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Novo is the banking solutions platform built for small businesses. We remove the usual hassles of business banking and empower companies to reach their full potential with free checking, automated tools, and seamless integrations, all in one platform.
Last updated
In 2023, Novo's revenue reached $17M. Since its launch in 2016, Novo has shown consistent revenue growth.
Novo reached a $51M valuation in 2025, set during its M&A Offer round.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $51M | - |
| Question | Answer |
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| What's your age? | - |
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We do not have customer count information for Novo yet.
Novo employs approximately 437 people as of 2026.
Novo generates an estimated $17M in annual revenue.
Novo was founded by Michael Rangel.
The CEO of Novo is Michael Rangel.
Novo raised $0.
Novo has 437 employees.
Novo is headquartered in Miami, Florida, United States.
Novo operates across multiple industries. Browse revenue, funding, and growth data for Novo in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$51M
2023 Revenue
$17M(Est.)
Funding
$0
Team · 2024
437
Founded
2016
| Year | Milestone | Source |
|---|---|---|
| 2023 | Novo Hit $17m revenue in June 2023 | Estimated |
| 2016 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 437 employees (September 2024) |
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