Your Small Business Financing Solution

Novo Funding offers fast, flexible working capital to support underserved small businesses with their short-term financial needs and long-term ambitions. Apply in less than 10 minutes for: - Working capital for your small businesses in the form of a Merchant Cash Advance - 24-hour decisioning - Instant access to funds - No limitations on the use of funds - Straightforward repayment - Fees only on the funds you use

  1. Up to 95% faster payments with Novo Boost
  2. No monthly fees or minimum balance requirements
  3. Free ACH Transfers
  4. Thousands of dollars in exclusive perks
  5. Connections to thousands of business apps
  6. Unlimited ATM fee refunds
Business BankingBusiness Banking
StripeSquareShopifyWiseQuickBooks

Save money

Free business checking account in the palm of your hand

Easy Transfers
Easy Transfers

Free ACH transfers, mailed checks, and incoming wires

Apply In Minutes
Apply In Minutes

Submit your application in under 10 minutes

No Hidden Fee
No Hidden Fees

Don't be surprised by a fee again – see for yourself

FDIC Insurance
FDIC Insurance

Insured through Middlesex Federal Savings

Online Banking
Online Banking

Banking at your fingertips anywhere, anytime

Novo
  1. No hidden fees
  2. No monthly fees or minimum balance requirements
  3. Simple, easy-to-use mobile apps
  4. Apply in under 10 minutes
  5. Human-powered customer service
  6. Free transfers, mailed checks, and incoming wires
  7. Integrates with other small business tools
  8. Refunds all ATM fees
  9. Thousands of dollars in exclusive perks
  10. Backed with FDIC insurance through Middlesex Federal Savings, F.A.
Traditional Business Bank Accounts
  1. Hide monthly or usage fees in the fine print
  2. Charge up to $20 per month in fees
  3. Difficult and clunky mobile apps
  4. Can take weeks to open an account
  5. Chatbots and automated phone support
  6. Charge $3 per transfer and up to $25 for incoming wires
  7. Upsell you on only their own, out-of-date products
  8. Charge you $3 to use out-of-network ATMs
  9. Charge you to use their products
  10. Backed with FDIC insurance

Save time

Connect Novo to your tools

We integrate with the services you use to manage and grow your business.

Over 7,000 5-star reviews

Hear it from our customers

A small business owner’s dream
Rating
by
Matthew O.
,
Trustpilot Review

As a small business owner there can be so many hurdles. But Novo has really helped to alleviate many concerns and worries I had. The experience has been seamless and I’m looking forward to being a client for a long time.

Love Novo!!!
Rating
by
Jennifer B.
,
Trustpilot Review

Novo has an easy to use app. You can do everything from your phone. It is easy to transfer funds in and out of the account. The app integrates with Quickbooks and many other business management tools. They also let you create reserves of money within the account for taxes, travel expenses, or anything else you need to save for. I highly recommend Novo!!!

Easy to use approach
Rating
by
Lavencion
,
App Store Review

My experience has been very positive so far. Transactions have been easy and the performance of the software has been spot on! Thank you for the great customer service.

HOW WE PROTECT YOU

Your data and money are safe and secure

FDIC Insurance
FDIC Insurance

Your deposits are insured up to $250,000 through our partner bank, Middlesex Federal Savings, Member FDIC.

EMV Chip
EMV Chip

Your Novo debit card is protected by Mastercard EMV technology, making it virtually impossible to counterfeit.

Bulletproof Security
Bulletproof Security

Our dedicated security teams and bank-grade encryption ensures that your information remains safe 24/7.

The Novo Virtual Card
The Novo Virtual Card

Your virtual card is more secure than ever with digital safety measures and the ability to freeze and unfreeze the card instantly.

deals on the best tools for your business

$4,000 in savings

104

$5k in waived Stripe processing fees

20% off forming your business entity

209

$79/annually to file state & federal taxes - 53% discount of Keeper's retail

50% discount on the first 6 months of Plus and 1 hour of professional services (only available the first 30 days of launch)

3 months free of Way+ Sapphire

104

3 Months Free - average savings up to $1,720

Streamline your business

Banking that works for you and your business

Easily get up and running with Novo, so you can spend less time banking and more time growing your business. No more monthly fees, minimums, or waiting in line for a teller.

  • FDIC Insurance icon

    Enjoy peace of mind

    Rest assured you’re covered with Mastercard’s Zero Liability and ID Theft Protection programs. Plus, get automatic fraud and purchase alerts. 

  • Ditch the distractions

    Unlike credit cards, Novo’s debit card is free, and you don’t have to worry about confusing rewards programs.

  • Apply in minutes icon

    Take back time

    Novo automatically categorizes your spending so you can save time (and money) on bookkeeping and taxes.

  • No hidden fees icon

    Freedom from fees

    Say goodbye to hidden fees, monthly fees, and required minimum balances. 

  • Fast money movement

    Manage your cash flow with Novo’s flexible payment and deposit options to save time and cost.

  • Your financial hub

    Enjoy automated budgeting, working capital, and integrations with the tools you’re already using, like Stripe, Amazon, and QuickBooks.

  • Deposit & send checks

    Manage your money with ease by depositing and sending checks right in the Novo app.

  • Smart insights

    Enjoy automatic categorization and an overview of your business’s finances, all in one place.

  • Virtual debit card

    Start spending with your virtual debit card as soon as you make your first deposit into your Novo account.

  • Unlimited transactions

    With no transaction limits, you can spend how and when you want, using your Novo debit card.

  • Fast & easy transfers

    Pay by free ACH transfers, or use Express ACH for the speed of a wire transfer at a fraction of the cost.

  • Expert customer support

    Have a question or a concern about your account? Our dedicated Novo team is always here to help.

Solutions

Free and flexible invoices

Create and send an unlimited number of fully customizable invoices from directly within your Novo account.

Screenshot of Novo invoices feature

Integrate with the services you already use

From Stripe to Shopify, Novo connects with over a dozen apps so you can take action and get insights from your Novo account.

Enjoy exclusive partner perks

Save thousands on popular digital tools including Quickbooks, Gusto, and Hubspot with perks exclusive to Novo customers.

Give your cash flow a boost

With Novo Boost, get your Stripe payments 95% faster, free of charge. The faster you access your revenue, the faster you can reinvest in growth.

Invoices

Screenshot of Novo invoices feature

Free and flexible invoices

Create and send an unlimited number of fully customizable invoices from directly within your Novo account.

Integrations

Integrate with the services you already use

From Stripe to Shopify, Novo connects with over a dozen apps so you can take action and get insights from your Novo account.

Partner Perks

Enjoy exclusive partner perks

Save thousands on popular tools including Quickbooks, Gusto, and Hubspot with perks exclusive to Novo customers.

Novo Boost™

Give your cash flow a boost

With Novo Boost, get your Stripe payments 95% faster, free of charge. The faster you access your revenue, the faster you can reinvest in growth.

All-in-one money management

Running a business today is complicated enough. Your banking solution should be simple—and help simplify. Spend less time managing your finances and more time running your business with Novo.