Novo | A Small Business Fintech
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There are a lot of things I had to check off my list while I worked on setting up both my influencer work and my eCommerce business. Ensuring that I set up dedicated business banking accounts was high on that list.
Enter Novo, the small business fintech, powered by Middlesex Federal Savings F.A.
Novo is the powerfully simple small business checking platform that's resetting expectations of small business finances. Instead of the standard business account offered by the big banks, Novo’s accounts are customized to our user's needs. With integrations to tools small business owners already use like Stripe, Shopify, Square, and Quickbooks Online and powerful features like Invoices and Reserves, Novo users can save time. There are no hidden fees or minimums which also save Novo users money.
Ideal customers for Novo's product will be very small US based businesses. Primarily solo-entrepreneurs and businesses under 10 employees.
MY FAVORITE FEATURES
Reserves
This feature is probably both my favorite and my most used. So what is it? Reserves allow me to breakdown the funds in my account and allocate them to different categories without having to transfer funds back and forth between different accounts.
Automatically assign a percentage of all future deposits
Pick a Reserve to pay from when making ACH or check payments
Assign transactions to a reserve
No auto deductions from reserves when you hit a negative balance
Can create up to 10 Reserves
Mobile App
If you know me or have seen my phone, you know that I own an aggressive number of mobile apps. And this is one that I really do enjoy.
Clean, Clear Interface
Daily Inspirational Quote
Check Deposit
Manage Debit Card
Integrations
You can further customize your experience with the inclusion of apps that allow you to connect to other business tools you have for maintaining your
I did a lot of looking and research when my prior business checking provider went under & I have never been more excited! So many great benefits and so many yet to come!