e are excited to announce that Novo has been named among Forbes’ Fintech 50 this year as one of the most innovative startups in the financial technology space.
This past year has been one of incredible growth for us as we continue in our mission to enable small businesses to grow and succeed. In late 2021 we released our App Marketplace, with over a dozen native integrations to streamline business finances. In February, we launched the Novo Virtual Card for seamless spending and mobile banking. Most recently in May, our latest product Novo Boost entered public beta. This faster payment feature was designed to increase the velocity of small business cash flow. The innovation we bring to our product offering reflects our unwavering commitment to providing a seamless, clear, and empowering business banking experience. We are now the trusted business banking partner of nearly 200,000 brave small businesses across the United States.
We are humbled by the recognition, and we are excited to continue delivering value to small businesses, the lifeblood of the US economy. And with the $90 million funding round we raised in January 2022, we are poised to bring this momentum into the future.
Read more about the recognition here.
Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A.; Member FDIC.