Novo Business Banking

Novo Business Banking is a digital financial technology platform and fee-free checking account administered by Novo, with banking services provided by Middlesex Federal Savings. The platform provides commercial banking tools, built-in invoicing, and working capital advances up to $75,000 with rates starting at 1.5 percent. Following a $90 million Series B round, the company expanded its credit offerings, originating $20 million in cash advances across 3,000 customers during its pilot. Users receive over $5,000 in partner discounts and can integrate financial data with third-party software providers including Stripe, Gusto, QuickBooks, and Google Cloud. Applicants must operate a United States-based entity, possess an employer identification number, and pass a soft credit check for capital access. This resource is intended for startup founders, freelancers, and small business owners requiring a digital-first commercial bank account with integrated cash flow management tools.