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EW YORK, April 14, 2021 — Novo, the powerfully simple small business banking platform, today announced that the company surpassed $1 billion in small business transactions since launching in 2018, with more than $600M in transactions completed during the first three months of 2021 alone (Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A.; Member FDIC). The company also reported a surge in users — more than 40,000 small businesses signing up for Novo during Q1 2021.
“The future of small business banking isn’t just helping small businesses keep their money safe — it’s creating a solution that truly helps small businesses save money and streamline their finances,” said Michael Rangel, CEO and co-founder of Novo. “Novo couples an incredibly intuitive digital banking interface with partnerships that save small businesses money on everyday purchases, invoicing and budgeting tools that simply their finances, e-commerce integrations that streamline their cashflow, a dedicated support team that’s ready to help at a moment’s notice, and a commitment from Novo that there will never be hidden fees or unexpected charges.”
Over the last three years, tens of thousands of small business owners have signed up for Novo’s award-winning banking platform. In addition to surpassing $1 billion in transactions during Q1 2021, the company also opened a new office in Miami, announced a number of new features for its digital banking platform, and was named in both CNBC’s Best Business Checking Accounts of March 2021 and Money Magazine’s Best Business Checking Accounts of 2021. Added Rangel, “Every month, thousands of small businesses are signing up for a Novo Business Checking Account. As we look toward the rest of 2021 beyond, we plan on continuing to enhance the Novo platform, expand our global team of employees, and play an integral role in helping small businesses as they recover from the COVID-19 pandemic.”
To learn more about Novo, visit https://www.novo.co/.
About Novo Novo is the powerfully simple banking platform for small businesses. To learn more, visit https://www.novo.co/.
What’s a Rich Text element?
The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.
Static and dynamic content editing
A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!
How to customize formatting for each rich text
Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.
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