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Novo is a technology company.
Novo operates a digital banking platform tailored for small businesses, entrepreneurs, and freelancers. It provides a comprehensive suite of financial management tools, including business checking accounts, credit cards, and integrated capabilities for bookkeeping, cash flow management, and invoicing. The platform aims to simplify and centralize financial operations, offering a streamlined experience.
Founded in 2018 by Michael Rangel and Tyler McIntyre, Novo originated from their insight into the inefficiencies and complexities faced by small businesses with traditional banking services. They sought to create a modern, accessible, and intuitive financial solution, directly addressing the underserved needs of independent professionals and growing enterprises.
Novo serves small business owners and self-employed individuals seeking efficient financial tools. The company's vision is to simplify and innovate small business banking, empowering users to manage their finances with ease. This enables them to dedicate more resources and focus towards the growth and success of their ventures.
Novo has raised $172.1M across 5 funding rounds.
Novo has raised $172.1M in total across 5 funding rounds.
Novo has raised $172.1M in total across 5 funding rounds.
Novo's investors include Katharina Lind, Oliver Mougenot, Franz de Waal, Kerstin Bock, Antler, Notable Capital, Robin Li, Saagar Kulkarni, Alt Capital, Arrive, Ascend Vietnam Ventures, Basis Set Ventures.
Novo refers to multiple technology companies, with no single dominant entity matching a high-profile startup or investment firm. The most comprehensive profile is Novo Technology (novo.co.tt), a diversified tech firm based in Trinidad and Tobago focused on pioneering innovations in technology, media, farms, communications, and life solutions under its LIFE brand. It offers services like online payment processing, virtual banking, website and mobile app development, and 100% Fiber To The Home networks—the first in its region—aiming to improve customer lives through environmentally friendly, innovative solutions.[1]
Other entities include Novo Technologies (novo-tech.com), a privately held company investing in and developing IoT, Big Data, and Smart City technologies for connected environments; Novo Tech Software (novotechsoftware.com), a geotechnical engineering software provider since 1997 serving 1000+ users in 50+ countries; and Novo Technologies USA (novotechnologies.com), a Modesto, California-based custom software developer founded in 2011 with ~29 employees and $10M revenue, specializing in onshore teams for web, mobile, and Windows apps.[2][3][4][5] These serve industries from urban infrastructure to engineering, solving problems in data-driven connectivity, specialized software needs, and scalable development.
Novo Technology (Trinidad and Tobago) embodies its name's Latin root—"new" or "a new way of doing things"—with a core ideology of innovation across life sectors like farming, communication, and consumer experiences via the LIFE brand. It emerged as a strategic thinker in competitive intelligence and game-changing tech, expanding from digital services to regional fiber networks and entertainment.[1]
Novo Tech Software traces to 1997 when founders launched PEYSANJ bearing capacity software, followed by NovoLAB borehole log tools in 2003 and Jarf Andish System Inc. By 2008, it pioneered an application framework for geotechnical tools, now headquartered in Vancouver with global reach in engineering software.[3] Novo Technologies USA started in 2011 in Modesto, growing from 2 to 60+ employees by focusing on client partnerships for cost-effective software processes.[4][5] Novo Technologies (novo-tech.com) lacks a specified founding date but built on in-house R&D for IoT and Smart Cities.[2]
These Novo entities ride trends in digital infrastructure and specialized tech adoption. Novo Technology taps Caribbean digital transformation, expanding fiber and fintech amid rising demand for affordable connectivity and e-services in emerging markets.[1] Novo Technologies aligns with global IoT/Smart City growth, enhancing urban interactivity amid urbanization and data explosion.[2] Novo Tech Software supports sustainable engineering in infrastructure like hydro projects, critical for climate-resilient development.[3] Novo Technologies USA addresses onshoring in software amid supply chain shifts post-2020s disruptions.[4][5]
Timing favors them: Post-pandemic connectivity booms, AI/IoT integration, and regional tech investments create tailwinds. They influence ecosystems by democratizing tools—fiber for underserved areas, geotech for remote projects, custom dev for SMEs—fostering innovation in niche markets.
Novo companies position for expansion in connected, data-centric worlds: expect Novo Technology to scale LIFE solutions regionally amid 5G/6G rollout; Novo Technologies to deepen Smart City partnerships; Novo Tech Software to integrate AI for engineering; and Novo Technologies USA to grow onshore demand. Trends like edge computing, sustainable infra, and nearshoring will propel them, evolving influence from niche players to ecosystem enablers. This "new way" ethos ties back to pioneering tech that reshapes industries, ready for a Novo LIFE in evolving markets.
Novo has raised $172.1M across 5 funding rounds. Most recently, it raised $1.1M Pre-Seed in October 2023.