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IAMI, September 15, 2021 — Novo, the powerfully simple small business banking platform, today announced that it has hired Micayla Ryan as chief of staff, and Justin Potts as executive vice president of engineering. In total, the company has added 60 full-time staff in 2021, more than doubling its global headcount.  

“As Novo’s customer base continues to grow at an exponential rate, we are building our team with an eye toward the future, when millions of small businesses across the U.S. will be using our digital banking solutions,” said Michael Rangel, CEO of Novo. “Novo’s newest hires have had extremely successful careers in their respective fields, working with companies that grew to serve millions of people. Their experiences will be invaluable in their roles with Novo, and we couldn’t be happier to have them join our team.”  

In the first half of 2021, Novo surpassed $2 billion in lifetime transactions — doubling the digital banking platform’s lifetime transaction volume in Q2 2021 alone. This year, Novo also opened its new headquarters in Miami, announced $40.7M in Series A funding, and was named both CNBC’s Best Business Checking Accounts of August 2021 and The Banking Innovation Award from The Banker at its 2021 Innovation in Digital Banking Awards.  

Novo’s new hires include:  

Justin Potts, Executive Vice President of Engineering: Over the last decade, Potts has led globally distributed engineering teams in developing products that have reached millions of customers. Potts comes to Novo from fintech company MoneyLion, where he led all aspects of product engineering across the company’s checking account, crypto, investing, credit building, and loan products as VP of engineering and chief architect. Previous roles included head of site reliability engineering at Resy, senior research and development engineer at FuboTV, and site reliability engineer at Knewton. Potts received his Master’s in Computer Science from the University of Oxford and mentors at First Round Capital and PlatoHQ.  

Micayla Ryan, Chief of Staff: Throughout her career, Micayla Ryan has demonstrated excellence in leading and organizing executive strategic functions to ensure businesses can scale to their full potential. Prior to joining Novo, Ryan was executive assistant at BARK, a pet-centric subscription company with more than 600 employees. There, she served as executive assistant through the company’s IPO, building efficiency, establishing processes, and creating structure within the C-level and senior leadership teams. Previous roles included executive assistant at social games company Zynga, strategic programs analyst at the cloud-based software company PowerSchool, and executive assistant at learning management system company Schoology. Ryan received her BA in Political Science from Rutgers University.  

About Novo  Novo is the powerfully simple banking platform for small businesses. To learn more, visit

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September 15, 2021
Company News

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