Novo is a fintech company that provides a free business checking account and banking platform tailored for independent businesses, freelancers, startups, and small and medium-sized businesses. Founded in 2016 and headquartered in New York, the company has built a suite of financial tools aimed at simplifying how small businesses manage money.
The Novo Business Banking Platform offers free invoicing, expense tracking, ACH transfers, and cash flow management. It integrates with widely used tools including Stripe, Square, and QuickBooks, consolidating financial operations into a single interface. The platform is designed to replace traditional business banking with a digital-first approach.
Novo serves over 250,000 small businesses and processes billions of dollars in transactions. The company maintains engineering and product teams in India, with offices in Bengaluru, Ahmedabad, and Gurugram, alongside its US operations. Its stated mission is to transform small business banking, with the goal of becoming the primary banking platform for the small business market.
