Novo offers banking solutions tailored for small businesses, including checking accounts, credit cards, funding options, and financial management tools.
Who They Serve
Small businesses, freelancers, self-employed individuals, consultants, and various entrepreneurial sectors.
"Novo has truly changed how we work as a completely virtual team and made things a lot easier for us."
Ilana Griffo - Goodtype
"Choosing Novo and hiring an accountant were honestly the best decisions I made for my business."
Emma McGoldrick - ESM Creative Studio
"The ease of setting up an account without having to visit a branch to verify your identity has been seamless."
Vincent Battaglia - CFO of Host and Keep
"No fees are a big deal to me—I don’t want to feel like the bank is taking my money."
Issac Carter - Coaching Imperative
"I’m a designer, so it’s important that I can customize my invoices with my logo. I can do that in Novo."
Daniela Pinaud - Idea Studio Co.
"Novo has been a great tool that I wish I took advantage of in the beginning."
Gabby Ianniello - Corporate Quitter
Products & Offerings
Detailed information about Novo's products and services. Each offering is enriched with AI-powered insights to help you understand capabilities, features, and use cases.
The Novo Business Credit Card™ empowers small business owners to earn rewards, build business credit, and manage expenses efficiently. It offers up to 2% cashback on all business purchases, no annual fee, and integrates directly with Novo business checking accounts for streamlined financial management.
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Product Overview
The Novo Business Credit Card™ is a business credit card for select Novo checking account customers, offering up to 2% cashback on all business purchases, no annual fee, seamless integration with Novo business checking, and the ability to build business credit. The card is issued by Continental Bank and backed by Mastercard, providing additional business discounts and perks.
Detailed Description
The Novo Business Credit Card™ empowers small business owners to earn rewards, build business credit, and manage expenses efficiently. It offers up to 2% cashback on all business purchases, no annual fee, and integrates directly with Novo business checking accounts for streamlined financial management.
Key Features
Issued by Continental Bank, backed by Mastercard
Available as both physical and virtual card
No hard credit pull required for application (pre-qualified customers only)
AI-powered transaction categorization
Integrated spend tracking and budgeting tools
Access to larger credit lines and better terms as relationship grows
Key Benefits
Up to 2% cashback on all business purchases (with $5,000+ checking balance; 1% otherwise)
No annual fee
No spending caps or rotating categories
Seamless integration with Novo business checking account
Builds business credit (payments reported to credit agencies)
Virtual card for secure online purchases
Special discounts with business brands (e.g., Slack, Budget Car Rental, Instacart Business, Quickbooks)
Redeem cashback directly into Novo account
Personalized dashboard to track credit and checking together
How It Works
1.Maintain a Novo business checking account
2.Receive invitation if eligible (Novo reviews eligibility regularly)
3.Apply (no hard credit pull required for pre-qualified customers)
4.Use the card for business purchases to earn cashback
5.Maintain $5,000+ checking balance for 2% cashback; otherwise earn 1%
6.Redeem cashback directly into Novo account
7.Monitor and manage both credit and checking from the same dashboard
Real Novo customers use the Novo Business Credit Card to manage cash flow and reinvest cashback.
"The Novo credit card offers a level of convenience that sets it apart. It is a worthwhile investment for any small business owner looking to streamline their financial management." – David, customer since 2021
"It's been a smooth process from not only applying but purchases too. The customer service is great as well." – Colin, customer since 2024
"Novo's 2% cash back option makes every purchase an effortless way to save." – Jusmine, customer since 2023
You built the business. Now it pays you back.
Unlock up to 2% cashback. Reward the way you already do business — no caps, no rotating categories. See everything side-by-side. View checking and credit together. No need to toggle between apps. No annual fee. Backed by Mastercard. Get special discounts you’ll love, from Slack to Budget car rentals.
Unlock up to 2% cashback (no caps, no rotating categories)
Build your business and your credit at the same time. The Novo Business Credit Card is only available for eligible Novo customers so open your account today.
Novo's Bookkeeping tool leverages AI to automate expense categorization, generate accurate profit & loss and expense reports, and connect external accounts for a comprehensive financial overview. It is designed to save time, reduce manual effort, and keep businesses tax-ready.
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Product Overview
Novo Bookkeeping is an AI-powered tool that helps small businesses manage their books, categorize expenses, and generate financial reports, making bookkeeping faster, easier, and more accurate.
