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Novo

Novo

Private
Miami, FloridaFinTechwww.novo.co

Last Round

Pre Seed

Sep 28, 2023

Est. Valuation

$755M

Total Funding Raised

$386.72M

Momentum

Top 50%

of companies Caplight tracks

Company Overview

Novo (Financial Software) is a fintech company that offers a banking platform tailored for small businesses, combining artificial intelligence with traditional deposit accounts to deliver a personalized banking experience through a network of FDIC-insured community banks.

Sector

FinTech

Verticals

Digital Payments, Digital Banking, Lending & Credit, Accounting & Expense

Business Model

B2B

Customer Profile

Payment Processing Fee, Freemium, Services & Consulting

AI Layer

Application

Keywords

small business bankingbusiness neobankbusiness checking accountdigital banking platformneobankworking capitalchallenger bankSME bankinginvoicing softwarepayroll servicesfintech integrationsACH processingmerchant cash advanceExpress ACHAI-powered bookkeeping

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Novo Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Novo Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Pre SeedSep 28, 2023
DebtAug 1, 2023
Series BNov 22, 2022
Series BJan 11, 2022
Series AJun 16, 2021
Seed
Mar 29, 2019

Novo Investors

Notable investors and investment history

InvestorRounds
Valar VenturesSeries B, Series A
Red Sea VenturesSeed, Series A
Rainfall CapitalSeed, Series A, Series B
Victory Park CapitalDebt
TechstarsAccelerator
Crosslink CapitalSeries A, Series B, Seed
Magic FundSeries A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Oct 1, 2025

    Processed billions in total transactions.

  • Oct 1, 2025

    Serves over 250,000 small businesses.

Novo Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Novo Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Novo's valuation, stock price, and market status.

Firmographic Details

HeadquartersMiami, Florida
Employee Range408
Year Founded2016
Last FundingSep 28, 2023

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Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.