Novo Platform
Latest round
- Series B
Last raised
- Nov 2022
Total raised
- $173M
Investors
- 10
About Novo Platform
Novo Platform Inc. was founded in 2016 in Miami, US. The company specializes in delivering online banking services. Michael Rangel, who has a history of entrepreneurial ventures, is both the Founder and CEO.00 mn.Novo offers a comprehensive suite of online banking solutions tailored for small businesses, freelancers, and self-employed individuals. The checking account provides an FDIC-insured option for deposits, while the invoicing feature allows users to create customized invoices for faster payments.Novo generates revenue primarily through transaction-based fees associated with their banking services and financial products. Users engage with Novo by utilizing their checking accounts, invoicing tools, and bookkeeping integrations, which involve various transactional activities such as deposits, withdrawals, and payment processing. The business model includes both B2B and direct-to-consumer transactions, allowing clients to manage their financial operations seamlessly.In November 2022, Novo Platform Inc. The company plans to utilize these funds to expand its small business banking platform, focusing on enhancing its product offerings and possibly entering new markets. Specific details about upcoming products or targeted geographic regions for expansion have not been disclosed.
Who invested in Novo Platform
10 investors across 4 rounds
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Questions about Novo Platform
Who invested in Novo Platform?
Novo Platform has 10 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Novo Platform raised?
Novo Platform has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Novo Platform last raise money?
Novo Platform's most recent round on record is a Series B, in Nov 2022.
What does Novo Platform do?
Novo Platform is a financial services company.
Where is Novo Platform headquartered?
Novo Platform is headquartered in Miami, US.
Which VCs invest in companies like Novo Platform?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Novo Platform's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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