I use. It's simple, fast, and free.

Pros

No monthly fees
Integration with other solutions
No minimum balance requirement.

Cons

No bank transfer
No cash deposit
Fees for insufficient funds

Most Important Features

Free business checking account
Online platform
Integrated with other solutions

Return on Investment

Better ROI (no fees)
Better follow-up (integrated with the stack)