Detailed Description
Novo's Bookkeeping tool leverages AI to automate expense categorization, generate accurate profit & loss and expense reports, and connect external accounts for a comprehensive financial overview. It is designed to save time, reduce manual effort, and keep businesses tax-ready.
Key Features
AI-powered categorization of expenses
Accurate profit & loss (P&L) and expense reports
External account connections for consolidated financial tracking
Automated tax-friendly categories
Ready-to-download reports for accountants or tax filing (e.g., Schedule C)
Novo’s AI-powered expense categorization intelligently categorizes expenses for you so you can stay ready for tax-season and keep an eye on your expenses without all the manual effort.
Bye-bye spreadsheets
You have better things to do than sort spreadsheets. Novo’s Bookkeeping tool saves you hours of time, while making sure you can get a clear picture of your finances faster.
Breeze through tax season
Novo’s automated tax-friendly categories and ready-to-download P&L reports make tax prep a walk in the park. Send them to your accountant or use them for your Schedule C, and let tax season be stress-free.
Your finances, crystal clear
Track your financial progress over time and plan your future with more confidence. Get detailed reports, P&L statements, and more at your fingertips with Novo.
Everything in one place
Connect all your accounts and Novo automatically categorizes all your transactions so you can see your entire financial picture clearly in one place.
Novo Invoices is a free invoicing solution that enables users to send unlimited, custom, and professional invoices. It includes features such as automated payment reminders, invoice tracking, and flexible payment options for clients. The service is accessible on the go, allowing users to manage invoicing from anywhere.
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Product Overview
Novo Invoices allows businesses to create and send unlimited, customizable invoices for free. The platform offers professional, polished invoicing tools with features like automated payment reminders, invoice tracking, and flexible payment options for clients. It is designed to help small businesses, freelancers, consultants, and the self-employed get paid promptly and manage cash flow efficiently.
Detailed Description
Novo Invoices is a free invoicing solution that enables users to send unlimited, custom, and professional invoices. It includes features such as automated payment reminders, invoice tracking, and flexible payment options for clients. The service is accessible on the go, allowing users to manage invoicing from anywhere.
Key Features
Unlimited free custom invoices
Automated payment reminders
Flexible payment options for clients
Invoice tracking
Customizable invoice templates
Mobile and web access
Invoice Flex: advance payment on eligible invoices (up to 100% within one business day)
Key Benefits
Send unlimited, polished invoices for free
Customizable and professional invoice templates
Automated payment reminders to ensure timely payments
Built-in invoice tracking
Flexible payment options for clients
Access invoicing tools from anywhere
Option to get paid up front on eligible invoices with Invoice Flex
How It Works
1.Create and customize invoices using Novo's platform.
2.Send invoices to clients via the platform.
3.Automated reminders and invoice tracking help ensure prompt payment.
4.Clients can pay using flexible payment options.
5.Eligible users can use Invoice Flex to receive advance payment on invoices.
Must have a Novo account to use the invoicing platform.
Eligibility for Invoice Flex is subject to Novo's determination.
Detailed Sections
Get paid like a pro
Send unlimited, polished invoices that make your business shine—all for free. Novo gives you the tools to create custom, professional invoices that show clients you mean business.
With built-in invoice tracking and automated reminders, you can focus on your business while we make sure you get paid promptly—without the hassle.
Built-in invoice tracking
Automated reminders
Impress your clients
Invoicing should feel as polished as your work. With Novo, you can customize every invoice, automate reminders, and track payments in just a few clicks.
Customizable invoices
Automated reminders
Payment tracking
Predictable cash flow, at last
With Invoice Flex, late payments are a thing of the past. Get paid up front on eligible invoices—up to 100% of your invoice—within one business day, so you can rest easy knowing your cash flow is always under control.
Invoice Flex: advance payment on eligible invoices
Invoicing from wherever business takes you
Business doesn’t stop, and neither should your invoicing. With Novo, you can send invoices on the go, whether you’re at home or traveling.
Novo's Business Banking is a fintech-powered business checking account for small businesses, freelancers, consultants, and the self-employed. It provides a fee-free, online-first banking experience with tools to manage, move, and access business funds globally.
