What is Novo?

Novo is a fintech, not a bank. We help business owners manage their finances with tools built for independent businesses.

Banking services are provided by Middlesex Federal Savings, F.A., Member FDIC.

Middlesex Federal Savings is a federally chartered savings bank and an FDIC-insured depository institution. Deposits made through the Novo platform are FDIC insured on a pass-through basis up to $250,000 per depositor, which is the current legal limit.

Middlesex Federal Savings’ FDIC certificate number is 28368. You can find it using the FDIC BankFind tool.

In some cases, deposits may be placed at other insured depository institutions through a deposit network. A list of those institutions is available at www.cambr.com/bank-list.

Banking services provided by Middlesex Federal Savings, F.A., Member FDIC. The Novo Debit Card is issued by Middlesex Federal Savings, F.A., and the Novo Business Credit Card™ is issued by Continental Bank, pursuant to licenses from Mastercard® International Incorporated. Mastercard is a registered trademark of Mastercard International Incorporated and can be used everywhere Mastercard is accepted. The Novo Merchant Cash Advance is offered by Novo Funding LLC. Your eligibility for Novo products and services is subject to final Novo determination.