Valuation
$51M
2023 Revenue
$17M
Funding
$0
Team
437
Founded
2016
How Novo CEO Michael Rangel grew to $17M revenue with a 437 person team in 2023.
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
Novo Revenue
In 2023, Novo's revenue reached $17M. Since its launch in 2016, Novo has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2023 | Novo Hit $17m revenue in June 2023 | |
| 2016 | Launched with $0 revenue |
Novo Valuation, Funding Rounds
Novo's most recent disclosed valuation is $51M.
Novo is a bootstrapped Accounting & Finance Software startup. Founded in 2016, Novo has grown to $17M in revenue without raising any venture capital or outside funding.
As a self-funded Accounting & Finance Software SaaS company, Novo has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Michael Rangel
Michael Rangel is listed as Founder / CEO at Novo.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Novo yet.
Novo Employees & Team Size
Novo employs approximately 437 people as of 2026.
| Year | Milestone |
|---|---|
| 2024 | Reached 437 employees (September 2024) |
Frequently Asked Questions about Novo
What is Novo's revenue?
Novo generates $17M in revenue.
Who founded Novo?
Novo was founded by Michael Rangel.
Who is the CEO of Novo?
The CEO of Novo is Michael Rangel.
How much funding does Novo have?
Novo raised $0.
How many employees does Novo have?
Novo has 437 employees.
Where is Novo headquarters?
Novo is headquartered in Miami, Florida, United States.
Compare Novo to the industry
Novo operates across multiple industries. Browse revenue, funding, and growth data for Novo in each sector below.
Data and Sources
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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