Miami, FL – According to filings with the U.S. Securities and Exchange Commission, Novo is raising $90,361,574.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Michael Rangel played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Novo
Novo is a business banking platform built for todays business owners. Since launching our invite-only release, freelancers, startup founders, and small business owners alike have been opening business checking accounts in minutes, securely and easily with no minimum balance requirements. To be clear: we are an independent tech company. Were not owned or operated by a bank, and we leave the banking to our incredible partner, Middlesex Federal Savings. Novo is bringing small business banking into the modern age with easy-to-use tools for businesses on the go. Novo is powered by some of the brightest minds from tech to financial services, and were all working toward one goal: changing the way businesses bank – everywhere. Were a group of passionate individuals that care about helping small businesses succeed. The entrepreneurial mindset is part of our DNA, and were building a culture of innovation and transparency to create the most compelling banking experience possible.

To learn more about Novo, visit http://www.novo.co/

Contact:
Michael Rangel, Chief Executive Officer
844-260-6800
https://www.linkedin.com/in/michael-rangel/

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