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Product Overview
Novo Business Banking offers a business checking account with no hidden fees, no monthly fees, and no required minimum balance. The account is 100% online, provides global access to funds, and is designed to help small businesses manage their finances flexibly and affordably.
Detailed Description
Novo's Business Banking is a fintech-powered business checking account for small businesses, freelancers, consultants, and the self-employed. It provides a fee-free, online-first banking experience with tools to manage, move, and access business funds globally.
Key Features
Business checking account
Virtual and physical debit cards
ACH transfers (free, with express option)
Domestic wire transfers (beta)
Free incoming wire transfers
Payee management and secure payments
ATM fee reimbursement (up to $7/month)
Global fund access
Partner discounts and cashback
Invoicing tools
Bookkeeping tools
Budgeting automation (Reserves)
Integrations with business software
Mobile and desktop access
Key Benefits
No hidden fees
No monthly fees
No minimum balance requirement
100% online account management
Global access to funds
Free ACH transfers with low-cost express availability
Free incoming wire transfers
Effortless payee management and secure payments
Domestic wire transfers (in beta)
Virtual and physical debit cards
ATM fee reimbursement up to $7/month
Exclusive partner discounts and cashback
FDIC insurance up to $250,000 via Middlesex Federal Savings, F.A.
Novo makes it easy, affordable, and fast to transfer your money where you need to, and accept payments however you need to.
Free ACH with low-cost express availability
Accept incoming wires for free
Effortlessly add payees and securely pay them
Send domestic wires immediately and securely (beta)
Put it on the company card
Novo’s business checking account comes with secure virtual and physical debit cards so you can track your finances and spend safely, online, at home and abroad.
Spend your money securely
Get reimbursed up to $7/month for ATM fees
Access your funds globally
Spend smarter, earn faster
Novo gives you discounts on the tools you love. From Slack, to Dropbox, and more, save on the tools that keep your business on the right track.
Novo Integrations enable seamless connection between your Novo account and leading business platforms, consolidating revenue streams and app activity into one dashboard. This helps businesses track performance, manage finances, and save on subscription costs through negotiated partner discounts.
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Product Overview
Novo Integrations allow small businesses to connect their Novo account with top business tools like Stripe, Quickbooks, Square, Etsy, and Amazon, providing a centralized view of all business income and activity. Integrations help reduce manual work, manage everything from one platform, and offer exclusive discounts on essential business tools.
Detailed Description
Novo Integrations enable seamless connection between your Novo account and leading business platforms, consolidating revenue streams and app activity into one dashboard. This helps businesses track performance, manage finances, and save on subscription costs through negotiated partner discounts.
Key Features
Seamless integration with top business tools (e.g., Stripe, Quickbooks, Square, Etsy, Amazon).
Centralized dashboard for all revenue streams and app activity.
Performance tracking for each connected tool.
Exclusive discounts and perks on industry-leading financial tools.
Personalized recommendations for business tools.
Key Benefits
Reduce manual work by automating data flow between business tools and Novo.
Manage all business finances and app activity from a single platform.
Save on essential business tools with exclusive, negotiated discounts (up to $3,000).
Centralized, clear view of all revenue streams (e.g., Stripe, Etsy, Amazon).
Personalized perks and recommendations for business tools.
How It Works
1.Connect your Novo account to supported business tools and platforms.
2.All revenue and activity from connected apps is consolidated into Novo's dashboard.
3.Track key metrics and performance for each integration.
4.Access exclusive discounts and perks negotiated by Novo.
The tools you use to run your business integrate seamlessly with Novo. Integrate Stripe, Quickbooks, Square, and more and save on your subscription costs.
Reduce manual work. Manage everything from one platform. Save on essential business tools.
Reduce manual work
Manage everything from one platform
Save on essential business tools
No more platform-hopping
Novo brings all your revenue streams—whether it’s from Stripe, Etsy, or Amazon—into one clear, centralized view. That way, you’re always on top of your finances.
Dig into the details of every integration
Novo brings each app’s activity into focus, showing you exactly how much money is moving and which metrics matter. Easily track performance for every tool you use, all without leaving Novo.
Save up to $3,000
Novo works with partners to negotiate stellar savings for you on industry-leading financial tools.
Get personalized perks tailored to your business, and save on what matters most to you.
Save money on the tools you need to run your business, and grow your business with Novo.
Unlock new recommendations for top business tools through Novo, all with exclusive discounts.
Reserves enables users to automate their budgeting by creating custom categories and automatically allocating funds towards specific goals. It is designed to help small businesses and entrepreneurs manage their cash flow, save for important expenses, and stay prepared for sudden costs.
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Product Overview
Reserves is a budgeting tool from Novo that allows businesses to automatically set aside funds for taxes, payroll, profit, expenses, and more. It provides simple, powerful budgeting features to help small businesses manage their finances and prepare for both expected and unexpected expenses.
Detailed Description
Reserves enables users to automate their budgeting by creating custom categories and automatically allocating funds towards specific goals. It is designed to help small businesses and entrepreneurs manage their cash flow, save for important expenses, and stay prepared for sudden costs.
Key Features
Auto-allocate funds to specific categories or goals.
Create up to 20 custom Reserve categories.
Tailor categories to match business budgeting needs.
Instantly allocate money to Reserves.
Make payments directly from Reserves.
Set allocation schedules and rates for each goal.
Key Benefits
Automate the process of setting aside money for taxes, payroll, profit, and expenses.
Reach savings goals faster with scheduled, automatic allocations.
Stay prepared for unexpected expenses and keep business operations running smoothly.
Customize budgeting categories to fit unique business needs.
Make payments directly from Reserves.
How It Works
1.Create a goal in Reserves.
2.Choose the amount and schedule for automatic allocation.
3.Novo automatically puts aside funds according to your preferences.
4.Create up to 20 custom categories for different budgeting needs.
Auto-allocate funds. Create up to 20 Reserve categories. Tailor categories to fit your business.
Auto-allocate funds
Create up to 20 Reserve categories
Tailor categories to fit your business
Set it, forget it
Reach your savings goals faster. Create a goal in Reserves, then choose how much you’d like to allocate towards that goal. Novo will automatically put aside funds on your schedule, at a rate you choose.
Expect the unexpected
With Reserves, you can easily manage bills and set aside funds. Stay prepared for sudden expenses and keep your business running smoothly, no matter what’s around the corner.
Your business, your categories, your budget
Create up to 20 custom categories to match your budgeting needs. Instantly allocate money to Reserves and even make payments directly from them.
Novo Funding is a cash advance solution for small businesses, offering up to $10,000 in immediate working capital with flexible, risk-free application and repayment options. Funds are instantly available in the Novo checking account, and customers only pay fees on the amount they use.
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Product Overview
Novo Funding provides eligible customers with fast, flexible small business financing directly from their Novo account. It offers immediate access to working capital, flexible repayment options, and no restrictions on fund usage, helping businesses bridge cash flow gaps.
Detailed Description
Novo Funding is a cash advance solution for small businesses, offering up to $10,000 in immediate working capital with flexible, risk-free application and repayment options. Funds are instantly available in the Novo checking account, and customers only pay fees on the amount they use.
Key Features
Up to $10,000 available for cash advances
Funds instantly transferable to Novo checking account
Revolving access with each monthly repayment
No minimum usage requirements
Transparent fees and repayment terms
Early repayment option
Key Benefits
Instant access to working capital
Flexible, revolving access renewed with each monthly repayment
No restrictions on how funds are used
Only pay fees on what you use
Clear repayment plan with early settlement option
Risk-free application process
How It Works
1.Eligible customers apply for a cash advance through their Novo account.
2.Upon approval, funds are instantly available in the Novo checking account.
3.Customers use as much or as little of the funds as needed.
4.Repayment occurs monthly, with access renewed after each repayment.
5.Customers only pay fees on the amount used and can settle early if desired.
Get up to $10,000 to manage your cash flow the way you want. With Novo's flexible cash advances, you have no restrictions on how to use the funds, and you only pay fees on what you actually use.
Instantly available to transfer into your Novo checking account
Revolving access renewed with each monthly repayment
Clear repayment plan, with early settlement option
Flexible cash, always at the ready
With Novo Funding, cash is immediately available in your Novo checking account. Handle repayments seamlessly, with complete freedom over how you use your funds.
Get back in the black
Move confidently from cash flow crunches to a stronger financial position. Novo’s funding solutions keep cash flow steady when times are tight, and Novo’s Bookkeeping shows you exactly where you stand.